Brian A. Hennessy Buys 3,500 Shares of Hennessy Advisors, Inc. (HNNA) Stock
Hennessy Advisors, Inc. (NASDAQ:HNNA) Director Brian A. Hennessy purchased 3,500 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were purchased at an average price of $15.44 per share, with a total value of $54,040.00. Following the completion of the purchase, the director now owns 294,321 shares in the company, valued at $4,544,316.24. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Hennessy Advisors, Inc. (HNNA) opened at 14.97 on Friday. Hennessy Advisors, Inc. has a 1-year low of $13.88 and a 1-year high of $36.20. The company has a market capitalization of $115.12 million, a P/E ratio of 7.72 and a beta of 1.26. The firm’s 50 day moving average price is $15.35 and its 200-day moving average price is $15.99.
Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.51 earnings per share (EPS) for the quarter. Hennessy Advisors had a return on equity of 34.81% and a net margin of 28.36%. The firm had revenue of $13.18 million during the quarter. Analysts expect that Hennessy Advisors, Inc. will post $2.04 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Thursday, August 17th were paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 15th. Hennessy Advisors’s payout ratio is 15.57%.
A number of hedge funds have recently made changes to their positions in HNNA. Mountain Capital Investment Advisors Inc purchased a new position in Hennessy Advisors during the second quarter valued at approximately $110,000. Citigroup Inc. raised its position in Hennessy Advisors by 55.9% during the second quarter. Citigroup Inc. now owns 8,113 shares of the asset manager’s stock valued at $123,000 after acquiring an additional 2,909 shares in the last quarter. Susquehanna International Group LLP purchased a new position in Hennessy Advisors during the second quarter valued at approximately $181,000. Greatmark Investment Partners Inc. purchased a new position in Hennessy Advisors during the second quarter valued at approximately $239,000. Finally, Weber Alan W purchased a new position in Hennessy Advisors during the second quarter valued at approximately $297,000. Institutional investors own 15.77% of the company’s stock.
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 to the Hennessy Funds. Its investment advisory services include managing the composition of each fund’s portfolio, including the purchase, retention and disposition of portfolio securities in accordance with the Fund’s investment objectives, policies and restrictions; conducting investment research, and monitoring compliance with each fund’s investment restrictions and applicable laws and regulations.
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