Hennessy Advisors (NASDAQ:HNNA) Stock Crosses Above 50-Day Moving Average of $10.15

Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $10.15 and traded as high as $10.95. Hennessy Advisors shares last traded at $10.60, with a volume of 37,687 shares trading hands.

The company has a market capitalization of $76.37 million, a P/E ratio of 10.32 and a beta of 0.96. The company has a fifty day moving average price of $10.15 and a 200 day moving average price of $10.36. The company has a debt-to-equity ratio of 0.45, a current ratio of 18.21 and a quick ratio of 18.21.

Hennessy Advisors (NASDAQ:HNNAGet Rating) last posted its earnings results on Wednesday, May 11th. The asset manager reported $0.21 EPS for the quarter. The company had revenue of $7.75 million during the quarter. Hennessy Advisors had a return on equity of 9.25% and a net margin of 23.29%.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 2nd. Investors of record on Monday, May 23rd were issued a $0.138 dividend. This represents a $0.55 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Friday, May 20th. Hennessy Advisors’s dividend payout ratio (DPR) is 53.92%.

A hedge fund recently raised its stake in Hennessy Advisors stock. Burleson & Company LLC boosted its position in Hennessy Advisors, Inc. (NASDAQ:HNNAGet Rating) by 88.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,904 shares of the asset manager’s stock after purchasing an additional 8,400 shares during the period. Burleson & Company LLC owned approximately 0.24% of Hennessy Advisors worth $194,000 as of its most recent SEC filing. 7.74% of the stock is currently owned by institutional investors and hedge funds.

About Hennessy Advisors (NASDAQ:HNNA)

Hennessy Advisors, Inc is publicly 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.

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