Hennessy Advisors (NASDAQ:HNNA) Stock Price Crosses Below Fifty Day Moving Average of $11.47

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Hennessy Advisors Inc (NASDAQ:HNNA) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.47 and traded as low as $10.24. Hennessy Advisors shares last traded at $10.24, with a volume of 700 shares trading hands.

The firm has a 50 day simple moving average of $11.47 and a 200 day simple moving average of $10.34. The firm has a market capitalization of $76.36 million, a PE ratio of 7.17 and a beta of 0.90. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 0.17.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Tuesday, November 12th were paid a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date was Friday, November 8th.

In other news, COO Teresa M. Nilsen sold 2,500 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $10.20, for a total transaction of $25,500.00. Following the completion of the sale, the chief operating officer now directly owns 150,667 shares in the company, valued at $1,536,803.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 40.73% of the company’s stock.

Several institutional investors have recently made changes to their positions in HNNA. Tower Research Capital LLC TRC increased its stake in shares of Hennessy Advisors by 78.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,447 shares of the asset manager’s stock valued at $33,000 after purchasing an additional 1,515 shares in the last quarter. Cambridge Investment Research Advisors Inc. purchased a new position in Hennessy Advisors in the second quarter worth $98,000. Yorktown Management & Research Co Inc purchased a new position in Hennessy Advisors in the third quarter worth $212,000. Finally, Renaissance Technologies LLC lifted its holdings in Hennessy Advisors by 4.5% in the second quarter. Renaissance Technologies LLC now owns 87,720 shares of the asset manager’s stock valued at $851,000 after acquiring an additional 3,770 shares during the period. Institutional investors own 11.26% of the company’s stock.

Hennessy Advisors Company Profile (NASDAQ:HNNA)

Hennessy Advisors, Inc is publicly 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.

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