Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) dropped 0.1% on Tuesday . The stock traded as low as $12.13 and last traded at $12.65. Approximately 21,221 shares traded hands during trading, an increase of 137% from the average daily volume of 8,944 shares. The stock had previously closed at $12.66.
Hennessy Advisors Stock Down 1.9 %
The company has a quick ratio of 17.39, a current ratio of 17.39 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $10.45 and a 200 day simple moving average of $9.20. The firm has a market capitalization of $95.31 million, a P/E ratio of 16.01 and a beta of 0.80.
Hennessy Advisors Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th were issued a $0.138 dividend. This represents a $0.55 annualized dividend and a yield of 4.45%. The ex-dividend date was Thursday, November 14th. Hennessy Advisors's dividend payout ratio (DPR) is 69.62%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the business. Geode Capital Management LLC increased its position in Hennessy Advisors by 35.5% during the third quarter. Geode Capital Management LLC now owns 45,379 shares of the asset manager's stock valued at $452,000 after acquiring an additional 11,877 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Hennessy Advisors in the third quarter worth about $518,000. Finally, Renaissance Technologies LLC increased its position in Hennessy Advisors by 1.9% in the second quarter. Renaissance Technologies LLC now owns 95,588 shares of the asset manager's stock worth $681,000 after buying an additional 1,813 shares in the last quarter. Hedge funds and other 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.
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