Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Sells $87,954.90 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 7,269 shares of the firm’s 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 completion of the transaction, the director now directly owns 83,160 shares in the company, valued at $1,006,236. This trade represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Hennessy Advisors Trading Up 1.2 %

HNNA opened at $11.98 on Friday. Hennessy Advisors, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $13.88. The firm has a market capitalization of $93.20 million, a PE ratio of 13.02 and a beta of 0.80. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 17.39. The company’s 50-day moving average is $10.84 and its 200 day moving average is $9.47.

Hennessy Advisors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were paid a $0.138 dividend. This represents a $0.55 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC raised 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 buying an additional 11,877 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Hennessy Advisors in the 3rd quarter worth $518,000. Finally, Renaissance Technologies LLC raised 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 during the last quarter. Hedge funds and other institutional investors 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.