Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey Sells 11,074 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 11,074 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $11.44, for a total value of $126,686.56. Following the completion of the transaction, the director now directly owns 70,429 shares in the company, valued at $805,707.76. This trade represents a 13.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hennessy Advisors Stock Up 1.2 %

NASDAQ:HNNA traded up $0.14 during mid-day trading on Friday, hitting $11.98. The company had a trading volume of 23,217 shares, compared to its average volume of 9,393. The business has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $9.42. 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 $6.38 and a 1 year high of $13.88. The firm has a market capitalization of $93.20 million, a price-to-earnings ratio of 13.02 and a beta of 0.80.

Hennessy Advisors Announces Dividend

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 of this dividend was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in shares of Hennessy Advisors by 1.9% during the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock valued at $681,000 after acquiring an additional 1,813 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of Hennessy Advisors during the third quarter valued at about $518,000. Finally, Geode Capital Management LLC grew its stake in shares of Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after acquiring an additional 11,877 shares in the last quarter. 10.31% of the stock is owned by hedge funds and other 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.