Hennessy Advisors (HNNA) Holdings Cut by Millennium Management LLC
Millennium Management LLC reduced its position in shares of Hennessy Advisors (NASDAQ:HNNA) by 53.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,019 shares of the asset manager’s stock after selling 30,229 shares during the period. Millennium Management LLC’s holdings in Hennessy Advisors were worth $430,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in HNNA. Bank of New York Mellon Corp acquired a new stake in Hennessy Advisors during the 4th quarter valued at $239,000. Dimensional Fund Advisors LP raised its stake in Hennessy Advisors by 65.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 34,197 shares of the asset manager’s stock valued at $528,000 after purchasing an additional 13,475 shares during the period. Weber Alan W raised its stake in Hennessy Advisors by 53.2% during the 4th quarter. Weber Alan W now owns 30,000 shares of the asset manager’s stock valued at $493,000 after purchasing an additional 10,418 shares during the period. Renaissance Technologies LLC raised its stake in Hennessy Advisors by 18.8% during the 4th quarter. Renaissance Technologies LLC now owns 56,050 shares of the asset manager’s stock valued at $927,000 after purchasing an additional 8,875 shares during the period. Finally, Deutsche Bank AG raised its stake in Hennessy Advisors by 27.4% during the 4th quarter. Deutsche Bank AG now owns 19,768 shares of the asset manager’s stock valued at $326,000 after purchasing an additional 4,249 shares during the period. 16.87% of the stock is currently owned by institutional investors.
Shares of NASDAQ:HNNA opened at $18.61 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.33 and a current ratio of 2.33. Hennessy Advisors has a 12-month low of $18.67 and a 12-month high of $18.67. The firm has a market cap of $145.58 million, a price-to-earnings ratio of 9.14 and a beta of 0.72.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Thursday, May 17th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 2.15%. The ex-dividend date is Wednesday, May 16th.
About Hennessy Advisors
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.
Want to see what other hedge funds are holding HNNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hennessy Advisors (NASDAQ:HNNA).
Receive News & Ratings for Hennessy Advisors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennessy Advisors and related companies with MarketBeat.com's FREE daily email newsletter.