Hennessy Advisors (NASDAQ:HNNA) Share Price Crosses Below 200 Day Moving Average of $6.76

Hennessy Advisors, Inc. (NASDAQ:HNNA)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.76 and traded as low as $6.61. Hennessy Advisors shares last traded at $6.80, with a volume of 14,703 shares.

Hennessy Advisors Stock Down 2.5 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 22.62 and a current ratio of 22.62. The firm has a market capitalization of $52.22 million, a PE ratio of 10.79 and a beta of 0.78. The company has a fifty day moving average price of $6.83 and a 200-day moving average price of $6.76.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings data on Thursday, February 8th. The asset manager reported $0.16 EPS for the quarter. Hennessy Advisors had a net margin of 20.20% and a return on equity of 5.54%. The business had revenue of $6.14 million during the quarter.

Hennessy Advisors Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Shareholders of record on Tuesday, February 20th were paid a dividend of $0.138 per share. The ex-dividend date of this dividend was Friday, February 16th. This represents a $0.55 annualized dividend and a yield of 8.12%. Hennessy Advisors’s payout ratio is currently 87.30%.

Institutional Investors Weigh In On Hennessy Advisors

An institutional investor recently raised its position in Hennessy Advisors stock. Perigon Wealth Management LLC boosted its stake in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 193.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 47,916 shares of the asset manager’s stock after buying an additional 31,608 shares during the period. Perigon Wealth Management LLC owned approximately 0.62% of Hennessy Advisors worth $322,000 at the end of the most recent quarter. Institutional investors own 10.31% of the company’s stock.

Hennessy Advisors Company Profile

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.