Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) Trading Up 0.9% – What’s Next?

Shares of Hennessy Advisors, Inc. 4.875% Notes due 2026 (NASDAQ:HNNAZ) shot up 0.9% during mid-day trading on Friday . The company traded as high as $25.00 and last traded at $25.0390. 9 shares changed hands during trading, a decline of 99% from the average session volume of 1,388 shares. The stock had previously closed at $24.82.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Price Performance

The company has a 50-day moving average price of $24.95 and a 200-day moving average price of $24.85.

Hennessy Advisors, Inc. 4.875% Notes due 2026 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.3047 dividend. This represents a $1.22 annualized dividend and a dividend yield of 4.9%. The ex-dividend date of this dividend was Monday, December 15th.

About Hennessy Advisors, Inc. 4.875% Notes due 2026

Hennessy Advisors, Inc is a publicly traded investment management firm specializing in the development and administration of mutual funds, closed-end funds and separately managed accounts. Headquartered in St. Louis, Missouri, the company provides a range of portfolio management services aimed at income and total-return strategies for retail and institutional investors across the United States.

The firm’s core offerings include equity income, growth, and balanced strategies, delivered through a family of open-end and closed-end investment vehicles.