Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) VP Daniel B. Steadman sold 1,000 shares of the company's stock in a transaction on Monday, December 30th. The shares were sold at an average price of $11.90, for a total transaction of $11,900.00. Following the completion of the sale, the vice president now owns 33,432 shares of the company's stock, valued at approximately $397,840.80. This represents a 2.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Hennessy Advisors Trading Up 2.9 %
NASDAQ:HNNA traded up $0.34 on Monday, reaching $11.96. The company's stock had a trading volume of 15,341 shares, compared to its average volume of 9,454. Hennessy Advisors, Inc. has a 1-year low of $6.38 and a 1-year high of $13.88. The business's 50-day moving average price is $11.08 and its two-hundred day moving average price is $9.68. The firm has a market cap of $93.10 million, a PE ratio of 13.00 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a quick ratio of 17.39 and a current ratio of 17.39.
Hennessy Advisors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Thursday, November 14th. Hennessy Advisors's payout ratio is currently 59.78%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in HNNA. Geode Capital Management LLC lifted its position in Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager's stock valued at $452,000 after acquiring an additional 11,877 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hennessy Advisors in the 3rd quarter valued at about $518,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager's stock valued at $681,000 after purchasing an additional 1,813 shares in the last quarter. Institutional investors and hedge funds own 10.31% of the company's stock.
About Hennessy Advisors
(
Get Free Report)
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.
See Also
Before you consider Hennessy Advisors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hennessy Advisors wasn't on the list.
While Hennessy Advisors currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
