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 stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total value of $87,954.90. Following the transaction, the director now owns 83,160 shares in the company, valued at $1,006,236. The trade was a 8.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Hennessy Advisors Trading Up 1.2 %

HNNA stock opened at $11.98 on Friday. Hennessy Advisors, Inc. has a 52 week low of $6.38 and a 52 week high of $13.88. The company has a market capitalization of $93.20 million, a PE ratio of 13.02 and a beta of 0.80. The company’s 50-day simple moving average is $10.84 and its 200 day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.44, a quick ratio of 17.39 and a current ratio of 17.39.

Hennessy Advisors Announces Dividend

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

Institutional Investors Weigh In On Hennessy Advisors

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC grew its position in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock worth $452,000 after buying an additional 11,877 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Hennessy Advisors during the 3rd quarter valued at $518,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Hennessy Advisors by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager’s stock worth $681,000 after purchasing an additional 1,813 shares in the last quarter. 10.31% of the stock is currently owned by institutional investors and hedge funds.

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.