Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Free Report) Director Thomas L. Seavey sold 11,074 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following the completion of the transaction, the director now owns 70,429 shares in the company, valued at approximately $805,707.76. This represents a 13.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Hennessy Advisors Stock Up 1.2 %
Shares of NASDAQ HNNA opened at $11.98 on Monday. 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 business’s 50 day moving average is $10.84 and its two-hundred day moving average is $9.48. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-week high of $13.88. 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 Announces Dividend
The company also recently announced 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. This represents a $0.55 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, November 14th. Hennessy Advisors’s payout ratio is 59.78%.
Hedge Funds Weigh In On Hennessy Advisors
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.
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