Somewhat Positive News Coverage Somewhat Unlikely to Affect Hennessy Advisors (HNNA) Share Price

Press coverage about Hennessy Advisors (NASDAQ:HNNA) has been trending somewhat positive this week, Accern reports. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hennessy Advisors earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the asset manager an impact score of 46.8743309480339 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

Hennessy Advisors (NASDAQ HNNA) opened at $17.65 on Friday. The company has a market cap of $137.77, a P/E ratio of 7.23 and a beta of 0.76. Hennessy Advisors has a 12 month low of $13.88 and a 12 month high of $19.87. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.35.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.53 EPS for the quarter. The company had revenue of $13.81 million during the quarter. Hennessy Advisors had a net margin of 35.78% and a return on equity of 29.58%.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Investors of record on Friday, February 9th will be paid a $0.10 dividend. This is an increase from Hennessy Advisors’s previous quarterly dividend of $0.08. The ex-dividend date is Thursday, February 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.27%. Hennessy Advisors’s payout ratio is 16.39%.

In related news, EVP Daniel B. Steadman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $16.90, for a total value of $169,000.00. Following the completion of the transaction, the executive vice president now owns 58,460 shares of the company’s stock, valued at $987,974. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 41.57% of the company’s stock.

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About Hennessy Advisors

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.

Insider Buying and Selling by Quarter for Hennessy Advisors (NASDAQ:HNNA)

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