Hennessy Advisors (NASDAQ:HNNA) Shares Pass Above 50-Day Moving Average of $10.19

Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $10.19 and traded as high as $10.26. Hennessy Advisors shares last traded at $10.18, with a volume of 5,881 shares.

Hennessy Advisors Price Performance

The stock has a market cap of $76.15 million, a price-to-earnings ratio of 9.98 and a beta of 0.86. The company has a 50-day moving average of $10.19 and a 200-day moving average of $10.21. The company has a debt-to-equity ratio of 0.45, a quick ratio of 18.21 and a current ratio of 18.21.

Hennessy Advisors (NASDAQ:HNNAGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The asset manager reported $0.21 earnings per share for the quarter. Hennessy Advisors had a return on equity of 9.25% and a net margin of 23.29%. The company had revenue of $7.75 million for the quarter.

Hennessy Advisors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 2nd. Stockholders of record on Monday, May 23rd were paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Friday, May 20th. Hennessy Advisors’s dividend payout ratio (DPR) is 53.92%.

Institutional Investors Weigh In On Hennessy Advisors

An institutional investor recently raised its position in Hennessy Advisors stock. Vanguard Group Inc. lifted its position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 201,412 shares of the asset manager’s stock after acquiring an additional 1,148 shares during the quarter. Vanguard Group Inc. owned 2.69% of Hennessy Advisors worth $2,040,000 at the end of the most recent quarter. Institutional investors own 7.74% of the company’s stock.

Hennessy Advisors Company Profile

(Get Rating)

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.

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