Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Sells $126,686.56 in Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 11,074 shares of the stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following the sale, the director now owns 70,429 shares of the company’s stock, valued at $805,707.76. This trade represents a 13.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Hennessy Advisors Stock Up 1.2 %

Hennessy Advisors stock opened at $11.98 on Friday. The stock has a 50 day moving average of $10.84 and a two-hundred day moving average of $9.47. Hennessy Advisors, Inc. has a twelve month low of $6.38 and a twelve month high of $13.88. The stock has a market capitalization of $93.20 million, a price-to-earnings ratio of 13.02 and a beta of 0.80. The company has a current ratio of 17.39, a quick 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 given a $0.138 dividend. 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 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Several institutional investors have recently bought and sold shares of the company. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Hennessy Advisors in the third quarter valued at about $518,000. Renaissance Technologies LLC lifted its position in Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after purchasing an additional 1,813 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 11,877 shares in the last quarter. 10.31% of the stock is owned by institutional investors and hedge funds.

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.