Hennessy Advisors, Inc. (NASDAQ:HNNA) Plans $0.14 Quarterly Dividend

Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.1375 per share by the asset manager on Thursday, March 6th. This represents a $0.55 annualized dividend and a yield of 4.44%. The ex-dividend date of this dividend is Monday, February 24th.

Hennessy Advisors Price Performance

NASDAQ HNNA opened at $12.40 on Friday. Hennessy Advisors has a fifty-two week low of $6.51 and a fifty-two week high of $13.88. The stock’s 50-day moving average is $12.27 and its two-hundred day moving average is $10.80. 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 firm has a market cap of $96.47 million, a P/E ratio of 13.48 and a beta of 0.77.

Hennessy Advisors (NASDAQ:HNNA) last posted its quarterly earnings data on Thursday, February 13th. The asset manager reported $0.36 EPS for the quarter. The business had revenue of $9.71 million for the quarter. Hennessy Advisors had a return on equity of 7.92% and a net margin of 26.64%.

Insider Transactions at Hennessy Advisors

In related news, Director Thomas L. Seavey sold 11,074 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following the transaction, the director now directly owns 70,429 shares in the company, valued at $805,707.76. The trade was a 13.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Daniel B. Steadman sold 3,200 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $12.19, for a total value of $39,008.00. Following the transaction, the vice president now owns 47,242 shares in the company, valued at $575,879.98. This represents a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,083 shares of company stock worth $367,315. Company insiders own 37.40% 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.