Susan Weber Pomilia Sells 1,073 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

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

Hennessy Advisors Stock Performance

Shares of HNNA opened at $9.81 on Friday. The company has a quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. The stock has a market cap of $75.33 million, a P/E ratio of 14.43 and a beta of 0.80. The business’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.

Hennessy Advisors (NASDAQ:HNNA) last released its earnings results on Thursday, August 8th. The asset manager reported $0.26 EPS for the quarter. Hennessy Advisors had a return on equity of 6.89% and a net margin of 22.53%. The business had revenue of $7.79 million for the quarter.

Hennessy Advisors Announces Dividend

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 annualized dividend 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 80.88%.

Institutional Trading of Hennessy Advisors

A hedge fund recently raised its stake in Hennessy Advisors stock. Renaissance Technologies LLC grew its position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,588 shares of the asset manager’s stock after buying an additional 1,813 shares during the quarter. Renaissance Technologies LLC owned 1.24% of Hennessy Advisors worth $681,000 as of its most recent filing with the Securities & Exchange Commission. 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.