Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) VP Daniel B. Steadman sold 1,903 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $12.02, for a total value of $22,874.06. Following the transaction, the vice president now directly owns 42,439 shares of the company's stock, valued at approximately $510,116.78. This represents a 4.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Hennessy Advisors Stock Down 0.7 %
Hennessy Advisors stock traded down $0.08 during trading on Thursday, reaching $11.92. The stock had a trading volume of 14,586 shares, compared to its average volume of 9,426. The company has a quick ratio of 17.39, a current 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. The stock has a market cap of $92.79 million, a PE ratio of 12.96 and a beta of 0.80. The business has a 50 day moving average price of $10.97 and a 200 day moving average price of $9.57.
Hennessy Advisors Announces Dividend
The company also recently disclosed 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. The ex-dividend date was Thursday, November 14th. This represents a $0.55 annualized dividend and a dividend yield of 4.63%. Hennessy Advisors's dividend payout ratio (DPR) is currently 59.78%.
Hedge Funds Weigh In On Hennessy Advisors
Large investors have recently bought and sold shares of the business. Redhawk Wealth Advisors Inc. purchased a new stake in Hennessy Advisors during the 3rd quarter worth about $518,000. Renaissance Technologies LLC lifted its stake in Hennessy Advisors by 1.9% during the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager's stock worth $681,000 after purchasing an additional 1,813 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager's stock worth $452,000 after purchasing an additional 11,877 shares during the last quarter. Hedge funds and other institutional investors own 10.31% of the company's stock.
About Hennessy Advisors
(
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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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