Hillsdale Investment Management Inc. Invests $2.66 Million in Hallador Energy Company $HNRG

Hillsdale Investment Management Inc. bought a new position in Hallador Energy Company (NASDAQ:HNRG) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 139,700 shares of the energy company’s stock, valued at approximately $2,660,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HNRG. Raymond James Financial Inc. purchased a new stake in shares of Hallador Energy in the 2nd quarter worth about $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Hallador Energy by 11,110.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,130 shares of the energy company’s stock worth $34,000 after purchasing an additional 2,111 shares during the period. USA Financial Formulas purchased a new stake in shares of Hallador Energy in the 4th quarter worth about $42,000. Tower Research Capital LLC TRC lifted its position in shares of Hallador Energy by 294.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,180 shares of the energy company’s stock worth $50,000 after purchasing an additional 2,374 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of Hallador Energy in the 2nd quarter worth about $134,000. 61.38% of the stock is owned by hedge funds and other institutional investors.

Hallador Energy Stock Performance

NASDAQ:HNRG opened at $19.26 on Monday. The firm has a market cap of $907.72 million, a P/E ratio of 36.34 and a beta of 0.22. Hallador Energy Company has a fifty-two week low of $14.42 and a fifty-two week high of $24.70. The firm has a 50-day simple moving average of $17.04 and a two-hundred day simple moving average of $18.62.

Hallador Energy (NASDAQ:HNRG) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). The firm had revenue of $101.81 million for the quarter, compared to the consensus estimate of $102.28 million. Hallador Energy had a net margin of 4.98% and a return on equity of 14.25%. On average, equities research analysts predict that Hallador Energy Company will post 0.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HNRG. Jefferies Financial Group raised shares of Hallador Energy from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 26th. Wall Street Zen raised shares of Hallador Energy from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 23rd. Northland Securities increased their price target on shares of Hallador Energy from $29.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, March 26th. Weiss Ratings upgraded shares of Hallador Energy from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Finally, B. Riley Financial upgraded shares of Hallador Energy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $23.00 to $27.00 in a research note on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $26.63.

About Hallador Energy

Hallador Energy Company is a coal producer and mine operator trading on NASDAQ under the symbol HNRG. The company’s primary business activities center on the production and sale of bituminous thermal coal. Hallador’s operations encompass two surface mines: the Shoal Creek Mine located in southwestern Indiana and the Bull Mountain Mine situated in eastern Montana. Both sites are designed to extract high-quality coal reserves for the power generation market.

Hallador Energy markets its coal primarily to electric utilities and industrial customers across the United States.