Confluence Investment Management LLC bought a new position in Hallador Energy Co. (NASDAQ:HNRG) during the second quarter, Holdings Channel reports. The firm bought 38,412 shares of the company’s stock, valued at approximately $177,000.
Other hedge funds have also recently bought and sold shares of the company. BlackRock Fund Advisors raised its stake in Hallador Energy by 2.0% in the first quarter. BlackRock Fund Advisors now owns 286,225 shares of the company’s stock worth $1,308,000 after buying an additional 5,693 shares during the period. Menta Capital LLC boosted its position in Hallador Energy by 9.4% in the first quarter. Menta Capital LLC now owns 96,327 shares of the company’s stock worth $440,000 after buying an additional 8,294 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in Hallador Energy by 9.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 147,238 shares of the company’s stock worth $673,000 after buying an additional 12,480 shares in the last quarter. State Street Corp boosted its position in Hallador Energy by 12.3% in the first quarter. State Street Corp now owns 145,980 shares of the company’s stock worth $669,000 after buying an additional 15,983 shares in the last quarter. Finally, S&CO Inc. bought a new position in Hallador Energy during the second quarter worth approximately $102,000. 51.73% of the stock is currently owned by institutional investors and hedge funds.
Hallador Energy Co. (NASDAQ:HNRG) traded up 3.66% during trading on Thursday, reaching $7.94. 236,169 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $6.82 and its 200-day moving average is $5.21. The company has a market cap of $232.25 million, a P/E ratio of 13.32 and a beta of 0.08. Hallador Energy Co. has a 12-month low of $3.95 and a 12-month high of $8.70.
Separately, Zacks Investment Research raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $5.25 price target for the company in a research note on Monday, July 11th.
In other news, insider Brent K. Bilsland sold 123,586 shares of Hallador Energy stock in a transaction that occurred on Friday, September 9th. The shares were sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 55.66% of the company’s stock.
Hallador Energy Company Profile
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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