Hennessy Advisors (NASDAQ:HNNA) spotted trading -14.09% off 52-week high price. On the other end, the stock has been noted 24.09% away from the low price over the last 52-weeks. The stock changed -0.11% to recent value of $11.17. The stock transacted 1328 shares during most recent day however it has an average volume of 12.84K shares. The company has 7.5M of outstanding shares and 4.29M shares were floated in the market.
On Oct. 30, 2019, The Board of Directors of Hennessy Advisors (NASDAQ:HNNA) released a quarterly dividend of $0.1375 per share, which will be paid on December 3, 2019, to shareholders of record as of November 12, 2019. This quarterly dividend equates to an annualized dividend of $0.55, bringing the yield to 4.9% based on a closing stock price of $11.18 on October 29, 2019.
The company has paid a dividend since 2005, and the dividend program remains a core element of our business strategy, said Neil Hennessy, Chairman and CEO of Hennessy Advisors A consistent stream of dividends is an important way in which we reward our shareholders, and we believe that the strong, current dividend yield supports the value of our stock, he added.
About Hennessy Advisors
Hennessy Advisors is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty mutual funds. Hennessy Advisors is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy and hold philosophy that rejects the idea of market timing.
Its earnings per share (EPS) expected to touch remained 62.50% for this year. HNNA has a gross margin of 79.00% and an operating margin of 39.80% while its profit margin remained 26.80% for the last 12 months.
According to the most recent quarter its current ratio was 2.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.44% from the mean of 20 days, 6.02% from mean of 50 days SMA and performed 11.07% from mean of 200 days price. Company’s performance for the week was 0.16%, 2.46% for month and YTD performance remained 11.57%.
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