Hennessy Advisors, Inc. is publicly 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. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.
Hennessy Advisors Price Performance
Shares of NASDAQ:HNNA traded down $0.17 during midday trading on Tuesday, reaching $10.04. 1,413 shares of the company's stock traded hands, compared to its average volume of 4,230. Hennessy Advisors has a 1 year low of $9.00 and a 1 year high of $11.69. The company has a market cap of $75.10 million, a P/E ratio of 11.28 and a beta of 0.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 17.12 and a current ratio of 17.12. The company has a fifty day simple moving average of $10.20 and a two-hundred day simple moving average of $10.15.
Hennessy Advisors Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a yield of 5.50%. The ex-dividend date is Monday, August 15th. Hennessy Advisors's payout ratio is 61.80%.