Hennessy Advisors Inc. Lowers Stock Position in Hingham Institution for Savings (NASDAQ:HIFS)

Hennessy Advisors Inc. lessened its holdings in Hingham Institution for Savings (NASDAQ:HIFS) by 40.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the savings and loans company’s stock after selling 6,000 shares during the quarter. Hennessy Advisors Inc. owned 0.42% of Hingham Institution for Savings worth $1,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC boosted its holdings in Hingham Institution for Savings by 97.6% in the 4th quarter. Copeland Capital Management LLC now owns 168 shares of the savings and loans company’s stock valued at $33,000 after purchasing an additional 83 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Hingham Institution for Savings by 161.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 395 shares of the savings and loans company’s stock valued at $77,000 after acquiring an additional 244 shares during the period. SG Americas Securities LLC lifted its position in shares of Hingham Institution for Savings by 22.4% during the 4th quarter. SG Americas Securities LLC now owns 840 shares of the savings and loans company’s stock valued at $163,000 after acquiring an additional 154 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Hingham Institution for Savings during the 4th quarter valued at approximately $200,000. Finally, First National Bank Sioux Falls acquired a new stake in shares of Hingham Institution for Savings during the 1st quarter valued at approximately $215,000. Hedge funds and other institutional investors own 49.33% of the company’s stock.

Hingham Institution for Savings Price Performance

Shares of HIFS stock traded up $3.57 during midday trading on Friday, reaching $178.50. 5,838 shares of the company traded hands, compared to its average volume of 14,024. The firm’s 50 day simple moving average is $173.90 and its two-hundred day simple moving average is $176.69. Hingham Institution for Savings has a 1-year low of $147.01 and a 1-year high of $229.99. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market cap of $383.78 million, a PE ratio of 15.51 and a beta of 1.02.

Hingham Institution for Savings (NASDAQ:HIFS) last issued its quarterly earnings data on Friday, April 12th. The savings and loans company reported $1.01 earnings per share (EPS) for the quarter. Hingham Institution for Savings had a return on equity of 2.71% and a net margin of 12.38%. The firm had revenue of $15.33 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Hingham Institution for Savings to a “sell” rating in a research report on Saturday, May 4th.

Hingham Institution for Savings Company Profile

Hingham Institution for Savings provides various financial products and services to individuals and small businesses in the United States. It offers savings, checking, money market, demand, and negotiable order of withdrawal accounts, as well as certificates of deposit. The company provides commercial and residential real estate, construction, home equity, commercial, consumer, and mortgage loans.