Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report)'s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.84 and traded as low as $9.70. Hennessy Advisors shares last traded at $9.95, with a volume of 3,157 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hennessy Advisors in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of "Hold".

Check Out Our Latest Stock Analysis on Hennessy Advisors

Hennessy Advisors Trading Up 1.7%

The firm's fifty day simple moving average is $9.84 and its 200 day simple moving average is $10.86. The stock has a market capitalization of $78.53 million, a P/E ratio of 7.90 and a beta of 0.64. The company has a debt-to-equity ratio of 0.41, a quick ratio of 12.72 and a current ratio of 12.73.

Hennessy Advisors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were paid a dividend of $0.1375 per share. The ex-dividend date was Wednesday, November 12th. This represents a $0.55 annualized dividend and a yield of 5.5%. Hennessy Advisors's dividend payout ratio is presently 43.65%.

Hedge Funds Weigh In On Hennessy Advisors

Institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP boosted its stake in Hennessy Advisors by 108.5% in the third quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager's stock valued at $280,000 after buying an additional 13,819 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Hennessy Advisors in the third quarter worth about $218,000. Bridgeway Capital Management LLC boosted its stake in shares of Hennessy Advisors by 8.5% in the 3rd quarter. Bridgeway Capital Management LLC now owns 18,514 shares of the asset manager's stock valued at $195,000 after purchasing an additional 1,454 shares in the last quarter. Truffle Hound Capital LLC boosted its stake in shares of Hennessy Advisors by 241.8% in the 3rd quarter. Truffle Hound Capital LLC now owns 150,857 shares of the asset manager's stock valued at $1,576,000 after purchasing an additional 106,726 shares in the last quarter. Finally, Navellier & Associates Inc. grew its holdings in shares of Hennessy Advisors by 72.2% during the 3rd quarter. Navellier & Associates Inc. now owns 73,647 shares of the asset manager's stock valued at $770,000 after purchasing an additional 30,889 shares during the last quarter. Institutional investors and hedge funds own 10.31% of the company's stock.

Hennessy Advisors Company Profile

(Get Free Report)

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm's product lineup includes multiple closed-end funds that invest in U.S.

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