Investors Buy High Volume of Hallador Energy Call Options (NASDAQ:HNRG)

Hallador Energy (NASDAQ:HNRG) saw some unusual options trading activity on Monday. Investors purchased 3,454 call options on the stock. This is an increase of 132% compared to the typical daily volume of 1,490 call options.

Hallador Energy Trading Up 4.6 %

HNRG traded up $0.51 during trading on Monday, reaching $11.62. 223,245 shares of the company’s stock were exchanged, compared to its average volume of 505,314. Hallador Energy has a one year low of $4.33 and a one year high of $14.00. The company has a current ratio of 0.58, a quick ratio of 0.17 and a debt-to-equity ratio of 0.16. The stock has a market capitalization of $495.21 million, a PE ratio of -21.24 and a beta of 0.55. The firm has a fifty day moving average price of $10.98 and a two-hundred day moving average price of $10.44.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on shares of Hallador Energy in a report on Monday, December 9th. They set a “buy” rating and a $17.00 price target on the stock.

Institutional Investors Weigh In On Hallador Energy

A number of institutional investors have recently modified their holdings of HNRG. Legal & General Group Plc boosted its stake 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 last quarter. Quantinno Capital Management LP bought a new stake in shares of Hallador Energy in the 3rd quarter valued at $96,000. Janus Henderson Group PLC bought a new stake in shares of Hallador Energy in the 3rd quarter valued at $119,000. XTX Topco Ltd acquired a new position in shares of Hallador Energy during the 4th quarter valued at $121,000. Finally, Intech Investment Management LLC acquired a new position in shares of Hallador Energy during the 4th quarter valued at $156,000. 61.38% of the stock is owned by institutional investors.

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.