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 firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $12.02, for a total value of $22,874.06. Following the completion of the sale, the vice president now directly owns 42,439 shares of the company’s stock, valued at $510,116.78. The trade was a 4.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hennessy Advisors Stock Down 0.7 %

Hennessy Advisors stock traded down $0.08 during midday trading on Thursday, reaching $11.92. The company’s stock had a trading volume of 14,586 shares, compared to its average volume of 9,426. The stock has a market capitalization of $92.79 million, a P/E ratio of 12.96 and a beta of 0.80. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-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. The stock’s 50-day simple moving average is $10.97 and its 200-day simple moving average is $9.57.

Hennessy Advisors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were issued a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Institutional Trading of Hennessy Advisors

Several large investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its holdings 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 last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of Hennessy Advisors in the 3rd quarter valued at $518,000. 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 worth $452,000 after buying an additional 11,877 shares in the last quarter. Hedge funds and other 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.