Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) 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 transaction of $87,954.90. Following the sale, the director now directly owns 83,160 shares of the company's stock, valued at $1,006,236. This represents a 8.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
NASDAQ HNNA traded up $0.28 during trading hours on Thursday, reaching $11.84. 23,889 shares of the stock traded hands, compared to its average volume of 9,335. 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 stock has a 50 day simple moving average of $10.75 and a two-hundred day simple moving average of $9.41. Hennessy Advisors, Inc. has a 1 year low of $6.38 and a 1 year high of $13.88. The company has a market cap of $92.12 million, a price-to-earnings ratio of 12.87 and a beta of 0.80.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors's payout ratio is currently 59.78%.
Large investors have recently made changes to their positions in the business. Geode Capital Management LLC boosted its stake in shares of Hennessy Advisors by 35.5% in the 3rd quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager's stock valued at $452,000 after purchasing an additional 11,877 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in shares of Hennessy Advisors during the third quarter valued at about $518,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager's stock worth $681,000 after buying an additional 1,813 shares during the period. 10.31% of the stock is owned by hedge funds and other institutional investors.
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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