Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) VP Daniel B. Steadman sold 3,407 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $11.99, for a total value of $40,849.93. Following the sale, the vice president now directly owns 38,282 shares of the company's stock, valued at $459,001.18. The trade was a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Hennessy Advisors Stock Performance
Shares of NASDAQ:HNNA traded down $0.08 during midday trading on Thursday, reaching $11.92. The company had a trading volume of 14,586 shares, compared to its average volume of 9,426. The stock has a market cap of $92.79 million, a P/E ratio of 12.96 and a beta of 0.80. The company's 50 day moving average price is $10.97 and its 200 day moving average price is $9.57. The company has a current ratio of 17.39, a quick ratio of 17.39 and a debt-to-equity ratio of 0.44. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-week high of $13.88.
Hennessy Advisors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Thursday, November 14th. Hennessy Advisors's dividend payout ratio is currently 59.78%.
Institutional Investors Weigh In On Hennessy Advisors
Hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC increased 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 worth $452,000 after buying an additional 11,877 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new position in shares of Hennessy Advisors during the 3rd quarter valued at $518,000. Finally, Renaissance Technologies LLC grew its stake in shares of Hennessy Advisors by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager's stock worth $681,000 after acquiring an additional 1,813 shares during the period. Institutional investors own 10.31% of the company's stock.
Hennessy Advisors Company Profile
(
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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.
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