Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) Trading Up 0.6% – Here’s Why

Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) shares shot up 0.6% during trading on Wednesday . The company traded as high as $24.83 and last traded at $24.99. 325 shares traded hands during trading, a decline of 60% from the average session volume of 822 shares. The stock had previously closed at $24.83.

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

The business has a 50-day moving average price of $25.06 and a two-hundred day moving average price of $24.96.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Sunday, March 15th will be paid a $0.3047 dividend. This represents a $1.22 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend is Friday, March 13th.

About Hennessy Advisors, Inc. 4.875% Notes due 2026

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.