Allworth Financial LP Buys Shares of 26,900 Hennessy Advisors, Inc. (NASDAQ:HNNA)

Allworth Financial LP bought a new stake in Hennessy Advisors, Inc. (NASDAQ:HNNA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,900 shares of the asset manager’s stock, valued at approximately $336,000.

A number of other institutional investors also recently bought and sold shares of the company. Perigon Wealth Management LLC lifted 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 valued at $778,000 after acquiring an additional 15,882 shares during the period. Redhawk Wealth Advisors Inc. lifted its holdings in Hennessy Advisors by 1.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager’s stock valued at $671,000 after acquiring an additional 875 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Hennessy Advisors by 35.5% in the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after acquiring an additional 11,877 shares during the period. Institutional investors own 10.31% of the company’s stock.

Hennessy Advisors Stock Up 0.5 %

HNNA stock opened at $12.20 on Friday. Hennessy Advisors, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $13.88. The business’s 50-day moving average is $12.23 and its two-hundred day moving average is $10.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 18.29 and a current ratio of 18.29. The company has a market cap of $94.91 million, a price-to-earnings ratio of 10.89 and a beta of 0.77.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 EPS for the quarter. The business had revenue of $9.71 million during the quarter. Hennessy Advisors had a return on equity of 9.60% and a net margin of 26.29%.

Hennessy Advisors Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be given a $0.1375 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Monday, February 24th. Hennessy Advisors’s payout ratio is 49.11%.

Insiders Place Their Bets

In other Hennessy Advisors news, VP Daniel B. Steadman sold 3,200 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total value of $39,008.00. Following the completion of the sale, the vice president now owns 47,242 shares in the company, valued at $575,879.98. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Thomas L. Seavey sold 7,269 shares of the company’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total value of $87,954.90. Following the completion of the sale, the director now owns 83,160 shares of the company’s stock, valued at approximately $1,006,236. The trade was a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 31,083 shares of company stock worth $367,315 over the last quarter. 37.40% of the stock is currently owned by corporate insiders.

About Hennessy Advisors

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. The firm primarily invests in growth stocks of companies.