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

Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.1375 per share by the asset manager on Thursday, March 6th. This represents a $0.55 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date is Monday, February 24th.

Hennessy Advisors Stock Performance

Hennessy Advisors stock traded up $0.16 during mid-day trading on Tuesday, reaching $12.56. The company had a trading volume of 1,503 shares, compared to its average volume of 10,127. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 0.43. Hennessy Advisors has a 52 week low of $6.60 and a 52 week high of $13.88. The company has a 50 day moving average of $12.26 and a 200-day moving average of $10.85. The firm has a market cap of $97.68 million, a price-to-earnings ratio of 13.65 and a beta of 0.77.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 earnings per share for the quarter. The firm had revenue of $9.71 million during the quarter. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Insider Transactions at Hennessy Advisors

In other news, Director Thomas L. Seavey sold 11,074 shares of the firm's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $11.44, for a total transaction of $126,686.56. Following the completion of the transaction, the director now directly owns 70,429 shares of the company's stock, valued at approximately $805,707.76. This trade represents a 13.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Daniel B. Steadman sold 3,200 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total transaction of $39,008.00. Following the transaction, the vice president now directly owns 47,242 shares of the company's stock, valued at $575,879.98. The trade was a 6.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 31,083 shares of company stock valued at $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.