Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Hennessy Advisors (HNNA) Stock Price
News headlines about Hennessy Advisors (NASDAQ:HNNA) have trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hennessy Advisors earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.3036284241278 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Hennessy Advisors (NASDAQ HNNA) traded up 0.58% during trading on Monday, hitting $15.72. The stock had a trading volume of 366 shares. Hennessy Advisors has a 12 month low of $13.88 and a 12 month high of $25.47. The stock has a market cap of $120.89 million, a price-to-earnings ratio of 8.10 and a beta of 1.24. The stock has a 50 day moving average price of $15.76 and a 200-day moving average price of $18.50.
Hennessy Advisors (NASDAQ:HNNA) last announced its quarterly earnings data on Wednesday, August 2nd. The asset manager reported $0.51 earnings per share (EPS) for the quarter. The business had revenue of $13.18 million for the quarter. Hennessy Advisors had a return on equity of 34.81% and a net margin of 28.36%.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 11th. Stockholders of record on Thursday, August 17th will be paid a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Tuesday, August 15th. Hennessy Advisors’s payout ratio is currently 15.57%.
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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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