Corsair Capital Management L.P. Buys New Position in Hallador Energy Company $HNRG

Corsair Capital Management L.P. purchased a new position in shares of Hallador Energy Company (NASDAQ:HNRG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 30,000 shares of the energy company’s stock, valued at approximately $475,000. Corsair Capital Management L.P. owned about 0.07% of Hallador Energy as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Ameritas Investment Partners Inc. raised its holdings in Hallador Energy by 68.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,169 shares of the energy company’s stock valued at $50,000 after acquiring an additional 1,283 shares in the last quarter. Pinnacle Holdings LLC increased its stake in Hallador Energy by 33.0% in the first quarter. Pinnacle Holdings LLC now owns 5,538 shares of the energy company’s stock valued at $68,000 after acquiring an additional 1,373 shares during the period. Hilltop National Bank acquired a new position in Hallador Energy in the second quarter worth about $71,000. Police & Firemen s Retirement System of New Jersey boosted its holdings in Hallador Energy by 31.5% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 7,774 shares of the energy company’s stock valued at $123,000 after purchasing an additional 1,863 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Hallador Energy during the first quarter valued at approximately $165,000. 61.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on HNRG. B. Riley lowered Hallador Energy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $15.00 to $17.00 in a research note on Tuesday, August 12th. Zacks Research upgraded shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Industrial Alliance Securities set a $28.00 price objective on shares of Hallador Energy in a report on Tuesday, November 11th. Citigroup downgraded Hallador Energy to a “neutral” rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised Hallador Energy from a “hold” rating to a “buy” rating in a report on Sunday, October 26th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.25.

Hallador Energy Stock Performance

Shares of NASDAQ HNRG opened at $19.89 on Friday. The stock has a market capitalization of $871.68 million, a PE ratio of -3.99 and a beta of 0.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.67. Hallador Energy Company has a 52 week low of $8.37 and a 52 week high of $24.70. The stock has a 50 day moving average price of $20.19 and a 200 day moving average price of $18.05.

Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, November 10th. The energy company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.49. The business had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $110.92 million. Hallador Energy had a positive return on equity of 11.58% and a negative net margin of 46.61%. Analysts predict that Hallador Energy Company will post -0.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 100,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $19.53, for a total transaction of $1,953,000.00. Following the sale, the director owned 21,072 shares of the company’s stock, valued at approximately $411,536.16. The trade was a 82.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Charles Ray Iv Wesley bought 13,000 shares of the stock in a transaction on Friday, November 21st. The stock was purchased at an average cost of $19.28 per share, with a total value of $250,640.00. Following the acquisition, the director owned 247,914 shares in the company, valued at approximately $4,779,781.92. This represents a 5.53% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 372,062 shares of company stock valued at $7,232,705 over the last ninety days. Insiders own 23.73% of the company’s stock.

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.