How Hallador Energy Co (HNRG) Stacks Up Against Its Peers

Consequently, specific money managers have been driving this bullishness. Cove Street Capital, led by Jeffrey Bronchick, initiated the most outsized position in Hallador Energy Co (NASDAQ:HNRG). Cove Street Capital had $2.5 million invested in the company at the end of the quarter. Glenn Russell Dubin’s Highbridge Capital Management also made a $0.2 million investment in the stock during the quarter. The other funds with brand new HNRG positions are Gavin Saitowitz and Cisco J. del Valle’s Springbok Capital and Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital.

Let’s go over hedge fund activity in other stocks similar to Hallador Energy Co (NASDAQ:HNRG). These stocks are RADCOM Ltd. (NASDAQ:RDCM), Concordia Healthcare Corp (NASDAQ:CXRX), Casa Therapeutics Inc (NASDAQ:CARA), and Zagg Inc (NASDAQ:ZAGG). This group of stocks’ market valuations resemble HNRG’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
RDCM 5 28271 5
CXRX 14 36250 -1
CARA 9 12973 1
ZAGG 8 11465 -3

As you can see these stocks had an average of 9 hedge funds with bullish positions and the average amount invested in these stocks was $22 million. That figure was $4 million in HNRG’s case. Concordia Healthcare Corp (NASDAQ:CXRX) is the most popular stock in this table. On the other hand RADCOM Ltd. (NASDAQ:RDCM) is the least popular one with only 5 bullish hedge fund positions. Hallador Energy Co (NASDAQ:HNRG) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard CXRX might be a better candidate to consider taking a long position in.

Disclosure: None