Hennessy Advisors (NASDAQ:HNNA) Posts Earnings Results

Hennessy Advisors (NASDAQ:HNNA) released its quarterly earnings results on Thursday. The asset manager reported $0.36 earnings per share for the quarter, Zacks reports. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Hennessy Advisors Stock Performance

NASDAQ HNNA opened at $12.40 on Friday. Hennessy Advisors has a 52-week low of $6.51 and a 52-week high of $13.88. The company has a 50-day simple moving average of $12.27 and a 200 day simple moving average of $10.78. The company has a debt-to-equity ratio of 0.43, a quick ratio of 13.78 and a current ratio of 13.78. The company has a market capitalization of $96.47 million, a PE ratio of 13.48 and a beta of 0.77.

Hennessy Advisors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.55 dividend on an annualized basis and a yield of 4.44%. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Insider Buying and Selling

In related news, VP Daniel B. Steadman sold 3,407 shares of the firm’s stock in a transaction dated Thursday, December 26th. The shares were sold at an average price of $11.99, for a total transaction of $40,849.93. Following the completion of the sale, the vice president now owns 38,282 shares in the company, valued at approximately $459,001.18. This trade represents a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Thomas L. Seavey sold 11,074 shares of Hennessy Advisors stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following the completion of the transaction, the director now owns 70,429 shares of the company’s stock, valued at $805,707.76. The trade was a 13.59 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 31,083 shares of company stock worth $367,315. Insiders own 37.40% 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.