Hennessy Advisors Inc. (HNNA) Plunges 5.3% on January 29

Hennessy Advisors Inc. (HNNA) Plunges 5.3% on January 29

Hennessy Advisors Inc. (HNNA) had a rough trading day for Tuesday January 29 as shares tumbled 5.3%, or a loss of $-0.6198 per share, to close at $11.06. After opening the day at $11.67, shares of Hennessy Advisors Inc. traded as high as $11.90 and as low as $10.64. Volume was 31,343 shares over 123 trades, against an average daily volume of n/a shares and a total float of 7.92 million.

As a result of the decline, Hennessy Advisors Inc. now has a market cap of $87.6 million.

The stock has a P/E Ratio of 4.5.

Hennessy Advisors Inc is an investment management company, engaged in the managing and marketing of open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, sectors, and specialty, balanced and fixed income products. 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.

Hennessy Advisors Inc. is based out of Novato, CA and has some 23 employees. Its CEO is Neil J. Hennessy.

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