Hennessy Advisors, Inc. (NASDAQ:HNNA) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. raised its position in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 52,936 shares of the asset manager’s stock after acquiring an additional 875 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in Hennessy Advisors were worth $671,000 at the end of the most recent reporting period.

Separately, Geode Capital Management LLC grew its holdings in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after acquiring an additional 11,877 shares during the period. Institutional investors and hedge funds own 10.31% of the company’s stock.

Insider Activity at Hennessy Advisors

In other news, VP Daniel B. Steadman sold 2,900 shares of Hennessy Advisors stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $11.75, for a total transaction of $34,075.00. Following the completion of the sale, the vice president now directly owns 44,342 shares in the company, valued at approximately $521,018.50. This trade represents a 6.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas L. Seavey sold 7,269 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total value of $87,954.90. Following the sale, the director now directly owns 83,160 shares in the company, valued at $1,006,236. This trade represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,083 shares of company stock worth $367,315 over the last 90 days. Company insiders own 37.40% of the company’s stock.

Hennessy Advisors Trading Up 3.2 %

NASDAQ:HNNA opened at $12.19 on Friday. Hennessy Advisors, Inc. has a 1 year low of $6.38 and a 1 year high of $13.88. The company has a debt-to-equity ratio of 0.43, a quick ratio of 13.78 and a current ratio of 13.78. The stock has a fifty day moving average price of $11.63 and a two-hundred day moving average price of $10.11. The stock has a market capitalization of $94.89 million, a price-to-earnings ratio of 13.25 and a beta of 0.77.

Hennessy Advisors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a $0.138 dividend. The ex-dividend date was Thursday, November 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.53%. Hennessy Advisors’s dividend payout ratio is presently 59.78%.

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.