Perigon Wealth Management LLC Raises Position in Hennessy Advisors, Inc. (NASDAQ:HNNA)

Perigon Wealth Management LLC grew its holdings in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 193.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,916 shares of the asset manager’s stock after purchasing an additional 31,608 shares during the quarter. Perigon Wealth Management LLC’s holdings in Hennessy Advisors were worth $322,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Advisor Group Holdings Inc. increased its position in shares of Hennessy Advisors by 65.5% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,550 shares of the asset manager’s stock valued at $38,000 after acquiring an additional 1,800 shares during the period. Osaic Holdings Inc. increased its position in shares of Hennessy Advisors by 150.0% in the 2nd quarter. Osaic Holdings Inc. now owns 12,500 shares of the asset manager’s stock valued at $88,000 after acquiring an additional 7,500 shares during the period. BlackRock Inc. increased its position in shares of Hennessy Advisors by 30.1% in the 2nd quarter. BlackRock Inc. now owns 13,733 shares of the asset manager’s stock valued at $97,000 after acquiring an additional 3,178 shares during the period. Bank of America Corp DE increased its position in shares of Hennessy Advisors by 30.0% in the 1st quarter. Bank of America Corp DE now owns 13,652 shares of the asset manager’s stock valued at $106,000 after acquiring an additional 3,151 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Hennessy Advisors by 5.6% in the 2nd quarter. Renaissance Technologies LLC now owns 85,825 shares of the asset manager’s stock valued at $606,000 after acquiring an additional 4,550 shares during the period. Hedge funds and other institutional investors own 10.31% of the company’s stock.

Hennessy Advisors Price Performance

Shares of HNNA opened at $6.92 on Wednesday. The business’s 50-day moving average is $6.79 and its two-hundred day moving average is $6.74. The company has a market capitalization of $53.15 million, a P/E ratio of 10.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 22.62 and a current ratio of 22.62. Hennessy Advisors, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $7.74.

Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings results on Thursday, February 8th. The asset manager reported $0.16 earnings per share for the quarter. The company had revenue of $6.14 million for the quarter. Hennessy Advisors had a return on equity of 5.54% and a net margin of 20.20%.

Hennessy Advisors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Tuesday, February 20th were given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 7.98%. The ex-dividend date of this dividend was Friday, February 16th. Hennessy Advisors’s dividend payout ratio is currently 87.30%.

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.