Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.41 and traded as low as $6.85. Hennessy Advisors shares last traded at $6.90, with a volume of 21,617 shares trading hands.
Hennessy Advisors Price Performance
The company has a market cap of $52.27 million, a PE ratio of 10.45 and a beta of 0.90. The company has a quick ratio of 23.13, a current ratio of 23.13 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $7.52 and a 200-day simple moving average of $8.41.
Hennessy Advisors Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 5th. Investors of record on Tuesday, May 23rd will be given a $0.138 dividend. The ex-dividend date is Monday, May 22nd. This represents a $0.55 dividend on an annualized basis and a yield of 8.00%. This is a positive change from Hennessy Advisors’s previous quarterly dividend of $0.14. Hennessy Advisors’s dividend payout ratio is currently 83.33%.
Institutional Investors Weigh In On Hennessy Advisors
Hennessy Advisors Company Profile
Hennessy Advisors, Inc investment management firm, which engages in managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It manages domestic equity, multi-asset, or sector and specialty products. The company was founded by Neil Joseph Hennessy on February 1, 1989 and is headquartered in Novato, CA.
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