Daniel B. Steadman Sells 2,341 Shares of Hennessy Advisors Inc. (HNNA) Stock
Hennessy Advisors Inc. (NASDAQ:HNNA) insider Daniel B. Steadman sold 2,341 shares of the stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $35.15, for a total value of $82,286.15. Following the sale, the insider now directly owns 42,965 shares of the company’s stock, valued at $1,510,219.75. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of Hennessy Advisors Inc. (NASDAQ:HNNA) opened at 34.98 on Friday. The firm has a market capitalization of $177.21 million, a PE ratio of 13.13 and a beta of 0.86. The firm’s 50-day moving average price is $35.71 and its 200-day moving average price is $33.15. Hennessy Advisors Inc. has a 52-week low of $23.84 and a 52-week high of $39.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Stockholders of record on Thursday, August 18th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Tuesday, August 16th. Hennessy Advisors’s payout ratio is 11.94%.
Hennessy Advisors Company Profile
Hennessy Advisors, Inc is an investment management company. The Company’s business activity is managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It provides investment advisory services and shareholder services. It manages its mutual funds that are categorized as Domestic Equity, Balanced and Fixed Income, or Sector and Specialty.
Receive News & Stock Ratings for Hennessy Advisors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennessy Advisors Inc. and related stocks with our FREE daily email newsletter.