Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report)'s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.24 and traded as low as $10.86. Hennessy Advisors shares last traded at $11.45, with a volume of 7,672 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen raised Hennessy Advisors to a "buy" rating in a research report on Thursday, May 22nd.
View Our Latest Stock Analysis on HNNA
Hennessy Advisors Stock Up 0.2%
The stock has a 50 day moving average price of $10.65 and a 200 day moving average price of $11.24. The company has a debt-to-equity ratio of 0.42, a quick ratio of 17.79 and a current ratio of 17.79. The company has a market capitalization of $89.20 million, a P/E ratio of 9.16 and a beta of 0.73.
Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The asset manager reported $0.33 EPS for the quarter. The business had revenue of $9.28 million for the quarter. Hennessy Advisors had a net margin of 27.50% and a return on equity of 10.57%.
Hennessy Advisors Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Tuesday, May 20th were issued a $0.1375 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.80%. Hennessy Advisors's dividend payout ratio (DPR) is presently 44.00%.
Insider Activity at Hennessy Advisors
In other Hennessy Advisors news, CFO Kathryn Fahy sold 10,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $10.71, for a total value of $107,100.00. Following the sale, the chief financial officer now directly owns 64,211 shares in the company, valued at $687,699.81. The trade was a 13.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 37.40% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in HNNA. Allworth Financial LP bought a new stake in Hennessy Advisors in the 4th quarter valued at about $336,000. Navellier & Associates Inc. purchased a new position in shares of Hennessy Advisors in the fourth quarter worth about $605,000. Northern Trust Corp raised its position in shares of Hennessy Advisors by 63.8% in the fourth quarter. Northern Trust Corp now owns 34,432 shares of the asset manager's stock valued at $439,000 after purchasing an additional 13,407 shares during the period. Redhawk Wealth Advisors Inc. lifted its stake in shares of Hennessy Advisors by 27.3% during the 1st quarter. Redhawk Wealth Advisors Inc. now owns 67,396 shares of the asset manager's stock valued at $671,000 after buying an additional 14,460 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Hennessy Advisors by 5.3% in the 4th quarter. Geode Capital Management LLC now owns 47,779 shares of the asset manager's stock worth $604,000 after buying an additional 2,400 shares during the period. Institutional investors own 10.31% of the company's stock.
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
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