Dynamic Technology Lab Private Ltd Has $376,000 Stock Position in Hecla Mining (NYSE:HL)

Dynamic Technology Lab Private Ltd trimmed its position in Hecla Mining (NYSE:HL) by 68.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,690 shares of the basic materials company’s stock after selling 166,499 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Hecla Mining were worth $376,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Captrust Financial Advisors acquired a new position in shares of Hecla Mining during the 3rd quarter worth about $71,000. Verition Fund Management LLC lifted its holdings in shares of Hecla Mining by 43.8% during the 3rd quarter. Verition Fund Management LLC now owns 47,672 shares of the basic materials company’s stock valued at $318,000 after purchasing an additional 14,521 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Hecla Mining during the 3rd quarter valued at about $170,000. Quantinno Capital Management LP lifted its holdings in shares of Hecla Mining by 27.9% during the 3rd quarter. Quantinno Capital Management LP now owns 16,932 shares of the basic materials company’s stock valued at $113,000 after purchasing an additional 3,691 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in Hecla Mining by 1.3% in the 3rd quarter. National Bank of Canada FI now owns 1,140,528 shares of the basic materials company’s stock valued at $7,607,000 after acquiring an additional 14,664 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Hecla Mining stock opened at $5.28 on Thursday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $3.34 billion, a PE ratio of 105.62 and a beta of 1.77. Hecla Mining has a 12 month low of $4.41 and a 12 month high of $7.68. The stock has a 50-day moving average price of $5.54 and a two-hundred day moving average price of $5.75.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $249.66 million during 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%. Analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.0038 per share. The ex-dividend date was Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.28%. Hecla Mining’s dividend payout ratio is currently 20.00%.

Insider Buying and Selling

In other news, CFO Russell Douglas Lawlar sold 16,333 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $84,604.94. Following the transaction, the chief financial officer now owns 297,983 shares in the company, valued at $1,543,551.94. This trade represents a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the completion of the transaction, the vice president now owns 104,512 shares in the company, valued at $541,372.16. This represents a 8.09 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock valued at $300,000 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.