26,900 Shares in Hennessy Advisors, Inc. (NASDAQ:HNNA) Acquired by Allworth Financial LP

Allworth Financial LP bought a new position in Hennessy Advisors, Inc. (NASDAQ:HNNA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 26,900 shares of the asset manager's stock, valued at approximately $336,000. Allworth Financial LP owned about 0.35% of Hennessy Advisors at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HNNA. Perigon Wealth Management LLC increased its stake in Hennessy Advisors by 33.1% in the 4th 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 during the period. Geode Capital Management LLC increased its stake in Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager's stock worth $452,000 after purchasing an additional 11,877 shares during the period. Finally, Redhawk Wealth Advisors Inc. increased its stake in Hennessy Advisors by 1.7% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager's stock worth $671,000 after purchasing an additional 875 shares during the period. Institutional investors own 10.31% of the company's stock.

Hennessy Advisors Price Performance

Shares of Hennessy Advisors stock opened at $12.20 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 18.29 and a quick ratio of 18.29. Hennessy Advisors, Inc. has a one year low of $6.60 and a one year high of $13.88. The stock has a market capitalization of $94.91 million, a P/E ratio of 10.89 and a beta of 0.77. The business's 50 day simple moving average is $12.23 and its two-hundred day simple moving average is $10.93.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 earnings per share for the quarter. The company had revenue of $9.71 million for 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 announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be issued a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 4.51%. The ex-dividend date is Monday, February 24th. Hennessy Advisors's dividend payout ratio (DPR) is 49.11%.

Insiders Place Their Bets

In other Hennessy Advisors news, VP Daniel B. Steadman sold 3,407 shares of the business's stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $11.99, for a total value of $40,849.93. Following the sale, the vice president now directly owns 38,282 shares of the company's stock, valued at approximately $459,001.18. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Thomas L. Seavey sold 11,074 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $11.44, for a total value of $126,686.56. Following the completion of the sale, the director now directly owns 70,429 shares in the company, valued at $805,707.76. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,083 shares of company stock valued at $367,315. 37.40% of the stock is currently owned by corporate insiders.

Hennessy Advisors Profile

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.

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