Sage Investment Counsel LLC Acquires New Shares in Hallador Energy (NASDAQ:HNRG)

Sage Investment Counsel LLC acquired a new stake in Hallador Energy (NASDAQ:HNRG) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 14,000 shares of the energy company’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quantinno Capital Management LP bought a new position in Hallador Energy in the 3rd quarter valued at approximately $96,000. Janus Henderson Group PLC purchased a new stake in Hallador Energy during the 3rd quarter valued at $119,000. Bleakley Financial Group LLC purchased a new stake in Hallador Energy during the 4th quarter valued at $171,000. Aspiriant LLC purchased a new stake in Hallador Energy during the 4th quarter valued at $179,000. Finally, Peloton Wealth Strategists purchased a new stake in Hallador Energy during the 4th quarter valued at $218,000. 61.38% of the stock is owned by institutional investors.

Hallador Energy Trading Up 0.7 %

NASDAQ:HNRG opened at $9.66 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.58 and a quick ratio of 0.17. The firm has a market capitalization of $411.68 million, a price-to-earnings ratio of -17.56 and a beta of 0.66. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The business has a fifty day moving average price of $11.36 and a 200-day moving average price of $10.15.

Analyst Ratings Changes

A number of brokerages have weighed in on HNRG. Alliance Global Partners began coverage on shares of Hallador Energy in a research note on Monday, December 9th. They set a “buy” rating and a $17.00 target price for the company. B. Riley boosted their target price on shares of Hallador Energy from $9.00 to $13.00 and gave the company a “buy” rating in a research note on Wednesday, November 13th.

Insider Transactions at Hallador Energy

In other news, Director David C. Hardie sold 18,775 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $13.02, for a total value of $244,450.50. Following the completion of the sale, the director now directly owns 2,022,713 shares in the company, valued at $26,335,723.26. This represents a 0.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 32.30% of the stock is currently owned by company insiders.

About Hallador Energy

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.