Hennessy Advisors Inc. (NASDAQ:HNNA) insider Daniel B. Steadman sold 3,850 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $35.24, for a total value of $135,674.00. Following the completion of the sale, the insider now directly owns 36,160 shares of the company’s stock, valued at approximately $1,274,278.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Hennessy Advisors Inc. (NASDAQ:HNNA) opened at 35.13 on Tuesday. The firm has a market cap of $177.97 million, a P/E ratio of 13.18 and a beta of 0.86. The stock has a 50 day moving average price of $35.95 and a 200 day moving average price of $33.06. Hennessy Advisors Inc. has a 12-month low of $23.19 and a 12-month high of $39.50.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Thursday, August 18th were issued a $0.08 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $0.32 dividend on an annualized basis and a yield of 0.91%. Hennessy Advisors’s payout ratio is currently 11.94%.
About Hennessy Advisors
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 & 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 companies with MarketBeat.com's FREE daily email newsletter.