Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $34,075.00 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $11.75, for a total value of $34,075.00. Following the transaction, the vice president now owns 44,342 shares in the company, valued at approximately $521,018.50. This represents a 6.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hennessy Advisors Trading Up 1.2 %

Shares of Hennessy Advisors stock opened at $11.98 on Monday. The stock has a market cap of $93.20 million, a P/E ratio of 13.02 and a beta of 0.80. The stock’s 50 day simple moving average is $10.84 and its 200-day simple moving average is $9.48. Hennessy Advisors, Inc. has a 1-year low of $6.38 and a 1-year high of $13.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 17.39.

Hennessy Advisors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 4.61%. The ex-dividend date of this dividend was Thursday, November 14th. Hennessy Advisors’s payout ratio is presently 59.78%.

Institutional Trading of Hennessy Advisors

Institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Hennessy Advisors by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after buying an additional 11,877 shares during the period. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Hennessy Advisors during the 3rd quarter valued at approximately $518,000. Finally, Renaissance Technologies LLC raised its position in shares of Hennessy Advisors by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after buying an additional 1,813 shares during the period. Hedge funds and other institutional investors 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.