Insider Selling: Hennessy Advisors Inc. (HNNA) CFO Sells $70,420.00 in Stock
Hennessy Advisors Inc. (NASDAQ:HNNA) CFO Teresa M. Nilsen sold 2,000 shares of Hennessy Advisors stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $35.21, for a total transaction of $70,420.00. Following the completion of the sale, the chief financial officer now directly owns 98,659 shares of the company’s stock, valued at $3,473,783.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Teresa M. Nilsen also recently made the following trade(s):
- On Friday, September 23rd, Teresa M. Nilsen sold 4,000 shares of Hennessy Advisors stock. The stock was sold at an average price of $34.96, for a total transaction of $139,840.00.
Shares of Hennessy Advisors Inc. (NASDAQ:HNNA) opened at 35.47 on Monday. The firm has a 50-day moving average of $35.64 and a 200 day moving average of $33.21. The stock has a market capitalization of $179.69 million, a PE ratio of 13.31 and a beta of 0.84. Hennessy Advisors Inc. has a 1-year low of $23.86 and a 1-year high of $39.50.
The company also recently announced a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Thursday, August 18th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend was Tuesday, August 16th. Hennessy Advisors’s dividend payout ratio (DPR) is 11.94%.
Hennessy Advisors Company Profile
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.
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