Investors Buy Large Volume of Hallador Energy Call Options (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw unusually large options trading activity on Wednesday. Investors acquired 13,379 call options on the stock. This represents an increase of approximately 957% compared to the average volume of 1,266 call options.

Insider Buying and Selling

In other Hallador Energy news, Director David C. Hardie sold 23,604 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $13.11, for a total transaction of $309,448.44. Following the transaction, the director now owns 2,106,819 shares in the company, valued at $27,620,397.09. The trade was a 1.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders have sold 104,524 shares of company stock worth $1,356,743. Insiders own 32.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Savant Capital LLC lifted its holdings in Hallador Energy by 9.1% in the 4th quarter. Savant Capital LLC now owns 24,717 shares of the energy company’s stock valued at $283,000 after purchasing an additional 2,055 shares in the last quarter. Empowered Funds LLC grew its position in Hallador Energy by 5.1% in the 4th quarter. Empowered Funds LLC now owns 233,185 shares of the energy company’s stock valued at $2,670,000 after acquiring an additional 11,288 shares in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $171,000. Aspiriant LLC purchased a new position in shares of Hallador Energy in the 4th quarter valued at about $179,000. Finally, Barclays PLC boosted its stake in shares of Hallador Energy by 272.9% in the 3rd quarter. Barclays PLC now owns 33,131 shares of the energy company’s stock valued at $312,000 after buying an additional 24,247 shares during the period. Hedge funds and other institutional investors own 61.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HNRG. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Hallador Energy Stock Up 6.1 %

HNRG stock opened at $10.56 on Thursday. The firm has a 50-day simple moving average of $12.07 and a two-hundred day simple moving average of $9.66. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings data on Tuesday, November 12th. The energy company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.14. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $105.04 million for the quarter, compared to the consensus estimate of $117.10 million. During the same quarter in the prior year, the company posted $0.47 earnings per share. As a group, research analysts forecast that Hallador Energy will post -0.31 earnings per share for the current year.

Hallador Energy Company Profile

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.