Hennessy Advisors, Inc. (NASDAQ:HNNA) is expected to pay $0.10 on Dec 8, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Hennessy Advisors, Inc.’s current price of $26.80, the dividend is 0.37%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 1, 2016. The stock decreased 0.70% or $0.19 during the last trading session, hitting $26.8. Hennessy Advisors Inc (NASDAQ:HNNA) has risen 0.34% since April 7, 2016 and is uptrending. It has underperformed by 4.45% the S&P500.
Hennessy Advisors, Inc. is an investment management company. The company has a market cap of $140.42 million. The Company’s business activity is managing, servicing and marketing open-end mutual funds branded as the Hennessy Funds. It has a 9.97 P/E ratio. It provides investment advisory services and shareholder services.
Insitutional Activity: The institutional sentiment increased to 3.22 in 2016 Q2. Its up 0.97, from 2.25 in 2016Q1. The ratio improved, as 3 funds sold all Hennessy Advisors Inc shares owned while 6 reduced positions. 12 funds bought stakes while 17 increased positions. They now own 1.68 million shares or 162.53% more from 638,890 shares in 2016Q1.
Nationwide Fund Advisors has 0% invested in the company for 1,821 shares. Blackrock Fund Advsrs accumulated 0% or 77,045 shares. Blackrock owns 97 shares or 0% of their US portfolio. Bnp Paribas Arbitrage last reported 0% of its portfolio in the stock. Tiaa Cref Invest Management Limited Liability holds 0% of its portfolio in Hennessy Advisors Inc (NASDAQ:HNNA) for 9,355 shares. Dimensional Fund Advisors Limited Partnership holds 9,281 shares or 0% of its portfolio. Moreover, Grandeur Peak Glob Advsr Limited has 0.16% invested in Hennessy Advisors Inc (NASDAQ:HNNA) for 29,249 shares. Arbiter Prns Ltd Llc has invested 0.04% of its portfolio in Hennessy Advisors Inc (NASDAQ:HNNA). The New York-based Tower Capital Ltd Liability (Trc) has invested 0% in Hennessy Advisors Inc (NASDAQ:HNNA). Northern Tru holds 26,207 shares or 0% of its portfolio. Blackrock Japan has 395 shares for 0% of their US portfolio. Maltese Capital Management Ltd Liability accumulated 0.28% or 66,004 shares. Ashmore Grp Inc Public Limited Company has 1,990 shares for 0.05% of their US portfolio. Strs Ohio, a Ohio-based fund reported 1,000 shares. Granite Partners Ltd Limited Liability Company accumulated 84,003 shares or 0.22% of the stock.
Insider Transactions: Since May 11, 2016, the stock had 0 insider purchases, and 13 sales for $1.55 million net activity. $352,502 worth of shares were sold by SEAVEY THOMAS L on Thursday, August 11. 3,740 shares were sold by HENNESSY BRIAN A, worth $141,739 on Thursday, August 11. 2,500 Hennessy Advisors Inc (NASDAQ:HNNA) shares with value of $82,751 were sold by LIBARLE DANIEL G. STEADMAN DANIEL B also sold $135,688 worth of Hennessy Advisors Inc (NASDAQ:HNNA) shares. NILSEN TERESA M had sold 5,000 shares worth $178,185. OFFENBACH RODGER also sold $114,332 worth of Hennessy Advisors Inc (NASDAQ:HNNA) shares.
More recent Hennessy Advisors Inc (NASDAQ:HNNA) news were published by: Prnewswire.com which released: “Hennessy Advisors, Inc. Increases Dividend by 25%” on October 31, 2016. Also Prnewswire.com published the news titled: “Hennessy Advisors, Inc. to Acquire The Westport Funds” on May 02, 2016. Patch.com‘s news article titled: “Marin-Based Hennessy Advisors, Inc. Acquires The Westport Funds” with publication date: September 24, 2016 was also an interesting one.
HNNA Company Profile
Hennessy Advisors, Inc., incorporated on February 1, 1989, is an investment management firm. The Firm is engaged in managing, servicing and marketing its open-end mutual funds, the Hennessy Funds. The Firm manages 16 mutual funds that have each been categorized as a Domestic Equity product, Balanced and Fixed Income product, or Sector and Specialty product. The Company’s Domestic Equity product includes Hennessy Cornerstone Growth Fund, Hennessy Focus Fund, Hennessy Cornerstone Mid Cap 30 Fund, Hennessy Cornerstone Large Growth Fund, Hennessy Cornerstone Value Fund, Hennessy Large Value Fund and Hennessy Total Return Fund. The Companyâ€™s Balanced and Fixed Income product includes Hennessy Equity and Income Fund; Hennessy Balanced Fund, and Hennessy Core Bond Fund. Itâ€™s Sector and Specialty product includes Hennessy Gas Utility Index Fund, Hennessy Small Cap Financial Fund, Hennessy Large Cap Financial Fund, Hennessy Technology Fund, Hennessy Japan Fund and Hennessy Japan Small Cap Fund. The Hennessy Total Return Fund seeks total return, consisting of capital appreciation and current income, by investing approximately 50% of its assets in the 10 highest dividend-yielding common stocks of the Dow Jones Industrial Average (commonly referred to as the Dogs of the Dow) and the remaining 50% in United States Treasury securities with a maturity of less than one year.
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