Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $11.95 and traded as high as $12.30. Hennessy Advisors shares last traded at $11.84, with a volume of 7,366 shares traded.
Hennessy Advisors Stock Performance
The firm's 50-day moving average is $11.85 and its two-hundred day moving average is $11.15. The company has a current ratio of 15.58, a quick ratio of 15.58 and a debt-to-equity ratio of 0.41. The stock has a market cap of $86.00 million, a price-to-earnings ratio of 8.83 and a beta of 0.75.
Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last released its earnings results on Wednesday, August 6th. The asset manager reported $0.26 earnings per share for the quarter. Hennessy Advisors had a return on equity of 10.48% and a net margin of 27.55%.
Hennessy Advisors Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Wednesday, August 20th were issued a $0.1375 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $0.55 dividend on an annualized basis and a yield of 5.0%. Hennessy Advisors's dividend payout ratio is presently 44.00%.
Insiders Place Their Bets
In other news, Director Thomas L. Seavey sold 7,704 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $10.71, for a total value of $82,509.84. Following the completion of the sale, the director directly owned 55,725 shares in the company, valued at $596,814.75. This represents a 12.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have sold 20,005 shares of company stock valued at $214,998. Company insiders own 37.40% of the company's stock.
Hedge Funds Weigh In On Hennessy Advisors
Several institutional investors and hedge funds have recently bought and sold shares of HNNA. Geode Capital Management LLC lifted its stake in shares of Hennessy Advisors by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 51,894 shares of the asset manager's stock valued at $654,000 after purchasing an additional 1,014 shares during the last quarter. Bridgeway Capital Management LLC increased its position in shares of Hennessy Advisors by 6.7% during the second quarter. Bridgeway Capital Management LLC now owns 17,060 shares of the asset manager's stock valued at $215,000 after acquiring an additional 1,072 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Hennessy Advisors by 1.8% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 68,600 shares of the asset manager's stock valued at $864,000 after acquiring an additional 1,204 shares during the period. Northern Trust Corp lifted its holdings in shares of Hennessy Advisors by 63.8% in the 4th quarter. Northern Trust Corp now owns 34,432 shares of the asset manager's stock worth $439,000 after acquiring an additional 13,407 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in shares of Hennessy Advisors during the 2nd quarter worth approximately $190,000. 10.31% of the stock is currently owned by institutional investors and hedge funds.
Hennessy Advisors Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Hennessy Advisors, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hennessy Advisors wasn't on the list.
While Hennessy Advisors currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
