Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Free Report) VP Daniel B. Steadman sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $11.75, for a total value of $34,075.00. Following the completion of the sale, the vice president now directly owns 44,342 shares in the company, valued at approximately $521,018.50. The trade was a 6.14 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hennessy Advisors Stock Up 1.2 %
Shares of NASDAQ HNNA opened at $11.98 on Monday. The firm has a market cap of $93.20 million, a price-to-earnings ratio of 13.02 and a beta of 0.80. The company has a quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. Hennessy Advisors, Inc. has a 52-week low of $6.38 and a 52-week high of $13.88. The business’s 50 day moving average is $10.84 and its two-hundred day moving average is $9.48.
Hennessy Advisors Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, November 14th. Hennessy Advisors’s payout ratio is 59.78%.
Institutional Trading of Hennessy Advisors
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.
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