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

Hennessy Advisors, Inc. (NASDAQ:HNNA) CFO Kathryn Fahy sold 8,000 shares of the business’s stock in a transaction dated 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 represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Hennessy Advisors Stock Down 0.5 %

Shares of NASDAQ HNNA traded down $0.06 during trading hours on Thursday, hitting $11.19. 12,226 shares of the stock were exchanged, compared to its average volume of 11,122. Hennessy Advisors, Inc. has a 12 month low of $6.60 and a 12 month high of $13.88. The firm has a fifty day moving average price of $12.18 and a 200-day moving average price of $11.00. The company has a quick ratio of 18.29, a current ratio of 18.29 and a debt-to-equity ratio of 0.42. The company has a market cap of $87.10 million, a PE ratio of 9.99 and a beta of 0.77.

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

Hennessy Advisors Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Quinn Opportunity Partners LLC acquired a new stake in shares of Hennessy Advisors during the fourth quarter worth $139,000. Allworth Financial LP acquired a new stake in Hennessy Advisors during the 4th quarter worth about $336,000. Northern Trust Corp grew its stake in Hennessy Advisors by 63.8% during the 4th quarter. Northern Trust Corp now owns 34,432 shares of the asset manager’s stock valued at $439,000 after purchasing an additional 13,407 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Hennessy Advisors by 35.5% in the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager’s stock valued at $452,000 after purchasing an additional 11,877 shares during the period. Finally, Navellier & Associates Inc. purchased a new position in shares of Hennessy Advisors in the fourth quarter worth about $605,000. Institutional investors and hedge funds own 10.31% 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.