Oldfield Partners LLP lifted its stake in shares of Hallador Energy Co (NASDAQ:HNRG) by 16.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 155,178 shares of the energy company’s stock after purchasing an additional 21,508 shares during the period. Hallador Energy makes up about 0.1% of Oldfield Partners LLP’s investment portfolio, making the stock its 20th biggest position. Oldfield Partners LLP owned approximately 0.51% of Hallador Energy worth $562,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently made changes to their positions in HNRG. Bessemer Group Inc. acquired a new position in shares of Hallador Energy during the second quarter worth approximately $87,000. Strs Ohio raised its stake in shares of Hallador Energy by 28.6% during the second quarter. Strs Ohio now owns 96,200 shares of the energy company’s stock worth $541,000 after buying an additional 21,400 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Hallador Energy during the second quarter worth approximately $135,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hallador Energy by 20.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,411 shares of the energy company’s stock worth $261,000 after buying an additional 8,011 shares during the last quarter. Finally, Acadian Asset Management LLC raised its stake in shares of Hallador Energy by 14.6% during the second quarter. Acadian Asset Management LLC now owns 612,016 shares of the energy company’s stock worth $3,445,000 after buying an additional 77,810 shares during the last quarter. Institutional investors own 46.35% of the company’s stock.
In other news, Director David C. Hardie bought 30,380 shares of the stock in a transaction on Monday, October 7th. The stock was purchased at an average price of $3.29 per share, with a total value of $99,950.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 33.40% of the stock is currently owned by corporate insiders.
Hallador Energy (NASDAQ:HNRG) last posted its quarterly earnings results on Monday, August 5th. The energy company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.17). The business had revenue of $72.31 million for the quarter, compared to the consensus estimate of $81.30 million. Hallador Energy had a return on equity of 4.27% and a net margin of 2.77%. Equities research analysts predict that Hallador Energy Co will post 0.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend is Wednesday, October 30th. Hallador Energy’s dividend payout ratio (DPR) is 64.00%.
HNRG has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th. ValuEngine raised shares of Hallador Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.
About Hallador Energy
Hallador Energy Company, through its subsidiaries, engages in the mining, production, and sale of steam coal for the electric power generation industry in the United States. The company holds interests in the Oaktown 1 mine underground mine located in Knox County, Indiana; the Oaktown 2 mine located in Knox County, Indiana and Lawrence County, Illinois; Carlisle underground coal mine located near the town of Carlisle, Indiana; and Ace in the Hole mine located near Clay City, Indiana.
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