Thomas L. Seavey Sells 7,269 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 7,269 shares of Hennessy Advisors stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total value of $87,954.90. Following the sale, the director now owns 83,160 shares in the company, valued at $1,006,236. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Hennessy Advisors Trading Up 1.2 %

Shares of Hennessy Advisors stock opened at $11.98 on Friday. The stock has a fifty day moving average price of $10.84 and a 200-day moving average price of $9.47. 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 firm has a market cap of $93.20 million, a PE ratio of 13.02 and a beta of 0.80. Hennessy Advisors, Inc. has a 1 year low of $6.38 and a 1 year high of $13.88.

Hennessy Advisors Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 4.61%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio is 59.78%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake 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. purchased a new position in shares of Hennessy Advisors during the 3rd quarter valued at $518,000. Finally, Geode Capital Management LLC grew its stake in shares of Hennessy Advisors by 35.5% during the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after acquiring an additional 11,877 shares during the period. 10.31% of the stock is owned by institutional investors.

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.