Hennessy Advisors (NASDAQ:HNNA) Announces Quarterly Earnings Results

Hennessy Advisors (NASDAQ:HNNA) posted its quarterly earnings data on Thursday. The asset manager reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. Hennessy Advisors had a net margin of 26.64% and a return on equity of 7.92%.

Hennessy Advisors Stock Up 1.4 %

Hennessy Advisors stock traded up $0.17 during midday trading on Thursday, hitting $12.17. 5,884 shares of the stock were exchanged, compared to its average volume of 9,712. Hennessy Advisors has a 1 year low of $6.50 and a 1 year high of $13.88. The company has a debt-to-equity ratio of 0.43, a current ratio of 13.78 and a quick ratio of 13.78. The firm has a market cap of $94.68 million, a P/E ratio of 13.23 and a beta of 0.77. The company has a 50 day moving average price of $12.27 and a two-hundred day moving average price of $10.74.

Insider Buying and Selling at Hennessy Advisors

In other Hennessy Advisors news, VP Daniel B. Steadman sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $12.19, for a total value of $39,008.00. Following the transaction, the vice president now directly owns 47,242 shares of the company’s stock, valued at $575,879.98. This represents a 6.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas L. Seavey sold 11,074 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was sold at an average price of $11.44, for a total transaction of $126,686.56. Following 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 a total of 31,083 shares of company stock valued at $367,315 in the last ninety days. 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.