Bryce Point Capital LLC Purchases Shares of 303,917 Hecla Mining (NYSE:HL)

Bryce Point Capital LLC acquired a new position in shares of Hecla Mining (NYSE:HL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 303,917 shares of the basic materials company’s stock, valued at approximately $1,492,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hecla Mining in the third quarter worth $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining in the 4th quarter worth about $25,000. GAMMA Investing LLC boosted its stake in shares of Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the period. Principal Securities Inc. bought a new position in Hecla Mining during the 4th quarter valued at about $25,000. Finally, Blue Trust Inc. raised its position in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. HC Wainwright reiterated a “buy” rating and issued a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Roth Mkm decreased their target price on Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. TD Securities cut shares of Hecla Mining from a “buy” rating to a “hold” rating and lowered their price objective for the company from $6.50 to $5.50 in a research report on Tuesday, March 11th. Finally, National Bank Financial raised shares of Hecla Mining to a “hold” rating in a research note on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Hecla Mining presently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CAO Michael L. Clary sold 32,387 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert Krcmarov purchased 6,570 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were acquired at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the transaction, the chief executive officer now directly owns 331,856 shares of the company’s stock, valued at $1,755,518.24. The trade was a 2.02 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 57,915 shares of company stock valued at $300,000. 1.40% of the stock is owned by company insiders.

Hecla Mining Trading Down 1.7 %

Shares of NYSE HL opened at $5.47 on Wednesday. The business has a fifty day moving average price of $5.61 and a 200 day moving average price of $5.83. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. The stock has a market capitalization of $3.45 billion, a P/E ratio of 109.32 and a beta of 1.94.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Equities research analysts expect that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.27%. The ex-dividend date of this dividend was Monday, March 10th. Hecla Mining’s dividend payout ratio is currently 20.00%.

Hecla Mining Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.