Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman Sells 2,900 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 2,900 shares of the business’s stock in a transaction on Friday, December 20th. The stock was sold at an average price of $11.75, for a total value of $34,075.00. Following the sale, the vice president now owns 44,342 shares of the company’s stock, valued at approximately $521,018.50. The trade was a 6.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hennessy Advisors Price Performance

Shares of HNNA stock 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 quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $10.84 and a 200 day moving average price of $9.45.

Hennessy Advisors Dividend Announcement

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

Hedge Funds Weigh In On Hennessy Advisors

Several hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its position in shares of Hennessy Advisors by 35.5% during the 3rd 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. bought a new position in Hennessy Advisors during the 3rd quarter worth approximately $518,000. Finally, Renaissance Technologies LLC boosted its stake in Hennessy Advisors by 1.9% during 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 during the last quarter. Institutional investors and hedge funds 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.