Deutsche Bank AG Purchases 4,872 Shares of Hallador Energy (NASDAQ:HNRG)

Deutsche Bank AG increased its position in Hallador Energy (NASDAQ:HNRG) by 36.5% during the fourth quarter, Holdings Channel reports. The firm owned 18,207 shares of the energy company’s stock after buying an additional 4,872 shares during the quarter. Deutsche Bank AG’s holdings in Hallador Energy were worth $208,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of HNRG. Legal & General Group Plc raised its holdings in shares of Hallador Energy by 23.5% in the 4th quarter. Legal & General Group Plc now owns 7,539 shares of the energy company’s stock valued at $86,000 after purchasing an additional 1,435 shares during the period. XTX Topco Ltd bought a new stake in shares of Hallador Energy in the 4th quarter valued at about $121,000. Intech Investment Management LLC bought a new stake in shares of Hallador Energy in the 4th quarter valued at about $156,000. Sage Investment Counsel LLC bought a new stake in shares of Hallador Energy in the 4th quarter valued at about $160,000. Finally, Wells Fargo & Company MN raised its holdings in shares of Hallador Energy by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 14,855 shares of the energy company’s stock valued at $170,000 after purchasing an additional 3,235 shares during the period. 61.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HNRG has been the topic of a number of research analyst reports. Northland Capmk raised shares of Hallador Energy to a “strong-buy” rating in a report on Monday, May 19th. Northland Securities began coverage on shares of Hallador Energy in a research note on Monday, May 19th. They issued an “outperform” rating and a $23.00 price target on the stock. B. Riley upped their price target on shares of Hallador Energy from $13.00 to $15.00 and gave the company a “buy” rating in a research note on Tuesday, April 1st. Finally, Wall Street Zen lowered shares of Hallador Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $18.33.

Insiders Place Their Bets

In related news, Director David C. Hardie sold 97,837 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $19.05, for a total transaction of $1,863,794.85. Following the sale, the director now owns 139,089 shares in the company, valued at approximately $2,649,645.45. This trade represents a 41.29% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 23.73% of the company’s stock.

Hallador Energy Stock Performance

Shares of NASDAQ:HNRG opened at $17.54 on Tuesday. The company’s 50 day moving average price is $14.95 and its two-hundred day moving average price is $12.72. Hallador Energy has a 12-month low of $4.86 and a 12-month high of $19.71. The firm has a market cap of $753.80 million, a PE ratio of -31.89 and a beta of 0.42. The company has a quick ratio of 0.17, a current ratio of 0.58 and a debt-to-equity ratio of 0.16.

Hallador Energy (NASDAQ:HNRG) last announced its earnings results on Monday, May 12th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. Hallador Energy had a negative net margin of 4.85% and a negative return on equity of 6.71%. The firm had revenue of $117.79 million for the quarter, compared to analyst estimates of $98.70 million. Equities research analysts predict that Hallador Energy will post -0.31 earnings per share for the current year.

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.