Hennessy Advisors (NASDAQ:HNNA) posted its quarterly earnings results on Tuesday, May 7th. The asset manager reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.20), Fidelity Earnings reports. The company had revenue of $10.46 million during the quarter. Hennessy Advisors had a return on equity of 19.15% and a net margin of 28.32%.
Shares of HNNA traded down $0.20 during trading hours on Friday, hitting $9.18. The company had a trading volume of 4,368 shares, compared to its average volume of 29,605. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.50 and a quick ratio of 3.50. The firm has a market cap of $75.14 million, a PE ratio of 5.42 and a beta of 0.88. Hennessy Advisors has a 52-week low of $9.00 and a 52-week high of $19.49.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Monday, May 20th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, May 17th.
Hennessy Advisors, Inc is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies.
Further Reading: Return On Assets
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