Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) Shares Up 0.9% – Here’s Why

Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ)’s stock price rose 0.9% during mid-day trading on Friday . The stock traded as high as $25.00 and last traded at $25.0390. Approximately 9 shares changed hands during trading, a decline of 99% from the average daily volume of 1,388 shares. The stock had previously closed at $24.82.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Stock Performance

The stock’s 50-day moving average price is $24.95 and its 200 day moving average price is $24.85.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were paid a $0.3047 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.22 dividend on an annualized basis and a yield of 4.9%.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Company Profile

Hennessy Advisors, Inc is a publicly traded investment management firm specializing in the development and administration of mutual funds, closed-end funds and separately managed accounts. Headquartered in St. Louis, Missouri, the company provides a range of portfolio management services aimed at income and total-return strategies for retail and institutional investors across the United States.

The firm’s core offerings include equity income, growth, and balanced strategies, delivered through a family of open-end and closed-end investment vehicles.