Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Sells $10,536.86 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia sold 1,073 shares of Hennessy Advisors stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $9.82, for a total value of $10,536.86. Following the completion of the sale, the director now owns 53,464 shares of the company’s stock, valued at $525,016.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Hennessy Advisors Trading Up 4.4 %

NASDAQ HNNA opened at $9.81 on Monday. The company has a market cap of $75.33 million, a price-to-earnings ratio of 14.43 and a beta of 0.80. Hennessy Advisors, Inc. has a 52 week low of $6.33 and a 52 week high of $11.99. The business has a 50 day moving average price of $9.43 and a 200-day moving average price of $7.91. The company has a quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44.

Hennessy Advisors (NASDAQ:HNNA) last released its quarterly earnings data on Thursday, August 8th. The asset manager reported $0.26 EPS for the quarter. The firm had revenue of $7.79 million during the quarter. Hennessy Advisors had a return on equity of 6.89% and a net margin of 22.53%.

Hennessy Advisors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.138 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.55 annualized dividend and a dividend yield of 5.63%. Hennessy Advisors’s dividend payout ratio is 80.88%.

Institutional Investors Weigh In On Hennessy Advisors

An institutional investor recently raised its position in Hennessy Advisors stock. Renaissance Technologies LLC lifted its stake in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,588 shares of the asset manager’s stock after buying an additional 1,813 shares during the period. Renaissance Technologies LLC owned about 1.24% of Hennessy Advisors worth $681,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.31% of the company’s stock.

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.