HNRG HALLADOR ENERGY CO Insider Trading

Director Charles Ray Iv Wesley buys 15,000 HNRG shares at $16.69; holdings rise to 338,469 shares with 3 of 5 prior buys well-timed at 90-day mark.

Charles Ray Iv Wesley, a director, purchased 15,000 shares of Hallador Energy at $16.69, increasing his holdings by 4.6% to 338,469 shares. His same-ticker purchase history at HNRG shows a 3 of 5 prior buys were well-timed at the 90-day mark, including a 2024-09-06 buy that returned +109.0% at 90 days and a 2025-04-07 buy that returned +55.8% at 90 days. Against this backdrop, the current stock price of $17.67 sits -28.5% from the 52-week high of $24.70, suggesting a materially lower entry point than recent extremes. The company is reporting trailing-quarter revenue of $101,807,000.00 but net income of -$9,321,000.00, alongside a P/E of 36.81 and annual revenue growth of +16.1%, creating a mixed fundamental picture that warrants monitoring of execution risk.

Director Wesley Charles Ray IV bought 20,000 shares of HNRG at $17.83 on 2025-12-17; 4 of 4 prior buys at this ticker were well-timed at 90d mark.

Wesley Charles Ray IV, a Director, purchased 20,000 shares at $17.83, increasing his holdings by 8.1% to 267.9K shares. His prior trade history at HNRG shows a strong timing pattern: the four preceding purchases (2024-08-16, 2024-09-06, 2025-04-07, 2025-08-19) each generated positive 90-day returns of 10.8%, 77.4%, 45.6%, and 25.5% respectively, with all four well-timed. His cross-ticker track record across all open-market activity shows 7 prior buys averaging 90-day returns of +70.2% with a 100.00% win rate. However, this context is tempered by current fundamentals: the company posted full-year net income negative, annual revenue declined 36.3%, and the stock has fallen 19.0% from its 52-week high and 7.4% over the past 30 days. The repeat buying pattern at favorable entry points aligns with the director's demonstrated historical execution, but deteriorating annual profitability and persistent near-term weakness present material headwinds.

Director Wesley Charles Ray IV buys 13,000 shares of HNRG at $19.28; prior 5 trades at this ticker were all well-timed at 90-day mark.

Director Wesley Charles Ray IV purchased 13,000 shares at $19.28, expanding his stake to 247,914 shares (+5.5% from prior holdings of 234,914 shares). This transaction is notable because across his five prior open-market purchases at HNRG, all five trades delivered positive 90-day returns (range +32.6% to +132.1%), with a timing pattern of 100% well-timed buys. His cross-ticker track record shows an average 90-day return of +70.2% across 6 prior buys with a 100% win rate. However, the current fundamental backdrop presents a significant caveat: HALLADOR ENERGY reported annual revenue growth of -36.3% year-over-year and was unprofitable over its most recent full fiscal year, despite reporting $23.9M net income in the latest quarter. At $19.21 current price, the stock is -19.3% from its 52-week high but +18.6% over 90 days, trading in a range of $8.60–$23.81. The director's consistent execution timing at this ticker contrasts sharply with deteriorating annual fundamentals, creating a tension between historical insider transaction timing and near-term revenue and profitability headwinds that warrants investor scrutiny.

Director Hardie sold 100,000 shares (82.6% of holdings) at $19.76, reducing stake to 21,072 shares

David C. Hardie executed 2 separate sales on 2025-10-01, totaling 100,000 shares for $1,975,960.00 at a blended average price of $19.76, reducing his holdings by 82.6% to 21,072 shares. This is a material liquidation by a director at a company with deteriorating fundamentals: annual revenue growth of -36.3%, full-year net income was negative, and the company is trading near its 52-week range ($8.60–$21.22). While the current price of $19.28 is near the transaction price, the director has sold at valuations elevated from the trough and prior weak fundamentals, coinciding with a sharp 30-day (+18.0%) and 90-day (+19.0%) price bounce. His cross-ticker track record shows a 100.00% well-timed sell rate (14 prior sells with average 90-day returns of -14.1%), but his recent trading pattern at HNRG itself shows 5 consecutive sells over a 4-day window (2025-09-26 through 2025-09-30), outcomes not yet measurable. The scale of this single-day reduction warrants attention to whether the director is signaling diminished confidence or responding to operational headwinds at a company in financial distress.

Director Hardie sold 173.8K shares (79.0% of holdings) for $3.4M at avg $19.58 on 2025-09-29 & 2025-09-30

David C Hardie, Director, executed 4 separate sales totaling 173,783 shares for $3,402,567.90, reducing his holdings from 219,855 shares to 46,072 shares—a 79.0% reduction in his position. The sales occurred at $19.65 and $19.53 per share on September 29–30, 2025, during a period when the stock was trading within 6.0% of its 52-week high ($21.22). The company's fundamentals show significant stress: annual revenue declined 36.3%, the company was unprofitable over its most recent full fiscal year with negative full-year net income, and Q4 net income of $8.2M on $102.9M quarterly revenue masks the broader operational deterioration. Hardie's cross-ticker track record demonstrates a 100.00% well-timed sell rate (12 prior sales with -14.5% average 30-day return and -14.1% average 90-day return), suggesting his historical pattern of selling before declines, though prior trades at HNRG are too recent to measure outcomes.

