Hennessy Advisors, Inc. (NASDAQ:HNNA) Announces $0.14 Quarterly Dividend

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Investors 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 4.44%. The ex-dividend date is Monday, February 24th.

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 (NASDAQ:HNNA) last posted its earnings results on Thursday, February 13th. The asset manager reported $0.36 earnings per share for the quarter. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Insider Transactions at Hennessy Advisors

In related news, VP Daniel B. Steadman sold 3,200 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $12.19, for a total transaction of $39,008.00. Following the completion of the transaction, the vice president now owns 47,242 shares of the company’s stock, valued at approximately $575,879.98. The trade was a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas L. Seavey sold 7,269 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $12.10, for a total transaction of $87,954.90. Following the transaction, the director now directly owns 83,160 shares of the company’s stock, valued at approximately $1,006,236. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,083 shares of company stock worth $367,315 over the last quarter. Corporate insiders own 37.40% of the company’s stock.

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.