Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia Sells 1,073 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia sold 1,073 shares of Hennessy Advisors stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $9.82, for a total value of $10,536.86. Following the transaction, the director now directly owns 53,464 shares in the company, valued at approximately $525,016.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hennessy Advisors Stock Up 4.4 %

HNNA stock opened at $9.81 on Monday. The stock’s fifty day simple moving average is $9.43 and its two-hundred day simple moving average is $7.91. 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, Inc. has a 1-year low of $6.33 and a 1-year high of $11.99. The stock has a market cap of $75.33 million, a P/E ratio of 14.43 and a beta of 0.80.

Hennessy Advisors (NASDAQ:HNNA) last posted its quarterly earnings data on Thursday, August 8th. The asset manager reported $0.26 earnings per share for the quarter. Hennessy Advisors had a return on equity of 6.89% and a net margin of 22.53%. The business had revenue of $7.79 million for the quarter.

Hennessy Advisors Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Thursday, August 22nd were given a $0.138 dividend. The ex-dividend date of this dividend was Thursday, August 22nd. This represents a $0.55 annualized dividend and a yield of 5.63%. Hennessy Advisors’s dividend payout ratio is currently 80.88%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hennessy Advisors stock. Renaissance Technologies LLC grew its position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 95,588 shares of the asset manager’s stock after buying an additional 1,813 shares during the period. Renaissance Technologies LLC owned 1.24% of Hennessy Advisors worth $681,000 at the end of the most recent reporting period. 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.