Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.
Hennessy Advisors Trading Up 1.1 %
The company has a market capitalization of $55.30 million, a price-to-earnings ratio of 10.59 and a beta of 0.78. The company has a debt-to-equity ratio of 0.44, a quick ratio of 20.01 and a current ratio of 20.01. The business’s 50-day simple moving average is $7.10 and its 200-day simple moving average is $6.94.
Hennessy Advisors (NASDAQ:HNNA – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The asset manager reported $0.20 earnings per share for the quarter. The business 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
Institutional Investors Weigh In On Hennessy Advisors
An institutional investor recently raised its position in Hennessy Advisors stock. Perigon Wealth Management LLC lifted its position in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA – Free Report) by 193.8% in the fourth quarter, according to 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 SEC filing. Hedge funds and other 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.
Featured Articles
- Five stocks we like better than Hennessy Advisors
- Best ESG Stocks: 11 Best Stocks for ESG Investing
- These Top 3 Banks Raise Dividends After Passing Fed Stress Test
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Hitch a Ride with Lyft Stock for Double-Digit Gains in 2nd Half
- What is a Secondary Public Offering? What Investors Need to Know
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
Receive News & Ratings for Hennessy Advisors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hennessy Advisors and related companies with MarketBeat.com's FREE daily email newsletter.