Trek Financial LLC Makes New $2.30 Million Investment in Hecla Mining (NYSE:HL)

Trek Financial LLC acquired a new stake in shares of Hecla Mining (NYSE:HL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 467,439 shares of the basic materials company’s stock, valued at approximately $2,295,000. Trek Financial LLC owned about 0.07% of Hecla Mining at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in Hecla Mining by 771.8% in the fourth 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. Ameliora Wealth Management Ltd. purchased a new stake in Hecla Mining during the 4th quarter valued at $25,000. Principal Securities Inc. bought a new stake in Hecla Mining in the 4th quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining in the third quarter valued at about $28,000. Finally, Blue Trust Inc. raised its stake in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after acquiring an additional 1,961 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Insider Buying and Selling

In related news, CFO Russell Douglas Lawlar sold 16,333 shares of the company’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 value of $84,604.94. Following the transaction, the chief financial officer now directly owns 297,983 shares of the company’s stock, valued at approximately $1,543,551.94. This represents a 5.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Krcmarov purchased 6,570 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have sold 57,915 shares of company stock worth $300,000 in the last 90 days. Insiders own 1.40% of the company’s stock.

Hecla Mining Price Performance

HL opened at $4.71 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 94.12 and a beta of 1.77. The stock has a fifty day simple moving average of $5.60 and a two-hundred day simple moving average of $5.80. Hecla Mining has a 12-month low of $4.41 and a 12-month high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Research analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.0038 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.32%. Hecla Mining’s dividend payout ratio is currently 20.00%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a report on Friday, March 21st. Roth Mkm cut their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Finally, TD Securities lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and cut their target price for the company from $6.50 to $5.50 in a research note on Tuesday, March 11th. Five equities research 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

Hecla Mining Company 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.