Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey Sells 11,074 Shares of Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 11,074 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $11.44, for a total transaction of $126,686.56. Following the transaction, the director now owns 70,429 shares in the company, valued at $805,707.76. The trade was a 13.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Hennessy Advisors Trading Up 1.2 %

HNNA opened at $11.98 on Friday. Hennessy Advisors, Inc. has a one year low of $6.38 and a one year 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. The stock has a market cap of $93.20 million, a price-to-earnings ratio of 13.02 and a beta of 0.80. The stock’s 50 day moving average price is $10.84 and its 200-day moving average price is $9.45.

Hennessy Advisors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after buying an additional 11,877 shares during the period. Redhawk Wealth Advisors Inc. purchased a new position in shares of Hennessy Advisors in the 3rd quarter valued at $518,000. Finally, Renaissance Technologies LLC raised its position in shares of Hennessy Advisors by 1.9% in the 2nd 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. 10.31% of the stock is owned by hedge funds and other 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.