Don't Ignore The Insider Selling In Hallador Energy

Simply Wall St

We wouldn't blame Hallador Energy Company (NASDAQ:HNRG) shareholders if they were a little worried about the fact that David Hardie, the Independent Director recently netted about US$547k selling shares at an average price of US$19.38. That sale reduced their total holding by 24% which is hardly insignificant, but far from the worst we've seen.

Hallador Energy Insider Transactions Over The Last Year

Notably, that recent sale by Independent Director David Hardie was not the only time they sold Hallador Energy shares this year. They previously made an even bigger sale of -US$579k worth of shares at a price of US$19.05 per share. So it's clear an insider wanted to take some cash off the table, even below the current price of US$19.57. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. We note that the biggest single sale was only 18% of David Hardie's holding.

Over the last year, we can see that insiders have bought 39.00k shares worth US$532k. On the other hand they divested 79.95k shares, for US$1.5m. David Hardie sold a total of 79.95k shares over the year at an average price of US$19.22. The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

See our latest analysis for Hallador Energy

NasdaqCM:HNRG Insider Trading Volume October 1st 2025

I will like Hallador Energy better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Insider Ownership

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 7.0% of Hallador Energy shares, worth about US$58m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At Hallador Energy Tell Us?

Unfortunately, there has been more insider selling of Hallador Energy stock, than buying, in the last three months. Zooming out, the longer term picture doesn't give us much comfort. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hallador Energy. For example, Hallador Energy has 2 warning signs (and 1 which is potentially serious) we think you should know about.

But note: Hallador Energy may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE and low debt.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.