Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $40,849.93 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,407 shares of the company’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $11.99, for a total transaction of $40,849.93. Following the completion of the transaction, the vice president now directly owns 38,282 shares of the company’s stock, valued at approximately $459,001.18. The trade was a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hennessy Advisors Stock Performance

Shares of Hennessy Advisors stock opened at $11.62 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 17.39. The firm has a market cap of $90.45 million, a price-to-earnings ratio of 12.63 and a beta of 0.80. The stock’s 50-day moving average is $11.04 and its 200-day moving average is $9.63. Hennessy Advisors, Inc. has a one year low of $6.38 and a one year high of $13.88.

Hennessy Advisors Dividend Announcement

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HNNA. Renaissance Technologies LLC boosted its holdings in Hennessy Advisors by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after purchasing an additional 1,813 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Hennessy Advisors in the third quarter valued at about $518,000. Finally, Geode Capital Management LLC raised its position in Hennessy Advisors by 35.5% in the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 11,877 shares during the last quarter. 10.31% of the stock is 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.