Hallador Energy (NASDAQ:HNRG) Sees Large Drop in Short Interest

Hallador Energy (NASDAQ:HNRG) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,620,000 shares, a decrease of 11.0% from the January 15th total of 1,820,000 shares. Currently, 5.8% of the shares of the company are short sold. Based on an average daily volume of 517,300 shares, the days-to-cover ratio is currently 3.1 days.

Insider Activity at Hallador Energy

In other Hallador Energy news, Director David C. Hardie sold 2,553 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $13.01, for a total transaction of $33,214.53. Following the transaction, the director now directly owns 2,041,488 shares of the company’s stock, valued at approximately $26,559,758.88. This trade represents a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 36,221 shares of company stock worth $471,572 in the last 90 days. 32.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its holdings in shares of Hallador Energy by 23.5% in the fourth quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after purchasing an additional 1,435 shares in the last quarter. CWM LLC grew its position in Hallador Energy by 154.4% during the third quarter. CWM LLC now owns 8,227 shares of the energy company’s stock valued at $78,000 after acquiring an additional 4,993 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Hallador Energy in the 2nd quarter valued at about $78,000. Quantinno Capital Management LP acquired a new position in shares of Hallador Energy in the 3rd quarter valued at about $96,000. Finally, Exchange Traded Concepts LLC grew its holdings in shares of Hallador Energy by 66.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,357 shares of the energy company’s stock worth $98,000 after purchasing an additional 4,132 shares during the period. 61.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on HNRG. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company. B. Riley increased their price objective on Hallador Energy from $9.00 to $13.00 and gave the stock a “buy” rating in a research report on Wednesday, November 13th.

Hallador Energy Stock Performance

HNRG traded up $0.09 during trading on Tuesday, hitting $11.00. The stock had a trading volume of 245,154 shares, compared to its average volume of 458,389. The firm has a market capitalization of $468.82 million, a P/E ratio of -20.00 and a beta of 0.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.17 and a current ratio of 0.58. Hallador Energy has a twelve month low of $4.33 and a twelve month high of $14.00. The company’s 50-day moving average price is $11.61 and its 200 day moving average price is $9.92.

About Hallador Energy

Hallador Energy Company, through its subsidiaries, engages in the production of steam coal in the State of Indiana for the electric power generation industry. The company owns the Oaktown Mine 1 and Oaktown Mine 2 underground mines in Oaktown; Freelandville Center Pit surface mine in Freelandville; and Prosperity Surface mine in Petersburg, Indiana.