Hennessy Advisors (NASDAQ:HNNA) Stock Crosses Below 200-Day Moving Average of $6.76

Shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.76 and traded as low as $6.61. Hennessy Advisors shares last traded at $6.80, with a volume of 14,703 shares changing hands.

Hennessy Advisors Trading Down 2.5 %

The company has a debt-to-equity ratio of 0.45, a quick ratio of 22.62 and a current ratio of 22.62. The firm has a 50-day moving average of $6.83 and a 200-day moving average of $6.76. The firm has a market capitalization of $52.22 million, a P/E ratio of 10.79 and a beta of 0.78.

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

Hennessy Advisors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 4th. Stockholders of record on Tuesday, February 20th were paid a dividend of $0.138 per share. This represents a $0.55 annualized dividend and a dividend yield of 8.12%. The ex-dividend date of this dividend was Friday, February 16th. Hennessy Advisors’s dividend payout ratio (DPR) is 87.30%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hennessy Advisors stock. Perigon Wealth Management LLC grew its holdings in shares of Hennessy Advisors, Inc. (NASDAQ:HNNA) by 193.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm 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 0.62% of Hennessy Advisors worth $322,000 as of its most recent SEC filing. 10.31% of the stock is owned by institutional investors and hedge funds.

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.