Hennessy Advisors (NASDAQ:HNNA) Posts Earnings Results

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

Hennessy Advisors Trading Up 1.9 %

HNNA stock traded up $0.23 during trading on Monday, reaching $12.40. 30,806 shares of the stock were exchanged, compared to its average volume of 9,403. The company has a current ratio of 13.78, a quick ratio of 13.78 and a debt-to-equity ratio of 0.43. The business has a 50 day moving average price of $12.26 and a 200-day moving average price of $10.85. Hennessy Advisors has a 1 year low of $6.51 and a 1 year high of $13.88. The firm has a market capitalization of $96.47 million, a price-to-earnings ratio of 13.48 and a beta of 0.77.

Hennessy Advisors Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Monday, February 24th. Hennessy Advisors's dividend payout ratio (DPR) is presently 59.78%.

Insiders Place Their Bets

In other Hennessy Advisors news, VP Daniel B. Steadman sold 3,200 shares of Hennessy Advisors stock in a transaction dated Wednesday, December 18th. The shares were 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas L. Seavey sold 11,074 shares of Hennessy Advisors 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. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 31,083 shares of company stock valued at $367,315 over the last ninety days. 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.