Teacher Retirement System of Texas Has $6.02 Million Stock Holdings in Hecla Mining (NYSE:HL)

Teacher Retirement System of Texas boosted its holdings in shares of Hecla Mining (NYSE:HL) by 2.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,225,593 shares of the basic materials company’s stock after buying an additional 24,828 shares during the period. Teacher Retirement System of Texas’ holdings in Hecla Mining were worth $6,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of HL. GAMMA Investing LLC grew its stake in Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the fourth quarter worth approximately $25,000. Principal Securities Inc. purchased a new position in Hecla Mining during the fourth quarter valued at approximately $25,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining in the 3rd quarter valued at approximately $28,000. Finally, Blue Trust Inc. lifted its position in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,961 shares in the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, VP Kurt Allen sold 9,195 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $47,630.10. Following the sale, the vice president now owns 104,512 shares in the company, valued at approximately $541,372.16. This trade represents a 8.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Krcmarov bought 6,570 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the purchase, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 57,915 shares of company stock valued at $300,000 in the last quarter. Insiders own 1.40% of the company’s stock.

Hecla Mining Stock Performance

HL opened at $5.76 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The company has a market cap of $3.64 billion, a PE ratio of 115.12 and a beta of 1.94. The stock has a 50-day moving average of $5.56 and a 200-day moving average of $5.84. Hecla Mining has a 52-week low of $4.23 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. As a group, equities research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $0.02 annualized dividend and a yield of 0.26%. Hecla Mining’s dividend payout ratio (DPR) is presently 20.00%.

Analyst Ratings Changes

Several equities analysts have recently commented on HL shares. Roth Mkm lowered their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. TD Securities lowered Hecla Mining from a “buy” rating to a “hold” rating and reduced their price target for the company from $6.50 to $5.50 in a report on Tuesday, March 11th. Finally, StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.