Hennessy Advisors (NASDAQ:HNNA) Stock Price Crosses Above 50 Day Moving Average of $7.10

Hennessy Advisors, Inc. (NASDAQ:HNNA)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.10 and traded as high as $7.31. Hennessy Advisors shares last traded at $7.20, with a volume of 4,386 shares.

Hennessy Advisors Price Performance

The firm has a market capitalization of $54.68 million, a P/E ratio of 10.47 and a beta of 0.78. The company has a fifty day moving average of $7.12 and a 200 day moving average of $6.94. The company has a debt-to-equity ratio of 0.44, a current ratio of 20.01 and a quick ratio of 20.01.

Hennessy Advisors (NASDAQ:HNNA) last posted its quarterly earnings data on Wednesday, May 8th. The asset manager reported $0.20 EPS for the quarter. The company had revenue of $6.94 million for the quarter. Hennessy Advisors had a net margin of 20.75% and a return on equity of 5.90%.

Hennessy Advisors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 7.75%. The ex-dividend date was Tuesday, May 21st. Hennessy Advisors’s payout ratio is 80.88%.

Institutional Trading of Hennessy Advisors

An institutional investor recently raised its position in Hennessy Advisors stock. Perigon Wealth Management LLC lifted its holdings in Hennessy Advisors, Inc. (NASDAQ:HNNA) by 193.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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 reporting period. 10.31% of the stock is owned by institutional investors.

About Hennessy Advisors

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.