Hennessy Advisors (NASDAQ:HNNA) Stock Crosses Below Two Hundred Day Moving Average of $6.75

Hennessy Advisors, Inc. (NASDAQ:HNNA)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.75 and traded as low as $6.66. Hennessy Advisors shares last traded at $6.66, with a volume of 2,779 shares traded.

Hennessy Advisors Trading Down 2.1 %

The company has a quick ratio of 22.62, a current ratio of 22.62 and a debt-to-equity ratio of 0.45. The firm has a market cap of $51.12 million, a price-to-earnings ratio of 10.57 and a beta of 0.80. The business has a 50 day moving average price of $6.82 and a 200-day moving average price of $6.75.

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

Hennessy Advisors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were paid a $0.138 dividend. The ex-dividend date was Friday, February 16th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 8.29%. Hennessy Advisors’s dividend payout ratio (DPR) is currently 87.30%.

Institutional Investors Weigh In On Hennessy Advisors

A hedge fund recently raised its stake in Hennessy Advisors stock. Perigon Wealth Management LLC increased its stake in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 193.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 47,916 shares of the asset manager’s stock after buying an additional 31,608 shares during the quarter. Perigon Wealth Management LLC owned about 0.62% of Hennessy Advisors worth $322,000 as of its most recent filing with the SEC. 10.31% of the stock is currently owned by institutional investors.

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.