Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Sells $39,008.00 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,200 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total value of $39,008.00. Following the completion of the sale, the vice president now owns 47,242 shares in the company, valued at approximately $575,879.98. The trade was a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Hennessy Advisors Stock Up 1.2 %

Shares of NASDAQ:HNNA opened at $11.98 on Monday. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-week high of $13.88. The stock has a market cap of $93.20 million, a P/E ratio of 13.02 and a beta of 0.80. The business’s 50 day moving average is $10.84 and its 200 day moving average is $9.48. 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 Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in Hennessy Advisors by 35.5% in the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after purchasing an additional 11,877 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in Hennessy Advisors during the 3rd quarter valued at $518,000. Finally, Renaissance Technologies LLC boosted its position in Hennessy Advisors by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after acquiring an additional 1,813 shares in the last quarter. Institutional investors own 10.31% of the company’s stock.

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.