Hennessy Advisors (NASDAQ:HNNA) Announces Earnings Results

Hennessy Advisors (NASDAQ:HNNA) announced its quarterly earnings results on Thursday. The asset manager reported $0.36 earnings per share 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 %

Shares of HNNA opened at $12.17 on Friday. The firm has a market cap of $94.68 million, a PE ratio of 13.23 and a beta of 0.77. The company’s fifty day moving average is $12.27 and its two-hundred day moving average is $10.74. Hennessy Advisors has a fifty-two week low of $6.50 and a fifty-two week high of $13.88. The company has a quick ratio of 13.78, a current ratio of 13.78 and a debt-to-equity ratio of 0.43.

Insider Buying and Selling at Hennessy Advisors

In other news, VP Daniel B. Steadman sold 3,407 shares of the firm’s stock in a transaction on Thursday, December 26th. The shares were sold at an average price of $11.99, for a total value of $40,849.93. Following the transaction, the vice president now owns 38,282 shares of the company’s stock, valued at approximately $459,001.18. This trade represents a 8.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Thomas L. Seavey sold 7,269 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $12.10, for a total transaction of $87,954.90. Following the completion of the transaction, the director now directly owns 83,160 shares in the company, valued at approximately $1,006,236. This represents a 8.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 31,083 shares of company stock worth $367,315 in the last quarter. 37.40% of the stock is owned by insiders.

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.