Hennessy Advisors (NASDAQ:HNNA) Posts Earnings Results

Hennessy Advisors (NASDAQ:HNNA) announced its quarterly earnings data on Thursday. The asset manager reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $9,710 billion during the quarter. Hennessy Advisors had a return on equity of 7.92% and a net margin of 26.64%.

Hennessy Advisors Price Performance

HNNA stock traded up $0.23 during midday trading on Friday, hitting $12.40. The company’s stock had a trading volume of 30,806 shares, compared to its average volume of 9,403. The firm has a market capitalization of $96.47 million, a price-to-earnings ratio of 13.48 and a beta of 0.77. Hennessy Advisors has a 12 month low of $6.51 and a 12 month high of $13.88. The company has a 50 day moving average of $12.27 and a two-hundred day moving average of $10.78. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 0.43.

Hennessy Advisors Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a $0.1375 dividend. The ex-dividend date is Monday, February 24th. This represents a $0.55 annualized dividend and a yield of 4.44%. Hennessy Advisors’s payout ratio is 59.78%.

Insider Transactions at Hennessy Advisors

In related news, Director Thomas L. Seavey sold 11,074 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following the sale, the director now owns 70,429 shares in the company, valued at approximately $805,707.76. This represents a 13.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Daniel B. Steadman sold 2,900 shares of the company’s stock in a transaction on Friday, December 20th. The shares were sold at an average price of $11.75, for a total value of $34,075.00. Following the completion of the transaction, the vice president now directly owns 44,342 shares in the company, valued at $521,018.50. This trade represents a 6.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,083 shares of company stock valued at $367,315 in the last ninety days. Corporate insiders own 37.40% of the company’s stock.

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.