Connor Clark & Lunn Investment Management Ltd. Makes New Investment in Hallador Energy Company $HNRG

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Hallador Energy Company (NASDAQ:HNRG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 151,037 shares of the energy company’s stock, valued at approximately $2,627,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of Hallador Energy at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Galaxy Digital Inc. acquired a new position in shares of Hallador Energy in the 1st quarter valued at $1,628,000. Monashee Investment Management LLC acquired a new stake in shares of Hallador Energy during the 1st quarter worth $1,465,000. Dimensional Fund Advisors LP increased its holdings in shares of Hallador Energy by 12.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,022,983 shares of the energy company’s stock worth $16,658,000 after buying an additional 109,781 shares during the last quarter. Empyrean Capital Partners LP purchased a new position in shares of Hallador Energy in the 1st quarter worth $8,140,000. Finally, Deutsche Bank AG purchased a new position in shares of Hallador Energy in the 2nd quarter worth $13,534,000. 61.38% of the stock is owned by institutional investors and hedge funds.

Hallador Energy Price Performance

Shares of NASDAQ HNRG opened at $16.24 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.72 and a quick ratio of 0.24. Hallador Energy Company has a 1-year low of $13.65 and a 1-year high of $24.70. The company has a market capitalization of $765.60 million, a price-to-earnings ratio of 812.00 and a beta of 0.25. The business has a 50-day moving average of $16.07 and a 200-day moving average of $17.10.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, August 10th. The energy company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.20). The company had revenue of $101.51 million for the quarter, compared to analysts’ expectations of $90.33 million. Hallador Energy had a negative net margin of 0.20% and a negative return on equity of 0.52%. On average, equities analysts anticipate that Hallador Energy Company will post -0.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HNRG shares. Northland Securities set a $28.00 price target on Hallador Energy in a research report on Tuesday, August 11th. Wall Street Zen downgraded Hallador Energy from a “sell” rating to a “strong sell” rating in a report on Saturday, August 15th. Alliance Global Partners raised Hallador Energy to a “strong-buy” rating in a research note on Friday, August 14th. Zacks Research cut Hallador Energy from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Weiss Ratings lowered shares of Hallador Energy from a “hold (c-)” rating to a “sell (d-)” rating in a report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $25.12.

Insider Buying and Selling

In other news, Director Daniel Timothy Hudson bought 5,000 shares of Hallador Energy stock in a transaction dated Thursday, July 9th. The shares were acquired at an average cost of $16.58 per share, with a total value of $82,900.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $331,600. This trade represents a 33.33% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Charles Ray Iv Wesley bought 15,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was purchased at an average price of $16.69 per share, with a total value of $250,350.00. Following the completion of the purchase, the director directly owned 338,469 shares of the company’s stock, valued at approximately $5,649,047.61. This trade represents a 4.64% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 35,000 shares of company stock worth $589,170 in the last quarter. Insiders own 17.43% of the company’s stock.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.