Insider Selling: Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Sells 1,073 Shares of Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia sold 1,073 shares of Hennessy Advisors stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $9.82, for a total value of $10,536.86. Following the completion of the sale, the director now owns 53,464 shares of the company’s stock, valued at $525,016.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Hennessy Advisors Stock Performance

Shares of NASDAQ HNNA opened at $9.81 on Friday. The firm’s 50-day moving average price is $9.43 and its 200-day moving average price is $7.90. Hennessy Advisors, Inc. has a 52-week low of $6.33 and a 52-week high of $11.99. The company has a market cap of $75.33 million, a PE ratio of 14.43 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 (NASDAQ:HNNA) last issued its earnings results on Thursday, August 8th. The asset manager reported $0.26 earnings per share (EPS) for the quarter. The company had revenue of $7.79 million for the quarter. Hennessy Advisors had a net margin of 22.53% and a return on equity of 6.89%.

Hennessy Advisors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Thursday, August 22nd were given a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date of this dividend was Thursday, August 22nd. Hennessy Advisors’s dividend payout ratio (DPR) is presently 80.88%.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Hennessy Advisors stock. Renaissance Technologies LLC lifted its holdings in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 95,588 shares of the asset manager’s stock after purchasing an additional 1,813 shares during the period. Renaissance Technologies LLC owned about 1.24% of Hennessy Advisors worth $681,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.31% 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.