Morgan Stanley Cuts Position in Hennessy Advisors Inc (NASDAQ:HNNA)

Morgan Stanley lessened its position in shares of Hennessy Advisors Inc (NASDAQ:HNNA) by 46.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,418 shares of the asset manager’s stock after selling 15,932 shares during the quarter. Morgan Stanley’s holdings in Hennessy Advisors were worth $178,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC grew its holdings in Hennessy Advisors by 4.5% during 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 in the last quarter. 11.97% of the stock is owned by hedge funds and other institutional investors.

NASDAQ HNNA opened at $11.85 on Friday. The stock has a market capitalization of $91.34 million, a PE ratio of 7.81 and a beta of 0.89. The business has a 50 day simple moving average of $11.28 and a two-hundred day simple moving average of $10.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.95 and a quick ratio of 2.95. Hennessy Advisors Inc has a 1-year low of $9.00 and a 1-year high of $12.78.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Tuesday, November 12th will be issued a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 4.66%. The ex-dividend date is Friday, November 8th.

In other Hennessy Advisors news, COO Teresa M. Nilsen sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $10.20, for a total transaction of $25,500.00. Following the completion of the transaction, the chief operating officer now owns 150,667 shares in the company, valued at approximately $1,536,803.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 40.73% of the company’s stock.

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.

Featured Article: 52-Week High/Low Prices For Stock Selection

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 Inc (NASDAQ:HNNA).

Institutional Ownership by Quarter 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.