Hennessy Advisors, Inc. (NASDAQ:HNNA) Shares Sold by Burleson & Company LLC

Burleson & Company LLC decreased its position in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 31.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,954 shares of the asset manager’s stock after selling 4,550 shares during the quarter. Burleson & Company LLC’s holdings in Hennessy Advisors were worth $86,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Renaissance Technologies LLC lifted its position in shares of Hennessy Advisors by 13.2% during the fourth quarter. Renaissance Technologies LLC now owns 129,829 shares of the asset manager’s stock worth $1,105,000 after purchasing an additional 15,104 shares in the last quarter. Lokken Investment Group LLC purchased a new stake in Hennessy Advisors during the 4th quarter worth approximately $105,000. UBS Group AG lifted its holdings in Hennessy Advisors by 24.1% during the 1st quarter. UBS Group AG now owns 12,867 shares of the asset manager’s stock worth $111,000 after buying an additional 2,500 shares in the last quarter. Finally, BlackRock Inc. boosted its position in Hennessy Advisors by 52.4% in the 1st quarter. BlackRock Inc. now owns 23,821 shares of the asset manager’s stock valued at $206,000 after buying an additional 8,186 shares during the period. Institutional investors own 10.00% of the company’s stock.

HNNA stock opened at $9.43 on Friday. The firm has a market cap of $69.44 million, a price-to-earnings ratio of 10.03 and a beta of 1.04. The firm has a 50-day moving average of $9.25. Hennessy Advisors, Inc. has a 1 year low of $7.71 and a 1 year high of $12.50.

Hennessy Advisors (NASDAQ:HNNA) last released its earnings results on Wednesday, May 12th. The asset manager reported $0.26 earnings per share for the quarter. Hennessy Advisors had a net margin of 23.01% and a return on equity of 8.75%. The firm had revenue of $7.93 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 4th. Shareholders of record on Tuesday, May 25th were paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.85%. The ex-dividend date of this dividend was Monday, May 24th.

Hennessy Advisors Profile

Hennessy Advisors, Inc is publicly 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.

Further Reading: Net Margin

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Institutional Ownership by Quarter for Hennessy Advisors (NASDAQ:HNNA)

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