52,705 Shares in Hecla Mining (NYSE:HL) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd acquired a new stake in Hecla Mining (NYSE:HL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 52,705 shares of the basic materials company’s stock, valued at approximately $259,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Hecla Mining in the 3rd quarter worth $28,000. Ameliora Wealth Management Ltd. acquired a new stake in Hecla Mining during the fourth quarter worth about $25,000. GAMMA Investing LLC boosted its holdings in Hecla Mining by 771.8% in the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $25,000. Finally, Blue Trust Inc. increased its holdings in shares of Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,961 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In related news, CAO Michael L. Clary sold 32,387 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at $1,276,559.20. This trade represents a 11.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Krcmarov purchased 6,570 shares of the business’s stock in a transaction on Wednesday, February 19th. The shares were purchased at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares of the company’s stock, valued at $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 57,915 shares of company stock valued at $300,000 over the last three months. 1.40% of the stock is owned by corporate insiders.

Hecla Mining Stock Down 3.7 %

Shares of Hecla Mining stock opened at $5.67 on Monday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 52-week low of $4.41 and a 52-week high of $7.68. The company has a market capitalization of $3.58 billion, a P/E ratio of 113.32 and a beta of 1.94. The company has a 50 day moving average of $5.61 and a 200 day moving average of $5.84.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The firm had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. As a group, research analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.26%. The ex-dividend date was Monday, March 10th. Hecla Mining’s payout ratio is 20.00%.

Analysts Set New Price Targets

Several research firms have issued reports on HL. National Bank Financial raised Hecla Mining to a “hold” rating in a research note on Friday, March 21st. Roth Mkm dropped their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research report on Tuesday, February 18th. HC Wainwright reissued a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research report on Friday, February 14th. TD Securities lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and cut their price target for the stock from $6.50 to $5.50 in a research note on Tuesday, March 11th. Finally, StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Hecla Mining currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

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.