Hennessy Advisors, Inc. (HNNA) to Issue Quarterly Dividend of $0.15 on September 3rd

Hennessy Advisors, Inc. (NASDAQ:HNNA) declared a quarterly dividend on Wednesday, August 5th. Stockholders of record on Thursday, August 20th will be given a dividend of 0.15 per share by the asset manager on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Thursday, August 20th.

Hennessy Advisors Stock Down 0.4%

HNNA stock opened at $9.98 on Tuesday. Hennessy Advisors has a 52 week low of $8.90 and a 52 week high of $13.00. The stock has a market capitalization of $78.88 million, a PE ratio of 9.60 and a beta of 0.59. The firm has a 50 day moving average of $9.99 and a 200 day moving average of $9.95.

Hennessy Advisors (NASDAQ:HNNA) last released its quarterly earnings data on Wednesday, August 5th. The asset manager reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). The business had revenue of $8.39 million during the quarter, compared to analysts’ expectations of $9.96 million. Hennessy Advisors had a net margin of 24.77% and a return on equity of 8.31%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Hennessy Advisors from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Hennessy Advisors presently has a consensus rating of “Hold”.

About Hennessy Advisors

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.