Goldman Sachs Group Inc. Raises Position in Hallador Energy Company (HNRG)
Goldman Sachs Group Inc. boosted its position in shares of Hallador Energy Company (NASDAQ:HNRG) by 299.1% during the first quarter, Holdings Channel reports. The firm owned 132,609 shares of the energy company’s stock after buying an additional 99,378 shares during the period. Goldman Sachs Group Inc.’s holdings in Hallador Energy were worth $1,062,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in shares of Hallador Energy by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock worth $380,000 after buying an additional 4,579 shares during the period. TFS Capital LLC raised its stake in shares of Hallador Energy by 21.5% in the first quarter. TFS Capital LLC now owns 36,680 shares of the energy company’s stock worth $294,000 after buying an additional 6,488 shares during the period. BlueCrest Capital Management Ltd purchased a new stake in shares of Hallador Energy during the first quarter worth approximately $125,000. Algert Global LLC purchased a new stake in shares of Hallador Energy during the first quarter worth approximately $142,000. Finally, Segantii Capital Management Ltd raised its stake in shares of Hallador Energy by 560.0% in the first quarter. Segantii Capital Management Ltd now owns 26,400 shares of the energy company’s stock worth $211,000 after buying an additional 22,400 shares during the period. Institutional investors own 55.73% of the company’s stock.
Shares of Hallador Energy Company (NASDAQ HNRG) traded up 1.48% during mid-day trading on Friday, hitting $6.16. The stock had a trading volume of 69,803 shares. The company has a market cap of $183.34 million, a P/E ratio of 22.56 and a beta of -0.61. Hallador Energy Company has a 1-year low of $5.76 and a 1-year high of $10.40. The firm’s 50 day moving average price is $7.41 and its 200 day moving average price is $7.89.
Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by $0.13. The firm had revenue of $64.31 million for the quarter, compared to analysts’ expectations of $64.20 million. Hallador Energy had a net margin of 3.13% and a return on equity of 11.19%. Analysts predict that Hallador Energy Company will post $0.65 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, July 31st were given a dividend of $0.04 per share. The ex-dividend date was Thursday, July 27th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 2.60%. Hallador Energy’s dividend payout ratio (DPR) is currently 59.26%.
Separately, Zacks Investment Research lowered Hallador Energy from a “buy” rating to a “sell” rating in a report on Wednesday, July 12th.
About Hallador Energy
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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