Thomas L. Seavey Sells 7,269 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 7,269 shares of the stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $12.10, for a total transaction of $87,954.90. Following the sale, the director now directly owns 83,160 shares of the company’s stock, valued at $1,006,236. The trade was a 8.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Hennessy Advisors Trading Up 2.4 %

Shares of Hennessy Advisors stock traded up $0.28 during midday trading on Thursday, reaching $11.84. 23,889 shares of the company’s stock traded hands, compared to its average volume of 9,335. The company has a market cap of $92.12 million, a PE ratio of 12.87 and a beta of 0.80. The stock has a 50 day moving average of $10.75 and a 200-day moving average of $9.41. Hennessy Advisors, Inc. has a 12 month low of $6.38 and a 12 month high of $13.88. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s payout ratio is 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Institutional investors have recently bought and sold shares of the stock. Redhawk Wealth Advisors Inc. bought a new stake in Hennessy Advisors during the 3rd quarter valued at approximately $518,000. Geode Capital Management LLC lifted its stake in shares of 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 purchasing an additional 11,877 shares during the period. Finally, Renaissance Technologies LLC boosted 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 valued at $681,000 after purchasing an additional 1,813 shares in the last quarter. 10.31% of the stock is owned by institutional investors.

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.