Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $11,900.00 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 1,000 shares of the company’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $11.90, for a total transaction of $11,900.00. Following the transaction, the vice president now owns 33,432 shares in the company, valued at approximately $397,840.80. The trade was a 2.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hennessy Advisors Trading Up 6.6 %

HNNA opened at $12.75 on Thursday. The firm has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $9.74. Hennessy Advisors, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $13.88. The company has a market cap of $99.20 million, a price-to-earnings ratio of 13.86 and a beta of 0.80. The company has a debt-to-equity ratio of 0.43, a current ratio of 13.78 and a quick ratio of 17.39.

Hennessy Advisors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.138 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.33%. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC grew its stake in Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after acquiring an additional 1,813 shares during the period. Redhawk Wealth Advisors Inc. acquired a new position in shares of Hennessy Advisors in the 3rd quarter valued at approximately $518,000. Finally, Geode Capital Management LLC increased its stake in Hennessy Advisors by 35.5% during the 3rd 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 in the last quarter. Institutional investors and hedge funds 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.