Hennessy Advisors (NASDAQ:HNNA) Share Price Passes Below Two Hundred Day Moving Average of $9.61

Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.61 and traded as low as $8.50. Hennessy Advisors shares last traded at $8.62, with a volume of 8,134 shares changing hands.

Hennessy Advisors Trading Up 0.5 %

The company has a market cap of $64.47 million, a price-to-earnings ratio of 9.68 and a beta of 0.84. The company has a current ratio of 17.12, a quick ratio of 17.12 and a debt-to-equity ratio of 0.45. The firm’s 50-day moving average price is $8.83 and its 200 day moving average price is $9.61.

Hennessy Advisors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be given a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Monday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is 61.80%.

Institutional Trading of Hennessy Advisors

A hedge fund recently bought a new stake in Hennessy Advisors stock. OneAscent Financial Services LLC bought a new position in Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating) during the second quarter, according to its most recent filing with the SEC. The firm bought 13,050 shares of the asset manager’s stock, valued at approximately $136,000. OneAscent Financial Services LLC owned approximately 0.17% of Hennessy Advisors as of its most recent SEC filing. Hedge funds and other institutional investors own 7.03% of the company’s stock.

About Hennessy Advisors

(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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