News articles about Hennessy Advisors (NASDAQ:HNNA) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hennessy Advisors earned a coverage optimism score of 0.04 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 46.3800408449247 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Hennessy Advisors (NASDAQ:HNNA) traded down 0.9778% during midday trading on Tuesday, reaching $16.7199. 1,929 shares of the company’s stock traded hands. The firm has a market cap of $128.58 million, a PE ratio of 8.6185 and a beta of 1.28. Hennessy Advisors has a 52-week low of $13.88 and a 52-week high of $24.13. The company has a 50 day moving average of $16.01 and a 200 day moving average of $15.80.
Hennessy Advisors (NASDAQ:HNNA) last issued 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%. On average, equities analysts predict that Hennessy Advisors will post $2.04 EPS for the current fiscal year.
In other Hennessy Advisors news, Director Brian A. Hennessy acquired 5,000 shares of the company’s stock in a transaction 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 completion of the purchase, the director now owns 294,321 shares of the company’s stock, valued at $4,544,316.24. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Brian A. Hennessy acquired 3,500 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was acquired 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 of the company’s stock, valued at approximately $4,544,316.24. The disclosure for this purchase can be found here. 41.85% of the stock is owned by corporate insiders.
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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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