Hennessy Advisors (NASDAQ:HNNA) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.05 and traded as low as $10.66. Hennessy Advisors shares last traded at $10.99, with a volume of 6,281 shares trading hands.

Hennessy Advisors Price Performance

The company has a market cap of $82.35 million, a PE ratio of 9.45 and a beta of 0.83. 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 stock has a fifty day moving average price of $12.05 and a 200-day moving average price of $11.07.

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

Hennessy Advisors Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, February 24th were paid a $0.1375 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.55 annualized dividend and a dividend yield of 5.20%. Hennessy Advisors's dividend payout ratio is presently 49.11%.

Insider Transactions at Hennessy Advisors

In other Hennessy Advisors news, Director Thomas L. Seavey sold 7,269 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total transaction of $87,954.90. Following the completion of the transaction, the director now owns 83,160 shares in the company, valued at approximately $1,006,236. This represents a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kathryn Fahy sold 8,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $11.07, for a total transaction of $88,560.00. Following the completion of the sale, the chief financial officer now directly owns 74,211 shares in the company, valued at approximately $821,515.77. This represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,083 shares of company stock worth $455,875. Corporate insiders own 37.40% of the company's stock.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of HNNA. Perigon Wealth Management LLC raised its position in shares of Hennessy Advisors by 33.1% in the 4th quarter. Perigon Wealth Management LLC now owns 63,798 shares of the asset manager's stock valued at $778,000 after buying an additional 15,882 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Hennessy Advisors by 1.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager's stock worth $671,000 after buying an additional 875 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hennessy Advisors by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 47,779 shares of the asset manager's stock valued at $604,000 after purchasing an additional 2,400 shares during the period. Navellier & Associates Inc. bought a new stake in shares of Hennessy Advisors in the 4th quarter valued at $605,000. Finally, Northern Trust Corp increased its position in Hennessy Advisors by 63.8% in the 4th quarter. Northern Trust Corp now owns 34,432 shares of the asset manager's stock valued at $439,000 after buying an additional 13,407 shares in 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.