Hennessy Advisors (NASDAQ:HNNA) Stock Price Crosses Below 200 Day Moving Average of $10.54

Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.54 and traded as low as $9.76. Hennessy Advisors shares last traded at $10.00, with a volume of 16,866 shares.

The company has a market capitalization of $74.43 million, a P/E ratio of 9.30 and a beta of 1.03. The company has a debt-to-equity ratio of 0.46, a quick ratio of 15.87 and a current ratio of 15.87. The stock has a 50 day moving average price of $10.13 and a 200 day moving average price of $10.54.

Hennessy Advisors (NASDAQ:HNNA – Get Rating) last released its earnings results on Thursday, February 10th. The asset manager reported $0.25 EPS for the quarter. The company had revenue of $8.53 million for the quarter. Hennessy Advisors had a return on equity of 9.73% and a net margin of 24.00%.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 4th. Stockholders of record on Tuesday, February 22nd were paid a dividend of $0.138 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend was Friday, February 18th. Hennessy Advisors’s payout ratio is 51.40%.

In other news, EVP Daniel B. Steadman sold 15,010 shares of Hennessy Advisors stock in a transaction on Friday, March 11th. The stock was sold at an average price of $9.83, for a total transaction of $147,548.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 41.30% of the company’s stock.

A hedge fund recently raised its stake in Hennessy Advisors stock. Burleson & Company LLC increased its position in Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) by 88.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,904 shares of the asset manager’s stock after acquiring an additional 8,400 shares during the quarter. Burleson & Company LLC owned about 0.24% of Hennessy Advisors worth $194,000 as of its most recent SEC filing. 9.24% 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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