Insider Selling: Rodger Offenbach Sells 2,990 Shares of Hennessy Advisors Stock (HNNA)
Hennessy Advisors (NASDAQ:HNNA) Director Rodger Offenbach unloaded 2,990 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $15.11, for a total transaction of $45,178.90. Following the completion of the transaction, the director now directly owns 67,053 shares in the company, valued at approximately $1,013,171. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Hennessy Advisors (NASDAQ:HNNA) traded up 1.23% during mid-day trading on Friday, hitting $15.25. 3,504 shares of the company’s stock traded hands. Hennessy Advisors has a 52 week low of $7.00 and a 52 week high of $15.50. The stock’s 50-day moving average is $13.10 and its 200-day moving average is $12.0. The company has a market cap of $90.1 million and a P/E ratio of 14.36.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 12th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Friday, May 16th.
Hennessy Advisors, Inc is an investment management firm. The Company is engaged in managing, servicing and marketing its 10 open-end mutual funds.
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