Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $40,849.93 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,407 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $11.99, for a total value of $40,849.93. Following the transaction, the vice president now directly owns 38,282 shares in the company, valued at approximately $459,001.18. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Hennessy Advisors Trading Down 2.5 %

NASDAQ HNNA opened at $11.62 on Friday. 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 business has a 50 day moving average price of $11.01 and a 200-day moving average price of $9.58. The company has a market cap of $90.45 million, a price-to-earnings ratio of 12.63 and a beta of 0.80.

Hennessy Advisors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were paid a dividend of $0.138 per share. The ex-dividend date was Thursday, November 14th. This represents a $0.55 dividend on an annualized basis and a yield of 4.75%. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HNNA. Renaissance Technologies LLC increased its position in shares of 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 acquiring an additional 1,813 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Hennessy Advisors during the 3rd quarter valued at about $518,000. Finally, Geode Capital Management LLC boosted its stake in Hennessy Advisors by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 11,877 shares during the last quarter. 10.31% of the stock is owned by institutional investors.

About Hennessy Advisors

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.