Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells 1,000 Shares of Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $11.90, for a total transaction of $11,900.00. Following the completion of the sale, the vice president now owns 33,432 shares in the company, valued at $397,840.80. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hennessy Advisors Stock Up 2.9 %

Shares of Hennessy Advisors stock traded up $0.34 during midday trading on Monday, hitting $11.96. The company’s stock had a trading volume of 15,341 shares, compared to its average volume of 9,454. Hennessy Advisors, Inc. has a 1-year low of $6.38 and a 1-year high of $13.88. The company has a quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $93.10 million, a P/E ratio of 13.00 and a beta of 0.80. The stock has a 50-day simple moving average of $11.04 and a 200-day simple moving average of $9.65.

Hennessy Advisors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a dividend of $0.138 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.55 annualized dividend and a yield of 4.62%. Hennessy Advisors’s dividend payout ratio (DPR) is currently 59.78%.

Institutional Investors Weigh In On Hennessy Advisors

Hedge funds have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. acquired a new stake in Hennessy Advisors during the third quarter worth $518,000. Renaissance Technologies LLC lifted its holdings 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 during the period. Finally, Geode Capital Management LLC boosted 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 acquiring an additional 11,877 shares in the last quarter. 10.31% of the stock is currently owned by institutional investors.

About Hennessy Advisors

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.