Landscape Capital Management L.L.C. Has $166,000 Holdings in Hecla Mining (HL)
Landscape Capital Management L.L.C. cut its stake in Hecla Mining (NYSE:HL) by 52.2% in the 4th quarter, HoldingsChannel reports. The fund owned 41,861 shares of the basic materials company’s stock after selling 45,714 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in Hecla Mining were worth $166,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp raised its holdings in shares of Hecla Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock worth $193,428,000 after buying an additional 426,023 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Hecla Mining by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after buying an additional 198,411 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Hecla Mining by 2.8% during the 4th quarter. BlackRock Inc. now owns 25,922,232 shares of the basic materials company’s stock worth $102,911,000 after buying an additional 694,899 shares in the last quarter. Virtus Fund Advisers LLC raised its holdings in shares of Hecla Mining by 7.7% during the 4th quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock worth $28,573,000 after buying an additional 515,890 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Hecla Mining by 10.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,910,815 shares of the basic materials company’s stock worth $19,496,000 after buying an additional 446,213 shares in the last quarter. 60.00% of the stock is owned by hedge funds and other institutional investors.
In related news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of Hecla Mining stock in a transaction on Thursday, December 14th. The shares were purchased at an average price of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.50% of the company’s stock.
Shares of Hecla Mining (NYSE HL) opened at $4.04 on Wednesday. Hecla Mining has a 52-week low of $3.38 and a 52-week high of $6.17. The firm has a market capitalization of $1,569.63, a price-to-earnings ratio of -67.33, a P/E/G ratio of 314.40 and a beta of 0.30. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The firm had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. During the same quarter in the previous year, the company posted $0.03 EPS. The business’s revenue was down 2.6% on a year-over-year basis. analysts forecast that Hecla Mining will post 0.01 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th were given a $0.0025 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.25%. Hecla Mining’s dividend payout ratio (DPR) is presently -16.67%.
Hecla Mining Company 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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