Daniel B. Steadman Sells 3,200 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) VP Daniel B. Steadman sold 3,200 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $12.19, for a total value of $39,008.00. Following the sale, the vice president now directly owns 47,242 shares in the company, valued at $575,879.98. This trade represents a 6.34 % decrease in their position. The sale was disclosed in a 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 current ratio of 17.39, a quick ratio of 17.39 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $93.20 million, a PE ratio of 13.02 and a beta of 0.80. The stock’s fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $9.48. Hennessy Advisors, Inc. has a 12-month low of $6.38 and a 12-month high of $13.88.

Hennessy Advisors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Thursday, November 14th were given a $0.138 dividend. 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 payout ratio is 59.78%.

Institutional Trading of Hennessy Advisors

A number of institutional investors have recently made changes to their positions in the business. Renaissance Technologies LLC boosted its position in shares of Hennessy Advisors by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock worth $681,000 after purchasing an additional 1,813 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hennessy Advisors in the 3rd quarter worth $518,000. Finally, Geode Capital Management LLC boosted its position in shares of Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after purchasing an additional 11,877 shares in the last quarter. Institutional investors and hedge funds own 10.31% of the company’s stock.

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.