Centiva Capital LP Sells 121,505 Shares of Hecla Mining (NYSE:HL)

Centiva Capital LP reduced its holdings in shares of Hecla Mining (NYSE:HL) by 63.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 68,904 shares of the basic materials company’s stock after selling 121,505 shares during the period. Centiva Capital LP’s holdings in Hecla Mining were worth $338,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HL. Barclays PLC lifted its stake in shares of Hecla Mining by 317.4% during the 3rd quarter. Barclays PLC now owns 909,811 shares of the basic materials company’s stock worth $6,069,000 after acquiring an additional 691,862 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Hecla Mining by 2,757.4% during the 3rd quarter. Franklin Resources Inc. now owns 460,610 shares of the basic materials company’s stock worth $3,017,000 after acquiring an additional 444,490 shares during the last quarter. GAMMA Investing LLC lifted 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 acquiring an additional 4,438 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in shares of Hecla Mining during the 4th quarter worth approximately $49,000. Finally, M.E. Allison & CO. Inc. bought a new stake in shares of Hecla Mining during the 4th quarter worth approximately $49,000. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

Shares of HL stock opened at $5.16 on Monday. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The stock’s 50-day moving average is $5.51 and its 200 day moving average is $5.55. The company has a market cap of $3.26 billion, a P/E ratio of 103.22 and a beta of 1.57. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The company had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. During the same period in the previous year, the business earned ($0.01) EPS. Hecla Mining’s revenue for the quarter was up 37.9% compared to the same quarter last year. Research analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be paid a dividend of $0.0038 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is 9.09%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Securities decreased their price target on Hecla Mining from $6.00 to $5.00 and set a “hold” rating for the company in a research note on Monday, May 5th. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Roth Mkm dropped 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. National Bank Financial raised Hecla Mining to a “hold” rating in a research report on Friday, March 21st. Finally, BMO Capital Markets reissued a “market perform” rating and set a $5.50 price target (down previously from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $7.20.

Insider Buying and Selling

In other Hecla Mining news, Director Catherine J. Boggs bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of $4.99 per share, for a total transaction of $99,800.00. Following the purchase, the director now directly owns 348,169 shares in the company, valued at $1,737,363.31. This represents a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Michael L. Clary sold 32,387 shares of the business’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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 57,915 shares of company stock worth $300,000 in the last ninety days. 0.62% of the stock is owned by insiders.

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.