Connor Clark & Lunn Investment Management Ltd. Purchases New Holdings in Hallador Energy Company $HNRG

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Hallador Energy Company (NASDAQ:HNRG) in the second quarter, HoldingsChannel reports. The fund acquired 151,037 shares of the energy company’s stock, valued at approximately $2,627,000.

A number of other institutional investors also recently made changes to their positions in the business. JB Capital Partners LP purchased a new position in shares of Hallador Energy during the 2nd quarter valued at approximately $2,782,400. Meeder Asset Management Inc. acquired a new stake in shares of Hallador Energy during the second quarter worth approximately $71,000. BlackRock Inc. bought a new stake in shares of Hallador Energy in the second quarter worth $49,594,000. Deutsche Bank AG bought a new stake in shares of Hallador Energy in the second quarter worth $13,534,000. Finally, Persistent Asset Partners Ltd acquired a new stake in Hallador Energy in the second quarter valued at $42,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Northland Securities set a $28.00 price objective on shares of Hallador Energy in a research note on Tuesday, August 11th. Weiss Ratings downgraded shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 18th. Wall Street Zen lowered shares of Hallador Energy from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 15th. Zacks Research cut shares of Hallador Energy from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 12th. Finally, Alliance Global Partners upgraded Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.12.

Insider Transactions at Hallador Energy

In other Hallador Energy news, Director Charles Ray Iv Wesley acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, June 16th. The stock was acquired at an average price of $16.69 per share, with a total value of $250,350.00. Following the transaction, the director directly owned 338,469 shares in the company, valued at approximately $5,649,047.61. This represents a 4.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Daniel Timothy Hudson acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, June 29th. The shares were acquired at an average price of $16.94 per share, for a total transaction of $169,400.00. Following the purchase, the director owned 15,000 shares of the company’s stock, valued at $254,100. This trade represents a 200.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders bought 35,000 shares of company stock worth $589,170. Insiders own 17.43% of the company’s stock.

Hallador Energy Stock Performance

Shares of HNRG opened at $16.24 on Friday. The stock has a market capitalization of $765.60 million, a PE ratio of 812.00 and a beta of 0.25. The business’s fifty day moving average price is $16.07 and its 200 day moving average price is $17.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. Hallador Energy Company has a 12-month low of $13.65 and a 12-month high of $24.70.

Hallador Energy (NASDAQ:HNRG) last released its earnings results on Monday, August 10th. The energy company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The business had revenue of $101.51 million for the quarter, compared to the consensus estimate of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. Equities research analysts forecast that Hallador Energy Company will post -0.09 EPS for the current year.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.