Media coverage about Hennessy Advisors (NASDAQ:HNNA) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hennessy Advisors earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the asset manager an impact score of 46.0868900165641 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Hennessy Advisors (NASDAQ:HNNA) opened at $16.64 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.47. Hennessy Advisors has a 1-year low of $13.88 and a 1-year high of $24.13. The company has a market cap of $126.90, a PE ratio of 8.56 and a beta of 1.22.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.80%. Hennessy Advisors’s payout ratio is currently 15.57%.
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In other news, Director Brian A. Hennessy purchased 5,000 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were purchased at an average price of $15.44 per share, for a total transaction of $77,200.00. Following the transaction, the director now owns 294,321 shares of the company’s stock, valued at $4,544,316.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Brian A. Hennessy purchased 3,500 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of $15.44 per share, for a total transaction of $54,040.00. Following the transaction, the director now directly owns 294,321 shares in the company, valued at approximately $4,544,316.24. The disclosure for this purchase can be found here. Company insiders own 41.85% of the company’s stock.
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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