Hennessy Advisors, Inc. (NASDAQ:HNNA) Shares Acquired by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its stake in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 33.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,798 shares of the asset manager’s stock after buying an additional 15,882 shares during the quarter. Perigon Wealth Management LLC’s holdings in Hennessy Advisors were worth $778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HNNA. Geode Capital Management LLC grew its stake in shares of Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 11,877 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hennessy Advisors during the third quarter worth $518,000. Finally, Renaissance Technologies LLC grew its position in Hennessy Advisors by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after buying an additional 1,813 shares during the last quarter. 10.31% of the stock is owned by hedge funds and other institutional investors.

Hennessy Advisors Stock Performance

Shares of HNNA opened at $12.30 on Friday. The stock has a market capitalization of $95.69 million, a P/E ratio of 13.37 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 13.78 and a current ratio of 13.78. Hennessy Advisors, Inc. has a 1 year low of $6.38 and a 1 year high of $13.88. The company’s fifty day moving average is $12.06 and its two-hundred day moving average is $10.49.

Hennessy Advisors (NASDAQ:HNNA) last posted its quarterly earnings results on Wednesday, December 11th. The asset manager reported $0.30 earnings per share (EPS) for the quarter. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Insider Transactions at Hennessy Advisors

In other Hennessy Advisors news, Director Thomas L. Seavey sold 11,074 shares of the 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 transaction, the director now owns 70,429 shares in the company, valued at approximately $805,707.76. This represents a 13.59 % 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, VP Daniel B. Steadman sold 2,900 shares of the firm’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $11.75, for a total value of $34,075.00. Following the completion of the sale, the vice president now directly owns 44,342 shares of the company’s stock, valued at approximately $521,018.50. This trade represents a 6.14 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 31,083 shares of company stock valued at $367,315. Corporate insiders own 37.40% of the company’s stock.

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.