23 hours Ago By Defense World Staff
Renaissance Technologies LLC decreased its position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA – Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The fund owned 90,788 shares of the asset manager’s stock after selling 2,900 shares during the period. Renaissance Technologies LLC owned 1.17% of Hennessy Advisors worth $1,158,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in shares of Hennessy Advisors by 35.5% in the 3rd quarter.
Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after buying an additional 11,877 shares in the last quarter. Allworth Financial LP bought a new position in shares of Hennessy Advisors during the 4th quarter valued at $336,000. Navellier & Associates Inc.
acquired a new stake in shares of Hennessy Advisors in the 4th quarter valued at $605,000. Perigon Wealth Management LLC boosted its holdings in Hennessy Advisors by 33.1% in the fourth quarter.
Perigon Wealth Management LLC now owns 63,798 shares of the asset manager’s stock worth $778,000 after purchasing an additional 15,882 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its holdings in Hennessy Advisors by 1.
7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager’s stock valued at $671,000 after buying an additional 875 shares in the last quarter.
Hedge funds and other institutional investors own 10.31% of the company’s stock. Insider ActivityIn related news, CFO Kathryn Fahy sold 8,000 shares of the stock in a transaction that occurred on Thursday, February 27th.
The stock was sold at an average price of $11.07, for a total transaction of $88,560.00.
Following the completion of the sale, the chief financial officer now owns 74,211 shares in the company, valued at $821,515.77. This represents a 9.
73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 37.
40% of the stock is currently owned by company insiders. Hennessy Advisors Stock PerformanceHNNA opened at $11.00 on Wednesday.
The stock has a 50-day moving average of $10.35 and a 200-day moving average of $11.10.
The company has a debt-to-equity ratio of 0.42, a quick ratio of 18.29 and a current ratio of 18.
29. Hennessy Advisors, Inc. has a 52-week low of $6.
60 and a 52-week high of $13.88. The company has a market cap of $85.
62 million, a PE ratio of 9.82 and a beta of 0.71.
Hennessy Advisors (NASDAQ:HNNA – Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 EPS for the quarter.
Hennessy Advisors had a return on equity of 9.60% and a net margin of 26.29%.
The company had revenue of $9.71 million for the quarter. Hennessy Advisors Cuts DividendThe firm also recently declared a quarterly dividend, which was paid on Thursday, March 6th.
Stockholders of record on Monday, February 24th were given a $0.1375 dividend. This represents a $0.
55 annualized dividend and a dividend yield of 5.00%. The ex-dividend date of this dividend was Monday, February 24th.
Hennessy Advisors’s dividend payout ratio is currently 49.11%. Hennessy Advisors Company Profile (Free Report)Hennessy Advisors, Inc is an employee owned investment manager.
It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe.
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