Hennessy Advisors Inc (NASDAQ:HNNA) EVP Daniel B. Steadman sold 10,000 shares of the stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $16.90, for a total transaction of $169,000.00. Following the completion of the sale, the executive vice president now owns 58,460 shares in the company, valued at $987,974. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Hennessy Advisors Inc (HNNA) traded down $0.53 during trading hours on Tuesday, hitting $15.99. 6,600 shares of the company were exchanged, compared to its average volume of 14,083. The firm has a market cap of $124.77, a P/E ratio of 8.73 and a beta of 1.31. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 0.42. Hennessy Advisors Inc has a 1-year low of $13.88 and a 1-year high of $21.69.

The company also recently declared a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a $0.075 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.88%. Hennessy Advisors’s dividend payout ratio is 15.38%.

Large investors have recently made changes to their positions in the stock. Mountain Capital Investment Advisors Inc acquired a new stake in shares of Hennessy Advisors in the 2nd quarter valued at approximately $110,000. Citigroup Inc. raised its position in shares of Hennessy Advisors by 55.9% in the 2nd quarter. Citigroup Inc. now owns 8,113 shares of the asset manager’s stock valued at $123,000 after acquiring an additional 2,909 shares during the period. Susquehanna International Group LLP acquired a new stake in shares of Hennessy Advisors in the 2nd quarter valued at approximately $181,000. Dimensional Fund Advisors LP raised its position in shares of Hennessy Advisors by 65.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 34,197 shares of the asset manager’s stock valued at $528,000 after acquiring an additional 13,475 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Hennessy Advisors by 6,898.3% in the 2nd quarter. Legal & General Group Plc now owns 48,988 shares of the asset manager’s stock valued at $744,000 after acquiring an additional 48,288 shares during the period. Institutional investors and hedge funds own 15.25% of the company’s stock.

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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 to the Hennessy Funds. Its investment advisory services include managing the composition of each fund’s portfolio, including the purchase, retention and disposition of portfolio securities in accordance with the Fund’s investment objectives, policies and restrictions; conducting investment research, and monitoring compliance with each fund’s investment restrictions and applicable laws and regulations.

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