Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $10.04 and traded as high as $10.65. Hennessy Advisors shares last traded at $10.31, with a volume of 4,571 shares trading hands.
Hennessy Advisors Stock Up 1.6 %
The stock has a market cap of $80.41 million, a PE ratio of 13.25 and a beta of 0.79. The business has a 50 day simple moving average of $10.06 and a 200 day simple moving average of $8.63. The company has a debt-to-equity ratio of 0.44, a current ratio of 17.39 and a quick ratio of 17.39.
Hennessy Advisors Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Thursday, November 14th will be issued a $0.138 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.55 annualized dividend and a yield of 5.27%. Hennessy Advisors's dividend payout ratio (DPR) is 69.62%.
Institutional Trading of Hennessy Advisors
An institutional investor recently bought a new position in Hennessy Advisors stock. Redhawk Wealth Advisors Inc. purchased a new position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 52,061 shares of the asset manager's stock, valued at approximately $518,000. Redhawk Wealth Advisors Inc. owned 0.68% of Hennessy Advisors as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 10.31% of the company's stock.
About Hennessy Advisors
(
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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