Hallador Energy Co. (NASDAQ:HNRG)’s share price dropped 6.3% during mid-day trading on Monday . The stock traded as low as $5.02 and last traded at $5.07, with a volume of 60,768 shares. The stock had previously closed at $5.41.

HNRG has been the topic of several research reports. Zacks Investment Research raised Hallador Energy from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. FBR & Co reaffirmed a “buy” rating on shares of Hallador Energy in a report on Tuesday, May 10th.

The company has a market cap of $148.30 million and a PE ratio of 8.02. The stock has a 50-day moving average price of $4.60 and a 200-day moving average price of $4.69.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Friday, July 29th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Wednesday, July 27th.

A hedge fund recently raised its stake in Hallador Energy stock. Morgan Stanley increased its position in shares of Hallador Energy Co. (NASDAQ:HNRG) by 63.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 263,016 shares of the company’s stock after buying an additional 102,297 shares during the period. Morgan Stanley owned approximately 0.91% of Hallador Energy worth $1,200,000 at the end of the most recent quarter.

Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.

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