Hallador Energy Co. (NASDAQ:HNRG) announced a quarterly dividend on Tuesday, October 18th. Shareholders of record on Monday, October 31st will be given a dividend of 0.04 per share on Friday, November 18th. This represents a $0.16 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend is Thursday, October 27th.
Hallador Energy (NASDAQ:HNRG) traded up 2.29% during midday trading on Tuesday, reaching $8.05. The company’s stock had a trading volume of 278,985 shares. The company has a market capitalization of $235.46 million, a P/E ratio of 13.51 and a beta of 0.03. The company has a 50 day moving average of $7.38 and a 200-day moving average of $5.45. Hallador Energy has a 1-year low of $3.95 and a 1-year high of $8.70.
In other Hallador Energy news, insider Brent K. Bilsland sold 123,586 shares of the business’s stock in a transaction dated Friday, September 9th. The stock was sold at an average price of $7.12, for a total transaction of $879,932.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 55.66% of the stock is owned by corporate insiders.
A number of large investors have recently bought and sold shares of the stock. HighTower Advisors LLC increased its stake in Hallador Energy by 13.2% in the second quarter. HighTower Advisors LLC now owns 42,800 shares of the company’s stock worth $198,000 after buying an additional 5,000 shares during the period. Martingale Asset Management L P increased its stake in Hallador Energy by 1.5% in the second quarter. Martingale Asset Management L P now owns 87,900 shares of the company’s stock worth $407,000 after buying an additional 1,277 shares during the period. Menta Capital LLC increased its stake in Hallador Energy by 0.3% in the second quarter. Menta Capital LLC now owns 96,610 shares of the company’s stock worth $446,000 after buying an additional 283 shares during the period. Eagle Global Advisors LLC increased its stake in Hallador Energy by 114.2% in the second quarter. Eagle Global Advisors LLC now owns 35,070 shares of the company’s stock worth $162,000 after buying an additional 18,700 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in Hallador Energy during the second quarter worth about $232,000. 51.74% of the stock is owned by hedge funds and other institutional investors.
HNRG has been the subject of several analyst reports. Zacks Investment Research upgraded Hallador Energy from a “hold” rating to a “strong-buy” rating and set a $6.50 target price for the company in a research note on Thursday, August 11th. FBR & Co reiterated an “outperform” rating and issued a $8.00 target price (up from $7.00) on shares of Hallador Energy in a research note on Thursday, October 13th.
About Hallador Energy
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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