Somewhat Positive News Coverage Somewhat Unlikely to Affect Hennessy Advisors (HNNA) Share Price

Media coverage about Hennessy Advisors (NASDAQ:HNNA) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hennessy Advisors earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 46.1324884467299 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of Hennessy Advisors (NASDAQ:HNNA) opened at $17.49 on Friday. Hennessy Advisors has a one year low of $13.88 and a one year high of $20.82. The company has a market capitalization of $136.47, a P/E ratio of 9.24 and a beta of 1.27. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.84 and a current ratio of 1.84.

In related news, EVP Daniel B. Steadman sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $16.90, for a total transaction of $169,000.00. Following the completion of the sale, the executive vice president now owns 58,460 shares of the company’s stock, valued at $987,974. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 41.57% of the company’s stock.

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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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