Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia Sells 1,073 Shares

Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Susan Weber Pomilia sold 1,073 shares at an average price of $0.82, totaling $878.86. Post-sale, she retains 53,464 shares valued at approximately $43,016.48. The transaction was disclosed to the SEC. HNNA shares opened at $0.81, with a market cap of $33 million and a P/E ratio of 14.43. The company recently announced a quarterly dividend of $0.138 per share, yielding 5.63%. Renaissance Technologies LLC increased its stake in Hennessy Advisors by 1.9% in Q2.

Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) Director Susan Weber Pomilia sold 1,073 shares of the company's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $9.82, for a total value of $10,536.86. Following the completion of the sale, the director now owns 53,464 shares in the company, valued at $525,016.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hennessy Advisors Trading Up 4.4 %

Shares of HNNA stock opened at $9.81 on Friday. The company has a market capitalization of $75.33 million, a price-to-earnings ratio of 14.43 and a beta of 0.80. The company has a current ratio of 17.39, a quick ratio of 17.39 and a debt-to-equity ratio of 0.44. The firm has a 50-day moving average price of $9.39 and a 200 day moving average price of $7.88. Hennessy Advisors, Inc. has a twelve month low of $6.33 and a twelve month high of $11.99.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The asset manager reported $0.26 earnings per share for the quarter. Hennessy Advisors had a net margin of 22.53% and a return on equity of 6.89%. The business had revenue of $7.79 million during the quarter.

Hennessy Advisors Announces Dividend

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Thursday, August 22nd were issued a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.63%. The ex-dividend date of this dividend was Thursday, August 22nd. Hennessy Advisors's dividend payout ratio (DPR) is 80.88%.

Institutional Investors Weigh In On Hennessy Advisors

A hedge fund recently raised its stake in Hennessy Advisors stock. Renaissance Technologies LLC raised its stake in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA - Free Report) by 1.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,588 shares of the asset manager's stock after purchasing an additional 1,813 shares during the period. Renaissance Technologies LLC owned 1.24% of Hennessy Advisors worth $681,000 at the end of the most recent reporting period. 10.31% of the stock is currently owned by hedge funds and other institutional investors.

About Hennessy Advisors

(Get Free Report)

Hennessy Advisors, Inc is an employee 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.