Somewhat Negative Press Coverage Somewhat Unlikely to Impact Hennessy Advisors (HNNA) Stock Price
Media coverage about Hennessy Advisors (NASDAQ:HNNA) has trended somewhat negative this week, Accern Sentiment reports. The research group ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hennessy Advisors earned a media sentiment score of -0.02 on Accern’s scale. Accern also assigned media headlines about the asset manager an impact score of 45.658912326383 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Hennessy Advisors (NASDAQ:HNNA) last posted its earnings results on Wednesday, August 2nd. The asset manager reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $13.18 million for the quarter. Hennessy Advisors had a net margin of 28.36% and a return on equity of 34.81%.
The business also recently declared a quarterly dividend, which was paid on Monday, September 11th. Investors of record on Thursday, August 17th were paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 15th. Hennessy Advisors’s dividend payout ratio is presently 15.57%.
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In related news, Director Brian A. Hennessy purchased 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were purchased at an average cost of $15.44 per share, with a total value of $77,200.00. Following the purchase, the director now owns 294,321 shares of the company’s stock, valued at approximately $4,544,316.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brian A. Hennessy purchased 3,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average cost of $15.44 per share, for a total transaction of $54,040.00. Following the completion of the purchase, the director now directly owns 294,321 shares in the company, valued at approximately $4,544,316.24. The disclosure for this purchase can be found here. Company insiders own 41.85% of the company’s stock.
Hennessy Advisors Company Profile
Hennessy Advisors, Inc is an investment management company. The Company’s business activity is managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It provides investment advisory services and shareholder services to the Hennessy Funds. Its investment advisory services include managing the composition of each fund’s portfolio, including the purchase, retention and disposition of portfolio securities in accordance with the Fund’s investment objectives, policies and restrictions; conducting investment research, and monitoring compliance with each fund’s investment restrictions and applicable laws and regulations.
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