Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) CEO Neil J. Hennessy purchased 5,200 shares of Hennessy Advisors stock in a transaction that occurred on Friday, May 19th. The shares were bought at an average cost of $6.95 per share, with a total value of $36,140.00. Following the completion of the transaction, the chief executive officer now directly owns 2,031,985 shares of the company’s stock, valued at approximately $14,122,295.75. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Hennessy Advisors Stock Performance
Shares of NASDAQ HNNA opened at $7.01 on Friday. The stock has a 50 day moving average price of $7.46 and a 200 day moving average price of $8.36. Hennessy Advisors, Inc. has a 52 week low of $6.75 and a 52 week high of $10.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 23.13 and a current ratio of 23.13. The stock has a market capitalization of $53.14 million, a PE ratio of 10.62 and a beta of 0.90.
Hennessy Advisors Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Tuesday, May 23rd will be given a dividend of $0.138 per share. The ex-dividend date is Monday, May 22nd. This is a boost from Hennessy Advisors’s previous quarterly dividend of $0.14. This represents a $0.55 annualized dividend and a yield of 7.87%. Hennessy Advisors’s dividend payout ratio is 83.33%.
Institutional Inflows and Outflows
About Hennessy Advisors
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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