Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) CEO Neil J. Hennessy bought 6,800 shares of the stock in a transaction dated Monday, May 22nd. The shares were acquired at an average price of $6.87 per share, with a total value of $46,716.00. Following the completion of the acquisition, the chief executive officer now directly owns 2,038,785 shares of the company’s stock, valued at approximately $14,006,452.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Hennessy Advisors Trading Up 3.5 %
Hennessy Advisors stock opened at $7.01 on Friday. The business’s fifty day simple moving average is $7.46 and its two-hundred day simple moving average is $8.36. The company has a current ratio of 23.13, a quick ratio of 23.13 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $53.14 million, a price-to-earnings ratio of 10.62 and a beta of 0.90. Hennessy Advisors, Inc. has a 12 month low of $6.75 and a 12 month high of $10.95.
Hennessy Advisors Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 7.87%. This is an increase from Hennessy Advisors’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Monday, May 22nd. Hennessy Advisors’s dividend payout ratio (DPR) is currently 83.33%.
Institutional Investors Weigh In On Hennessy Advisors
Hennessy Advisors Company Profile
Hennessy Advisors, Inc investment management firm, which engages in managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It manages domestic equity, multi-asset, or sector and specialty products. The company was founded by Neil Joseph Hennessy on February 1, 1989 and is headquartered in Novato, CA.
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