Hennessy Advisors Inc. (NASDAQ:HNNA) insider Daniel B. Steadman sold 3,850 shares of the company’s stock in a transaction on Tuesday, September 20th. The shares were sold at an average price of $35.24, for a total value of $135,674.00. Following the completion of the sale, the insider now owns 36,160 shares in the company, valued at $1,274,278.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Hennessy Advisors Inc. (NASDAQ:HNNA) opened at 33.28 on Thursday. The stock has a 50 day moving average price of $35.98 and a 200 day moving average price of $32.82. The stock has a market capitalization of $168.60 million, a P/E ratio of 12.49 and a beta of 0.86. Hennessy Advisors Inc. has a 12 month low of $23.16 and a 12 month high of $39.50.

The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Investors of record on Thursday, August 18th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 16th. Hennessy Advisors’s dividend payout ratio (DPR) is 11.94%.

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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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