Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman Sells 3,407 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,407 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $11.99, for a total transaction of $40,849.93. Following the completion of the transaction, the vice president now directly owns 38,282 shares in the company, valued at $459,001.18. This represents a 8.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Hennessy Advisors Price Performance

Shares of Hennessy Advisors stock opened at $11.92 on Friday. The stock has a market capitalization of $92.79 million, a P/E ratio of 12.96 and a beta of 0.80. The business has a 50 day simple moving average of $10.97 and a two-hundred day simple moving average of $9.57. 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 current ratio of 17.39 and a quick ratio of 17.39.

Hennessy Advisors Dividend Announcement

The firm also recently announced 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 of this dividend was Thursday, November 14th. This represents a $0.55 annualized dividend and a yield of 4.63%. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Several hedge funds and other institutional investors have recently modified their holdings of HNNA. Redhawk Wealth Advisors Inc. purchased a new position in Hennessy Advisors in the 3rd quarter worth approximately $518,000. Renaissance Technologies LLC grew its position 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. Finally, Geode Capital Management LLC increased its holdings in shares of Hennessy Advisors by 35.5% in the third 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 hedge funds and other 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.