Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $22,874.06 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 1,903 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $12.02, for a total value of $22,874.06. Following the transaction, the vice president now owns 42,439 shares in the company, valued at approximately $510,116.78. This trade represents a 4.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Hennessy Advisors Stock Performance

HNNA opened at $11.62 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 17.39 and a current ratio of 17.39. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-week high of $13.88. The firm has a market cap of $90.45 million, a P/E ratio of 12.63 and a beta of 0.80. The business’s fifty day moving average is $11.04 and its 200-day moving average is $9.63.

Hennessy Advisors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.138 per share. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.55 dividend on an annualized basis and a yield of 4.75%. Hennessy Advisors’s payout ratio is 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted 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 worth $681,000 after acquiring an additional 1,813 shares in the last quarter. Geode Capital Management LLC lifted its stake in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after purchasing an additional 11,877 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new stake in Hennessy Advisors during the third quarter worth $518,000. 10.31% of the stock is currently owned by institutional investors and hedge funds.

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.