Hennessy Advisors, Inc. (NASDAQ:HNNA) CFO Kathryn Fahy Sells 8,000 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) CFO Kathryn Fahy sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $11.07, for a total value of $88,560.00. Following the sale, the chief financial officer now owns 74,211 shares in the company, valued at approximately $821,515.77. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Hennessy Advisors Trading Down 0.5 %

Shares of Hennessy Advisors stock opened at $11.19 on Friday. Hennessy Advisors, Inc. has a 52-week low of $6.60 and a 52-week high of $13.88. The firm has a market capitalization of $87.10 million, a PE ratio of 9.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 18.29 and a quick ratio of 18.29. The company’s fifty day moving average price is $12.18 and its two-hundred day moving average price is $11.00.

Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 EPS for the quarter. Hennessy Advisors had a net margin of 26.29% and a return on equity of 9.60%. The firm had revenue of $9.71 million during the quarter.

Hennessy Advisors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.1375 per share. The ex-dividend date is Monday, February 24th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.92%. Hennessy Advisors’s payout ratio is presently 49.11%.

Institutional Investors Weigh In On Hennessy Advisors

Institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC boosted its position in Hennessy Advisors by 35.5% in the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after buying an additional 11,877 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Hennessy Advisors in the 4th quarter worth approximately $336,000. Navellier & Associates Inc. bought a new stake in Hennessy Advisors during the 4th quarter worth approximately $605,000. Perigon Wealth Management LLC increased its holdings in Hennessy Advisors by 33.1% during the 4th quarter. Perigon Wealth Management LLC now owns 63,798 shares of the asset manager’s stock valued at $778,000 after purchasing an additional 15,882 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. raised its position in Hennessy Advisors by 1.7% in the 4th quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager’s stock valued at $671,000 after purchasing an additional 875 shares during 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.