Virtu Financial LLC Has $186,000 Position in Hecla Mining Company (HL)
Virtu Financial LLC increased its position in Hecla Mining Company (NYSE:HL) by 550.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,184 shares of the basic materials company’s stock after acquiring an additional 154,185 shares during the quarter. Virtu Financial LLC’s holdings in Hecla Mining were worth $186,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in HL. Aperio Group LLC increased its holdings in Hecla Mining by 15.2% in the 2nd quarter. Aperio Group LLC now owns 82,293 shares of the basic materials company’s stock worth $420,000 after acquiring an additional 10,841 shares in the last quarter. Trexquant Investment LP purchased a new stake in Hecla Mining in the 2nd quarter worth approximately $124,000. Canada Pension Plan Investment Board increased its holdings in Hecla Mining by 56.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 471,100 shares of the basic materials company’s stock worth $2,403,000 after acquiring an additional 169,700 shares in the last quarter. National Planning Corp increased its holdings in Hecla Mining by 79.9% in the 2nd quarter. National Planning Corp now owns 35,334 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 15,691 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Hecla Mining by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 802 shares in the last quarter. 60.33% of the stock is owned by institutional investors.
Shares of Hecla Mining Company (HL) traded up $0.01 on Friday, reaching $3.81. 4,993,700 shares of the company’s stock were exchanged, compared to its average volume of 5,571,889. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. Hecla Mining Company has a twelve month low of $3.43 and a twelve month high of $6.78. The stock has a market cap of $1,516.27, a price-to-earnings ratio of 54.29, a P/E/G ratio of 76.00 and a beta of 0.20.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The business had revenue of $140.80 million during the quarter, compared to analyst estimates of $151.32 million. During the same period last year, the firm posted $0.07 EPS. The company’s revenue was down 21.5% on a year-over-year basis. equities research analysts expect that Hecla Mining Company will post 0.05 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date of this dividend was Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is currently 16.67%.
HL has been the subject of several analyst reports. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a report on Friday, October 13th. Cantor Fitzgerald began coverage on shares of Hecla Mining in a report on Monday, December 4th. They set a “buy” rating and a $5.00 price objective for the company. Royal Bank of Canada set a $6.00 price objective on shares of Hecla Mining and gave the company a “hold” rating in a report on Wednesday, October 18th. BMO Capital Markets began coverage on shares of Hecla Mining in a report on Friday, November 17th. They set a “market perform” rating and a $4.75 price objective for the company. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $5.00 price objective on shares of Hecla Mining in a report on Thursday, September 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $5.75.
In other news, CEO Phillips S. Baker, Jr. bought 13,000 shares of the stock in a transaction dated Thursday, December 14th. The stock was purchased at an average cost of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Theodore Crumley bought 10,000 shares of the stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the completion of the transaction, the director now directly owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
Hecla Mining Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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