Chartwell Investment Partners LLC reduced its stake in shares of Hallador Energy Company (NASDAQ:HNRG) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,434 shares of the energy company’s stock after selling 5,000 shares during the period. Chartwell Investment Partners LLC owned approximately 0.94% of Hallador Energy worth $2,148,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Hallador Energy by 10.7% in the first quarter. PNC Financial Services Group Inc. now owns 47,529 shares of the energy company’s stock valued at $380,000 after buying an additional 4,579 shares during the period. TFS Capital LLC increased its position in shares of Hallador Energy by 21.5% in the first quarter. TFS Capital LLC now owns 36,680 shares of the energy company’s stock valued at $294,000 after buying an additional 6,488 shares during the period. BlueCrest Capital Management Ltd acquired a new position in shares of Hallador Energy during the first quarter valued at approximately $125,000. Rhumbline Advisers acquired a new position in shares of Hallador Energy during the second quarter valued at approximately $130,000. Finally, Algert Global LLC acquired a new position in shares of Hallador Energy during the first quarter valued at approximately $142,000. 55.72% of the stock is currently owned by institutional investors.
Shares of Hallador Energy Company (NASDAQ HNRG) opened at 5.61 on Wednesday. Hallador Energy Company has a one year low of $5.35 and a one year high of $10.40. The firm has a 50 day moving average price of $7.10 and a 200 day moving average price of $7.71. The stock has a market capitalization of $166.97 million, a PE ratio of 20.55 and a beta of -0.61.
Hallador Energy (NASDAQ:HNRG) last announced its quarterly earnings results on Tuesday, August 8th. The energy company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.13. Hallador Energy had a net margin of 3.13% and a return on equity of 11.19%. The company had revenue of $64.31 million during the quarter, compared to analyst estimates of $64.20 million. Analysts predict that Hallador Energy Company will post $0.48 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, July 31st were issued a $0.04 dividend. The ex-dividend date was Thursday, July 27th. This represents a $0.16 annualized dividend and a yield of 2.85%. Hallador Energy’s dividend payout ratio is currently 59.26%.
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Several brokerages have commented on HNRG. Zacks Investment Research raised Hallador Energy from a “sell” rating to a “hold” rating in a research report on Tuesday, August 15th. ValuEngine cut Hallador Energy from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th.
About Hallador Energy
Hallador Energy Company is an oil and gas exploration company focused on developing coal reserves in the Illinois Basin. The Company, through its subsidiary, Sunrise Coal, LLC, is engaged in coal mining in the state of Indiana serving the electric power generation industry. Its projects include Carlisle Mine, Ace in the Hole Mine, Oaktown 1 Mine, Oaktown 2 Mine and Bulldog Mine.
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