Hennessy Advisors, Inc. (NASDAQ:HNNA) Sees Significant Decrease in Short Interest

2026-04-01 11:48:49 ET

Hennessy Advisors, Inc. ( NASDAQ:HNNA – Get Free Report ) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 3,679 shares, a drop of 20.4% from the February 26th total of 4,624 shares. Based on an average daily trading volume, of 7,447 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of Hennessy Advisors in a report on Friday. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Read Our Latest Report on HNNA

Institutional Trading of Hennessy Advisors

Institutional investors and hedge funds have recently bought and sold shares of the business. Truffle Hound Capital LLC lifted its position in Hennessy Advisors by 6.1% during the fourth quarter. Truffle Hound Capital LLC now owns 160,000 shares of the asset manager’s stock valued at $1,536,000 after buying an additional 9,143 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of Hennessy Advisors by 9.8% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 75,314 shares of the asset manager’s stock valued at $791,000 after acquiring an additional 6,714 shares during the period. Navellier & Associates Inc. lifted its holdings in shares of Hennessy Advisors by 72.2% during the 3rd quarter. Navellier & Associates Inc. now owns 73,647 shares of the asset manager’s stock valued at $770,000 after acquiring an additional 30,889 shares in the last quarter. Geode Capital Management LLC boosted its position in Hennessy Advisors by 3.4% during the 4th quarter. Geode Capital Management LLC now owns 56,478 shares of the asset manager’s stock worth $542,000 after purchasing an additional 1,873 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Hennessy Advisors by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 49,110 shares of the asset manager’s stock worth $471,000 after purchasing an additional 1,282 shares during the period. Institutional investors and hedge funds own 10.31% of the company’s stock.

Hennessy Advisors Stock Up 0.9%

Shares of HNNA stock traded up $0.09 on Wednesday, reaching $9.84. 1,051 shares of the stock were exchanged, compared to its average volume of 13,765. The stock has a market cap of $77.60 million, a P/E ratio of 8.63 and a beta of 0.65. The firm has a 50 day moving average of $9.96 and a two-hundred day moving average of $10.02. Hennessy Advisors has a 1-year low of $8.43 and a 1-year high of $13.19.

Hennessy Advisors ( NASDAQ:HNNA – Get Free Report ) last issued its earnings results on Thursday, February 5th. The asset manager reported $0.24 earnings per share for the quarter. Hennessy Advisors had a return on equity of 9.33% and a net margin of 26.52%.The firm had revenue of $8.32 million for the quarter.

Hennessy Advisors Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 4th. Stockholders of record on Wednesday, February 18th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, February 18th. This represents a $0.60 annualized dividend and a dividend yield of 6.1%. This is an increase from Hennessy Advisors’s previous quarterly dividend of $0.14. Hennessy Advisors’s dividend payout ratio is presently 52.63%.

About Hennessy Advisors

( Get Free Report )

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm’s product lineup includes multiple closed-end funds that invest in U.S.

Further Reading

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