Geode Capital Management LLC Increases Stake in Hennessy Advisors, Inc. (NASDAQ:HNNA)

Geode Capital Management LLC increased its holdings in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 35.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,379 shares of the asset manager’s stock after purchasing an additional 11,877 shares during the quarter. Geode Capital Management LLC owned 0.59% of Hennessy Advisors worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

Separately, Renaissance Technologies LLC increased its holdings in shares of Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock worth $681,000 after buying an additional 1,813 shares during the period. Institutional investors own 10.31% of the company’s stock.

Insider Activity

In related news, Director Thomas L. Seavey sold 11,074 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $11.44, for a total transaction 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 represents a 13.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Daniel B. Steadman sold 3,407 shares of the firm’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $11.99, for a total transaction of $40,849.93. Following the completion of the sale, the vice president now directly owns 38,282 shares in the company, valued at approximately $459,001.18. This trade represents a 8.17 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,083 shares of company stock valued at $367,315. 37.40% of the stock is currently owned by company insiders.

Hennessy Advisors Trading Down 6.7 %

NASDAQ HNNA opened at $11.57 on Monday. The firm has a market cap of $90.06 million, a PE ratio of 12.58 and a beta of 0.77. Hennessy Advisors, Inc. has a 1-year low of $6.38 and a 1-year high of $13.88. The stock has a 50-day moving average of $11.49 and a 200-day moving average of $10.02. The company has a current ratio of 13.78, a quick ratio of 17.39 and a debt-to-equity ratio of 0.43.

Hennessy Advisors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.138 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.55 annualized dividend and a yield of 4.77%. Hennessy Advisors’s payout ratio is currently 59.78%.

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.