Kathryn Fahy Sells 8,000 Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) Stock

Hennessy Advisors, Inc. (NASDAQ:HNNA) CFO Kathryn Fahy sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $11.07, for a total transaction of $88,560.00. Following the completion of the transaction, the chief financial officer now owns 74,211 shares of the company’s stock, valued at $821,515.77. This trade represents a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hennessy Advisors Trading Down 0.5 %

Shares of HNNA opened at $11.19 on Friday. The stock’s fifty day simple moving average is $12.18 and its 200-day simple moving average is $11.00. The firm has a market capitalization of $87.10 million, a PE ratio of 9.99 and a beta of 0.77. Hennessy Advisors, Inc. has a 12-month low of $6.60 and a 12-month high of $13.88. The company has a quick ratio of 18.29, a current ratio of 18.29 and a debt-to-equity ratio of 0.42.

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

Hennessy Advisors Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, February 24th will be issued a $0.1375 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.55 dividend on an annualized basis and a yield of 4.92%. Hennessy Advisors’s dividend payout ratio is presently 49.11%.

Institutional Trading of Hennessy Advisors

A number of institutional investors and hedge funds have recently modified their holdings of HNNA. Geode Capital Management LLC grew its holdings in shares of 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 period. Redhawk Wealth Advisors Inc. lifted its holdings in Hennessy Advisors by 1.7% during the fourth quarter. Redhawk Wealth Advisors Inc. now owns 52,936 shares of the asset manager’s stock worth $671,000 after acquiring an additional 875 shares in the last quarter. Perigon Wealth Management LLC grew its stake in Hennessy Advisors by 33.1% in the fourth quarter. Perigon Wealth Management LLC now owns 63,798 shares of the asset manager’s stock valued at $778,000 after acquiring an additional 15,882 shares during the period. Allworth Financial LP bought a new stake in shares of Hennessy Advisors in the fourth quarter worth about $336,000. Finally, Navellier & Associates Inc. acquired a new stake in shares of Hennessy Advisors during the fourth quarter worth about $605,000. 10.31% of the stock is owned by institutional investors.

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.