Hennessy Advisors (HNNA) Projected to Post Earnings on Tuesday

Key Points

• Hennessy Advisors is expected to report results before the market opens on Tuesday, May 5, with analysts forecasting $0.33 EPS and $9.61 million in revenue; last quarter it reported $0.24 EPS and $8.32 million in revenue.
• The firm raised its quarterly dividend to $0.15 (a $0.60 annualized payout), representing a 6.1% yield and a dividend payout ratio of about 52.6%.
• HNNA trades with a market capitalization of roughly $77.5 million, a PE of about 8.6, a 52‑week range of $8.90–$13.19, and institutional ownership near 10.3% after recent hedge fund buying.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) is expected to post its results before the market opens on Tuesday, May 5th. Analysts expect Hennessy Advisors to post earnings of $0.33 per share and revenue of $9.61 million for the quarter.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last released its quarterly earnings results on Thursday, February 5th. The asset manager reported $0.24 earnings per share for the quarter. The business had revenue of $8.32 million for the quarter. Hennessy Advisors had a net margin of 26.52% and a return on equity of 9.33%.

Hennessy Advisors Price Performance

NASDAQ:HNNA traded up $0.06 during trading hours on Tuesday, hitting $9.82. The company had a trading volume of 299 shares, compared to its average volume of 13,565. The company has a market capitalization of $77.46 million, a PE ratio of 8.61 and a beta of 0.65. The stock has a 50-day moving average price of $9.82 and a 200 day moving average price of $9.88. Hennessy Advisors has a 52 week low of $8.90 and a 52 week high of $13.19.

Hennessy Advisors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 4th. Investors of record on Wednesday, February 18th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 6.1%. This is an increase from Hennessy Advisors's previous quarterly dividend of $0.14. The ex-dividend date was Wednesday, February 18th. Hennessy Advisors's dividend payout ratio (DPR) is presently 52.63%.

Institutional Trading of Hennessy Advisors

A number of hedge funds have recently modified their holdings of HNNA. Citadel Advisors LLC bought a new stake in shares of Hennessy Advisors during the 3rd quarter valued at $218,000. Evergreen Capital Management LLC bought a new stake in shares of Hennessy Advisors during the 2nd quarter valued at $190,000. Susquehanna International Group LLP boosted its holdings in shares of Hennessy Advisors by 108.5% during the 3rd quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager's stock valued at $280,000 after buying an additional 13,819 shares in the last quarter. Truffle Hound Capital LLC boosted its holdings in shares of Hennessy Advisors by 6.1% during the 4th quarter. Truffle Hound Capital LLC now owns 160,000 shares of the asset manager's stock valued at $1,536,000 after buying an additional 9,143 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Hennessy Advisors by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 56,478 shares of the asset manager's stock valued at $542,000 after buying an additional 1,873 shares in the last quarter. Institutional investors own 10.31% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Hennessy Advisors in a report on Friday, March 27th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

About Hennessy Advisors

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm's product lineup includes multiple closed-end funds that invest in U.S.

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