Daniel B. Steadman Sells 1,903 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 1,903 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $12.02, for a total transaction of $22,874.06. Following the transaction, the vice president now owns 42,439 shares in the company, valued at approximately $510,116.78. This trade represents a 4.29 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Hennessy Advisors Price Performance

Shares of NASDAQ:HNNA opened at $11.62 on Friday. The stock has a market capitalization of $90.45 million, a P/E ratio of 12.63 and a beta of 0.80. The business has a 50-day moving average of $11.01 and a two-hundred day moving average of $9.58. Hennessy Advisors, Inc. has a fifty-two week low of $6.38 and a fifty-two week high of $13.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 17.39.

Hennessy Advisors Dividend Announcement

The business 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. 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 4.75%. Hennessy Advisors’s payout ratio is currently 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Institutional investors have recently modified their holdings of the company. Redhawk Wealth Advisors Inc. acquired a new position in Hennessy Advisors in the 3rd quarter valued at $518,000. Renaissance Technologies LLC boosted its holdings in Hennessy Advisors by 1.9% during the second 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 during the period. Finally, Geode Capital Management LLC boosted 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 valued at $452,000 after acquiring an additional 11,877 shares during the period. Institutional investors 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.