Hennessy Advisors, Inc. (NASDAQ:HNNA) Announces Quarterly Dividend of $0.14

Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) announced a quarterly dividend on Wednesday, August 3rd, Zacks reports. Investors of record on Tuesday, August 16th will be given a dividend of 0.138 per share by the asset manager on Wednesday, August 31st. This represents a $0.55 dividend on an annualized basis and a yield of 5.58%. The ex-dividend date of this dividend is Monday, August 15th.

Hennessy Advisors Trading Down 4.8 %

HNNA traded down $0.50 during trading on Friday, hitting $9.90. 2,961 shares of the stock traded hands, compared to its average volume of 9,989. 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 has a 12-month low of $9.00 and a 12-month high of $11.69. The firm has a market capitalization of $74.05 million, a P/E ratio of 11.12 and a beta of 0.86. The firm has a 50-day moving average of $10.21 and a 200 day moving average of $10.20.

Hennessy Advisors (NASDAQ:HNNA – Get Rating) last announced its earnings results on Wednesday, May 11th. The asset manager reported $0.21 earnings per share (EPS) for the quarter. Hennessy Advisors had a net margin of 21.50% and a return on equity of 8.08%. The company had revenue of $7.75 million during the quarter.

Hedge Funds Weigh In On Hennessy Advisors

An institutional investor recently raised its position in Hennessy Advisors stock. Vanguard Group Inc. boosted its stake in Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Rating) by 0.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 201,412 shares of the asset manager’s stock after buying an additional 1,148 shares during the period. Vanguard Group Inc. owned approximately 2.69% of Hennessy Advisors worth $2,040,000 at the end of the most recent quarter. 7.74% of the stock is owned by hedge funds and other institutional investors.

Hennessy Advisors Company Profile

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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.