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

Hennessy Advisors, Inc. (NASDAQ:HNNA) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.1375 per share by the asset manager on Thursday, March 6th. This represents a $0.55 annualized dividend and a yield of 4.51%. The ex-dividend date of this dividend is Monday, February 24th.

Hennessy Advisors Stock Performance

Shares of NASDAQ:HNNA opened at $12.20 on Friday. The firm has a market capitalization of $94.91 million, a PE ratio of 10.89 and a beta of 0.77. The company has a debt-to-equity ratio of 0.42, a current ratio of 18.29 and a quick ratio of 18.29. The business has a 50-day moving average of $12.23 and a two-hundred day moving average of $10.93. Hennessy Advisors has a 12 month low of $6.60 and a 12 month high of $13.88.

Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings results on Thursday, February 13th. The asset manager reported $0.36 EPS for the quarter. The company had revenue of $9.71 million during the quarter. Hennessy Advisors had a return on equity of 9.60% and a net margin of 26.29%.

Insiders Place Their Bets

In other news, VP Daniel B. Steadman sold 3,200 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total value of $39,008.00. Following the completion of the sale, the vice president now owns 47,242 shares of the company’s stock, valued at $575,879.98. This represents a 6.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas L. Seavey sold 11,074 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $11.44, for a total value of $126,686.56. Following the completion of the sale, the director now directly owns 70,429 shares of the company’s stock, valued at $805,707.76. The trade was a 13.59 % 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 three months. 37.40% of the stock is owned by insiders.

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.