Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) Trading Up 0.2% – Time to Buy?

Shares of Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) were up 0.2% during mid-day trading on Monday . The company traded as high as $25.18 and last traded at $25.1820. Approximately 1,444 shares changed hands during trading, a decline of 6% from the average daily volume of 1,539 shares. The stock had previously closed at $25.12.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Stock Performance

The business has a 50 day simple moving average of $25.07 and a 200-day simple moving average of $25.04.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.3047 per share. The ex-dividend date is Monday, June 15th. This represents a $1.22 dividend on an annualized basis and a yield of 4.8%.

About Hennessy Advisors, Inc. 4.875% Notes due 2026

Hennessy Advisors, Inc is a publicly traded investment management firm specializing in the development and administration of mutual funds, closed-end funds and separately managed accounts. Headquartered in St. Louis, Missouri, the company provides a range of portfolio management services aimed at income and total-return strategies for retail and institutional investors across the United States.

The firm’s core offerings include equity income, growth, and balanced strategies, delivered through a family of open-end and closed-end investment vehicles.