Perritt Capital Management Inc. reduced its stake in shares of Hennessy Advisors Inc (NASDAQ:HNNA) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 177,789 shares of the asset manager’s stock after selling 5,053 shares during the period. Perritt Capital Management Inc. owned 2.37% of Hennessy Advisors worth $1,725,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC grew its position in shares of Hennessy Advisors by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 87,720 shares of the asset manager’s stock valued at $851,000 after buying an additional 3,770 shares during the last quarter. 11.73% of the stock is currently owned by institutional investors.

Shares of HNNA stock traded up $0.04 on Wednesday, hitting $10.52. The company had a trading volume of 345 shares, compared to its average volume of 17,516. The firm has a market cap of $79.94 million, a P/E ratio of 6.83 and a beta of 0.81. The stock’s 50-day moving average is $9.86 and its two-hundred day moving average is $9.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.95 and a current ratio of 2.95. Hennessy Advisors Inc has a twelve month low of $9.00 and a twelve month high of $15.27.

Hennessy Advisors (NASDAQ:HNNA) last posted its quarterly earnings data on Wednesday, August 7th. The asset manager reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.21). The company had revenue of $10.44 million during the quarter. Hennessy Advisors had a return on equity of 16.61% and a net margin of 26.84%.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Tuesday, August 20th were given a $0.138 dividend. The ex-dividend date was Monday, August 19th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.25%.

Hennessy Advisors Company 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.

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

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