Could Hennessy Advisors Inc. (NASDAQ:HNNA)’s run finally underwhelm?


Equity ownership in Hennessy Advisors, Inc. (NASDAQ:HNNA) is spread out. As per the recent figures, insiders own 36.40% of the firm. That relates with institutional ownership of 18.10%.

In terms of trades along the lines of equity ownership, the firm has seen -0.12% insider transactions and -3.50% institutional transactions in the preceding months.

The Barchart Technical Opinion rating is a 8% Buy with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Minimum. Long term indicators fully support a continuation of the trend.

Recently, Hennessy Advisors, Inc. (NASDAQ:HNNA) announced that Hennessy Advisors, Inc. has 7.17M shares due of which 4.19M float. The short float stands at 3.12%, indicating a short ratio of 6.07.

In terms of shares price performance, shares of Hennessy Advisors, Inc. have moved -6.60% over the previous one week and have moved 5.20% over the last 1-month. Stock performance for the preceding one quarter is -4.89% and for the preceding six months is -26.60%. Over the last 12 months stock of Hennessy Advisors, Inc. have moved -31.47% and their movement so far in 2017 is -26.44%.

What has Hennessy Advisors, Inc. resulted for investors over the previous 12 months? The firm’s financial documents disclose return on assets for the last 12 months is 17.60% and return on equity for the equivalent period is 38.30%. Return on investments for the past 12 months stands at 23.10%.

Where does Hennessy Advisors, Inc. stands in terms of balance sheet and liquidity strength? The firm’s current ratio for the recent quarter is 1.60 and quick ratio for the equivalent period is 1.60. The firm’s Long Term Debt to Equity and Total Debt/Equity ratios for the recent quarter are 0.53 and 0.63, respectively.

Other performance indicators that should be noted are P/Cash of the stock for the most recent quarter is 13.78, while P/Free Cash Flow for the last 12 months is 23.26.

The stock recorded dividend payout ratio of 11.30% and dividend yield of 1.73%.

Hennessy Advisors, Inc. (NASDAQ:HNNA) today announced that it has signed a definitive agreement with Manning & Napier Group, LLC and Rainier Investment Management, LLC (“Rainier”) to purchase the assets related to the management of three Rainier Funds, including the Rainier Mid Cap Equity Fund, the Rainier Small/Mid Cap Equity Fund, and the Rainier Large Cap Equity Fund (collectively, the “Rainier U.S. Funds”). The Rainier U.S. Funds currently have assets of approximately $565 million. The transaction is expected to be completed in the third quarter of 2017.

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