Geode Capital Management LLC Has $604,000 Position in Hennessy Advisors, Inc. (NASDAQ:HNNA)

Geode Capital Management LLC lifted its holdings in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 47,779 shares of the asset manager’s stock after purchasing an additional 2,400 shares during the period. Geode Capital Management LLC owned 0.61% of Hennessy Advisors worth $604,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in HNNA. Perigon Wealth Management LLC increased its position 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 buying an additional 15,882 shares during the period. Redhawk Wealth Advisors Inc. grew its stake in shares of Hennessy Advisors by 1.7% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager’s stock worth $671,000 after acquiring an additional 875 shares during the last quarter. Navellier & Associates Inc. bought a new position in Hennessy Advisors during the fourth quarter worth $605,000. Finally, Allworth Financial LP acquired a new position in Hennessy Advisors during the 4th quarter valued at $336,000. Institutional investors and hedge funds own 10.31% of the company’s stock.

Insider Buying and Selling

In other news, CFO Kathryn Fahy sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $11.07, for a total value of $88,560.00. Following the completion of the transaction, the chief financial officer now owns 74,211 shares in the company, valued at approximately $821,515.77. This represents a 9.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 37.40% of the stock is owned by company insiders.

Hennessy Advisors Stock Performance

NASDAQ HNNA opened at $10.69 on Friday. The company’s fifty day moving average is $10.29 and its two-hundred day moving average is $11.11. Hennessy Advisors, Inc. has a 52-week low of $6.60 and a 52-week high of $13.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 18.29 and a quick ratio of 18.29. The firm has a market capitalization of $83.21 million, a price-to-earnings ratio of 9.54 and a beta of 0.71.

Hennessy Advisors (NASDAQ:HNNA) last released its earnings results on Thursday, February 13th. The asset manager reported $0.36 earnings per share for the quarter. The business 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 company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Investors of record on Monday, February 24th were paid a $0.1375 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.14%. Hennessy Advisors’s payout ratio is 49.11%.

Hennessy Advisors Company 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.