Headlines about Hennessy Advisors (NASDAQ:HNNA) have trended somewhat positive on Tuesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hennessy Advisors earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the asset manager an impact score of 46.7732922649006 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Shares of Hennessy Advisors (NASDAQ:HNNA) opened at $16.92 on Tuesday. Hennessy Advisors has a fifty-two week low of $13.88 and a fifty-two week high of $19.87. The company has a quick ratio of 2.34, a current ratio of 2.34 and a debt-to-equity ratio of 0.35. The firm has a market cap of $131.45, a PE ratio of 6.90 and a beta of 0.76.

Hennessy Advisors (NASDAQ:HNNA) last issued its quarterly earnings data on Thursday, January 25th. The asset manager reported $0.53 EPS for the quarter. Hennessy Advisors had a net margin of 35.78% and a return on equity of 29.58%. The firm had revenue of $13.81 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 5th. Shareholders of record on Friday, February 9th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.40 dividend on an annualized basis and a yield of 2.36%. This is a positive change from Hennessy Advisors’s previous quarterly dividend of $0.08. Hennessy Advisors’s dividend payout ratio is currently 16.39%.

In other Hennessy Advisors news, EVP Daniel B. Steadman sold 10,000 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $16.90, for a total transaction of $169,000.00. Following the sale, the executive vice president now owns 58,460 shares of the company’s stock, valued at approximately $987,974. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 41.57% of the stock is owned by corporate insiders.

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About Hennessy Advisors

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.

Insider Buying and Selling by Quarter for Hennessy Advisors (NASDAQ:HNNA)

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