Hennessy Advisors, Inc. (NASDAQ:HNNA) Short Interest Update

by · The Cerbat Gem

Hennessy Advisors, Inc. (NASDAQ:HNNAGet Free Report) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 6,309 shares, a drop of 89.1% from the November 30th total of 57,871 shares. Based on an average daily volume of 17,461 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 17,461 shares, the short-interest ratio is presently 0.4 days.

Hennessy Advisors Stock Down 0.9%

HNNA traded down $0.09 during midday trading on Wednesday, reaching $9.37. 47,120 shares of the company were exchanged, compared to its average volume of 13,879. The company’s fifty day moving average price is $9.84 and its 200 day moving average price is $10.99. The company has a market cap of $73.89 million, a price-to-earnings ratio of 7.43 and a beta of 0.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 12.72 and a current ratio of 12.73. Hennessy Advisors has a one year low of $8.43 and a one year high of $13.54.

Hennessy Advisors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Wednesday, November 12th were given a dividend of $0.1375 per share. This represents a $0.55 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date was Wednesday, November 12th. Hennessy Advisors’s dividend payout ratio (DPR) is presently 43.65%.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of Hennessy Advisors in a report on Tuesday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Hennessy Advisors has an average rating of “Hold”.

Read Our Latest Research Report on Hennessy Advisors

Institutional Trading of Hennessy Advisors

A number of hedge funds have recently modified their holdings of HNNA. Evergreen Capital Management LLC bought a new position in shares of Hennessy Advisors in the 2nd quarter worth $190,000. Bridgeway Capital Management LLC grew its holdings in Hennessy Advisors by 8.5% in the third quarter. Bridgeway Capital Management LLC now owns 18,514 shares of the asset manager’s stock valued at $195,000 after purchasing an additional 1,454 shares during the period. Citadel Advisors LLC acquired a new position in shares of Hennessy Advisors during the 3rd quarter worth about $218,000. Susquehanna International Group LLP lifted its holdings in Hennessy Advisors by 108.5% in the 3rd quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager’s stock valued at $280,000 after purchasing an additional 13,819 shares in the last quarter. Finally, Truffle Hound Capital LLC purchased a new stake in shares of Hennessy Advisors in the second quarter valued at approximately $556,000. Institutional investors own 10.31% of the company’s stock.

Hennessy Advisors Company Profile

(Get Free Report)

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.

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