Thomas L. Seavey Sells 7,269 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Thomas L. Seavey sold 7,269 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $12.10, for a total transaction of $87,954.90. Following the completion of the sale, the director now owns 83,160 shares of the company’s stock, valued at $1,006,236. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Hennessy Advisors Price Performance

NASDAQ:HNNA opened at $11.98 on Friday. Hennessy Advisors, Inc. has a 12-month low of $6.38 and a 12-month 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. The stock’s 50 day moving average price is $10.84 and its two-hundred day moving average price is $9.45. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Thursday, November 14th were paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 4.61%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 59.78%.

Hedge Funds Weigh In On Hennessy Advisors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position 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 valued at $681,000 after purchasing an additional 1,813 shares during the period. Geode Capital Management LLC grew its stake in 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 buying an additional 11,877 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in Hennessy Advisors in the 3rd quarter valued at about $518,000. 10.31% of the stock is owned by 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.