Hennessy Advisors (NASDAQ:HNNA) Share Price Passes Below 200 Day Moving Average of $9.66

Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.66 and traded as low as $8.53. Hennessy Advisors shares last traded at $8.64, with a volume of 8,130 shares trading hands.

Hennessy Advisors Price Performance

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 has a market cap of $64.64 million, a price-to-earnings ratio of 9.71 and a beta of 0.84. The company has a 50 day moving average of $8.90 and a 200 day moving average of $9.66.

Hennessy Advisors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Tuesday, November 15th will be issued a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Monday, November 14th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 61.80%.

Institutional Trading of Hennessy Advisors

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

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.

Further Reading

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