Hennessy Advisors (NASDAQ:HNNA) Announces Quarterly Earnings Results

Hennessy Advisors (NASDAQ:HNNA) announced its quarterly earnings results on Thursday. The asset manager reported $0.36 earnings per share (EPS) for the quarter, Zacks reports. Hennessy Advisors had a return on equity of 7.92% and a net margin of 26.64%.

Hennessy Advisors Stock Performance

Shares of HNNA traded up $0.17 during trading hours on Thursday, hitting $12.17. The stock had a trading volume of 5,884 shares, compared to its average volume of 9,712. The firm has a 50-day moving average price of $12.27 and a 200 day moving average price of $10.74. Hennessy Advisors has a fifty-two week low of $6.50 and a fifty-two week high of $13.88. The firm has a market capitalization of $94.68 million, a price-to-earnings ratio of 13.23 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a quick ratio of 13.78 and a current ratio of 13.78.

Insider Activity at Hennessy Advisors

In other Hennessy Advisors news, Director Thomas L. Seavey sold 7,269 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $12.10, for a total transaction of $87,954.90. Following the transaction, the director now owns 83,160 shares in the company, valued at approximately $1,006,236. This represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Daniel B. Steadman sold 2,900 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $11.75, for a total value of $34,075.00. Following the completion of the sale, the vice president now owns 44,342 shares of the company’s stock, valued at $521,018.50. This trade represents a 6.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,083 shares of company stock worth $367,315. 37.40% of the stock is owned by company insiders.

About Hennessy Advisors

Hennessy Advisors, Inc is an employee owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies.