Hennessy Advisors (NASDAQ:HNNA) Posts Quarterly Earnings Results

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

Hennessy Advisors Trading Up 1.4 %

NASDAQ:HNNA traded up $0.17 during mid-day trading on Thursday, reaching $12.17. The company’s stock had a trading volume of 5,884 shares, compared to its average volume of 9,712. Hennessy Advisors has a twelve month low of $6.50 and a twelve month high of $13.88. The company’s fifty day simple moving average is $12.27 and its two-hundred day simple moving average is $10.74. The company has a debt-to-equity ratio of 0.43, a current ratio of 13.78 and a quick ratio of 13.78. The stock has a market cap of $94.68 million, a P/E ratio of 13.23 and a beta of 0.77.

Insider Transactions at Hennessy Advisors

In related news, Director Thomas L. Seavey sold 7,269 shares of Hennessy Advisors stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total value of $87,954.90. Following the transaction, the director now owns 83,160 shares in the company, valued at approximately $1,006,236. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Daniel B. Steadman sold 2,900 shares of Hennessy Advisors stock in a transaction dated 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 represents a 6.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,083 shares of company stock worth $367,315 in the last three months. Company 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.