Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman Sells 3,200 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,200 shares of Hennessy Advisors stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total value of $39,008.00. Following the sale, the vice president now owns 47,242 shares of the company’s stock, valued at approximately $575,879.98. This represents a 6.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Hennessy Advisors Price Performance

NASDAQ:HNNA opened at $11.98 on Friday. The firm has a market cap of $93.20 million, a price-to-earnings ratio of 13.02 and a beta of 0.80. Hennessy Advisors, Inc. has a 12-month low of $6.38 and a 12-month high of $13.88. The company has a current ratio of 17.39, a quick ratio of 17.39 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average is $10.84 and its two-hundred day moving average is $9.45.

Hennessy Advisors Dividend Announcement

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

Institutional Trading of Hennessy Advisors

Hedge funds and other institutional investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hennessy Advisors during the third quarter worth $518,000. Geode Capital Management LLC lifted its position 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. Finally, Renaissance Technologies LLC boosted its stake in 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 buying an additional 1,813 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.