Hennessy Advisors, Inc. (HNNA) to Issue Quarterly Dividend of $0.14 on March 6th

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.1375 per share by the asset manager on Thursday, March 6th. This represents a $0.55 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, February 24th.

Hennessy Advisors Stock Up 0.5 %

HNNA opened at $12.20 on Friday. The business’s fifty day moving average is $12.23 and its two-hundred day moving average is $10.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 18.29 and a current ratio of 18.29. The company has a market cap of $94.91 million, a price-to-earnings ratio of 10.89 and a beta of 0.77. Hennessy Advisors has a one year low of $6.60 and a one year high of $13.88.

Hennessy Advisors (NASDAQ:HNNA) last released its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 earnings per share for the quarter. Hennessy Advisors had a return on equity of 9.60% and a net margin of 26.29%. The company had revenue of $9.71 million during the quarter.

Insider Transactions at Hennessy Advisors

In other news, VP Daniel B. Steadman sold 3,407 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $11.99, for a total value of $40,849.93. Following the completion of the transaction, the vice president now directly owns 38,282 shares of the company’s stock, valued at $459,001.18. The trade was a 8.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas L. Seavey sold 11,074 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was 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 of the company’s stock, valued at approximately $805,707.76. This trade represents a 13.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,083 shares of company stock valued at $367,315 over the last three months. 37.40% of the stock is currently owned by insiders.

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.