Hennessy Advisors Inc (HNNA) EVP Daniel B. Steadman Sells 10,000 Shares
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%.
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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