Insider Buying: Hallador Energy (NASDAQ:HNRG) Director Buys 2,100 Shares of Stock

Hallador Energy (NASDAQ:HNRG) Director Charles Ray Iv Wesley bought 2,100 shares of Hallador Energy stock in a transaction dated Thursday, March 21st. The stock was acquired at an average cost of $5.25 per share, for a total transaction of $11,025.00. Following the completion of the acquisition, the director now directly owns 110,302 shares in the company, valued at $579,085.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Hallador Energy Stock Up 3.4 %

Shares of NASDAQ:HNRG opened at $5.21 on Thursday. The company has a 50 day moving average of $7.49 and a 200-day moving average of $10.45. Hallador Energy has a one year low of $4.50 and a one year high of $15.79. The stock has a market cap of $181.72 million, a price-to-earnings ratio of 4.17 and a beta of 0.46. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.58 and a quick ratio of 0.19.

Wall Street Analyst Weigh In

HNRG has been the topic of several research reports. TheStreet downgraded shares of Hallador Energy from a “b-” rating to a “c” rating in a research report on Wednesday, March 20th. StockNews.com cut Hallador Energy from a “buy” rating to a “hold” rating in a research note on Friday, March 15th.

Institutional Trading of Hallador Energy

Institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. grew its stake in shares of Hallador Energy by 30.5% during the first quarter. American Century Companies Inc. now owns 17,093 shares of the energy company’s stock worth $60,000 after purchasing an additional 3,996 shares during the period. Dimensional Fund Advisors LP grew its holdings in Hallador Energy by 56.1% during the first quarter. Dimensional Fund Advisors LP now owns 378,727 shares of the energy company’s stock valued at $1,326,000 after purchasing an additional 136,092 shares during the period. Charles Schwab Investment Management Inc. bought a new position in shares of Hallador Energy during the first quarter worth $52,000. Invesco Ltd. acquired a new position in shares of Hallador Energy in the 1st quarter valued at approximately $230,000. Finally, State Street Corp boosted its position in shares of Hallador Energy by 48.1% during the first quarter. State Street Corp now owns 84,467 shares of the energy company’s stock worth $296,000 after buying an additional 27,431 shares during the period. Institutional investors own 61.38% of the company’s stock.

Hallador Energy Company Profile

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.