Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman Sells 1,903 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 1,903 shares of the stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $12.02, for a total transaction of $22,874.06. Following the completion of the transaction, the vice president now directly owns 42,439 shares of the company’s stock, valued at $510,116.78. This trade represents a 4.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Hennessy Advisors Trading Down 2.5 %

Shares of Hennessy Advisors stock opened at $11.62 on Friday. The firm has a market capitalization of $90.45 million, a PE ratio of 12.63 and a beta of 0.80. The company has a current ratio of 17.39, a quick ratio of 17.39 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $11.04 and its 200 day moving average is $9.63. Hennessy Advisors, Inc. has a 1 year low of $6.38 and a 1 year high of $13.88.

Hennessy Advisors Announces Dividend

The business also recently announced 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 was Thursday, November 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.75%. Hennessy Advisors’s payout ratio is presently 59.78%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HNNA. Redhawk Wealth Advisors Inc. bought a new stake in Hennessy Advisors during the 3rd quarter worth $518,000. Geode Capital Management LLC boosted its stake in shares of Hennessy Advisors by 35.5% during 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 in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Hennessy Advisors by 1.9% during the second 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 in the last quarter. 10.31% of the stock is currently owned by institutional investors.

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.