Director David C. Hardie sold 112,850 shares (55.8% of holdings) for $2.2M across 4 transactions at HNRG.

David C. Hardie, a Director of Hallador Energy, executed 4 separate sales totaling 112,850 shares for $2,186,856.33 at an average price of $19.38, reducing his holdings from 202,368 to 89,518 shares. The company faces significant headwinds: annual revenue declined 36.3% year-over-year, it was unprofitable on a full-year basis despite recent quarterly profitability of $8.2M, and the stock is currently trading 8.8% below its 52-week high. The substantial reduction in a director's stake—over half his position liquidated in two days—warrants attention against this backdrop of revenue contraction and historical unprofitability, particularly as the sector context and company fundamentals remain weak.

Director Hardie sells 85,429 shares for $1.6M at avg $19.24; post-sale stake shrinks 42.1% to 117.7K shares

David C. Hardie, a director at Hallador Energy, executed 4 separate sales totaling 85,429 shares for $1,643,409.45 on September 22–23, 2025, at an average price of $19.24. His remaining stake dropped sharply from 203.2K to 117.7K shares—a reduction of 42.1%. This occurs while the stock trades near its 52-week high of $21.22, and the 30-day and 90-day returns are both strongly positive (+16.4% and +24.6% respectively). Hardie's prior sales at this ticker (May 2025) demonstrated well-timed exit patterns, with negative returns at the 90-day horizon. The company faces headwinds: revenue declined 36.3% year-over-year, it was unprofitable on a full-year basis despite recent quarterly earnings, and market cap stands at $813.3M. The scale and timing of this divestiture—liquidating over two-fifths of a substantial director holding near a 52-week peak—warrant close attention to whether market conditions or business fundamentals triggered the transaction.

Director Wesley Charles Ray IV buys 20,000 HNRG shares at $15.27; stock down 29.2% from 52-week high amid -36.3% annual revenue decline.

Director Wesley Charles Ray IV purchased 20,000 shares at $15.27, increasing his stake to 234,914 shares and representing a 9.3% increase in holdings. His prior trades at HNRG show a strong 5-of-5 well-timed pattern at the 90-day horizon, with returns ranging from +43.8% to +132.1%, which context makes this purchase noteworthy. However, the company faces material headwinds: annual revenue declined 36.3% year-over-year, it was unprofitable over its most recent full fiscal year, and the stock has fallen 29.2% from its 52-week high. The buy occurs at a significant discount to the trading range peak, though the stock is also down 22.5% over the prior 90 days, creating tension between the insider's positive historical timing and the company's deteriorating fundamentals.

Director David C. Hardie sells 97,837 shares of HNRG at $19.05; stock at 52-week high amid 58.2% 90-day gain, company -36.3% revenue decline YoY.

Director David C. Hardie sold 97,837 shares across 2 separate transactions totaling $1,863,618.75 at $19.05 per share on 2025-05-19. The sale reduced his holdings by 41.3%, from 236,926 shares to 139,089 shares, executed when the stock trades at its 52-week high of $19.40 following a 58.2% 90-day gain and 42.4% 30-day surge. This significant disposition occurs against deteriorating company fundamentals: annual revenue contracted 36.3% year-over-year to $117.8M, the company posted negative full-year net income, and market cap stands at $833.7M. The timing and scale of this director-level divestiture alongside severe revenue declines and full-year unprofitability warrant investor attention to whether this represents a reassessment of enterprise prospects.

Director Gray Zarrell Thomas bought 9,000 shares of HNRG at $13.60 for $122,400 on 2025-04-10, continuing pattern of 5 prior well-timed buys.

Director Gray Zarrell Thomas purchased 9,000 shares at $13.60, expanding his holdings by 17.6% to 60,000 shares. This purchase continues a pronounced pattern at Hallador Energy: all 5 of his prior HNRG transactions (between August 22–29, 2024) proved well-timed on the 90-day horizon, with returns ranging from +88.5% to +125.2%. His cross-ticker track record also reflects strength—10 prior open-market buys averaged +23.7% return at 30 days and +82.7% at 90 days with a 90% win rate. The timing in the current purchase is notable: the stock has risen +35.8% over the past 30 days and is trading at -1.0% from its 52-week high of $13.49, suggesting the director is buying near recent strength. However, fundamental conditions remain challenging: the company reported full-year net loss, annual revenue contracted -36.3%, and the latest quarterly net income was only $1.6M on $105.0M revenue. Investors should weigh the director's demonstrated pattern of successful timing against the company's negative earnings trajectory.