How to Buy Hennessy Advisors Stock
Hennessy Advisors Inc
Hennessy Advisors, Inc. is publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds.
Hennessy Advisors stock last closed at $6.70, down 0.15% from the previous day, and has decreased 8.97% in one year. It has underperformed other stocks in the Asset Management industry by 0.06 percentage points. Hennessy Advisors stock is currently +5.85% from its 52-week low of $6.33, and -12.76% from its 52-week high of $7.68.
There are currently 7.68M HNNA shares outstanding. The market cap of HNNA is $51.42M. In the past 24 hours, 3843 HNNA shares were traded.
How to Buy Hennessy Advisors Stock
Wondering how to invest in Hennessy Advisors stock? Here's how.
- Choose where to buy Hennessy Advisors stock: You need to decide on a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Hennessy Advisors stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your investment account: Pick your method of payment and add your information.
- Analyze Hennessy Advisors stock: The Hennessy Advisors ticker symbol is HNNA. Is Hennessy Advisors stock a good investment? Should you buy shares of HNNA? How do HNNA's underlying business fundamentals look? Do top analysts think Hennessy Advisors is a good buy? Why has HNNA's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if HNNA is a good stock to buy).
- Place your HNNA trade: Decide if you will purchase HNNA shares at the current market price or use a limit order to purchase HNNA shares at a specific price.
- Watch your investment in HNNA: Create a watchlist to watch your new investment in Hennessy Advisors stock.
Step 1: Choose where to buy Hennessy Advisors stock
You will need a brokerage account in order to access the NASDAQ market and buy HNNA shares.
Our favorite brokerage: eToro
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- Security: eToro is a regulated and licensed fintech leader.
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Get $10 towards your share purchase by creating an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal info so you are able to invest in HNNA stock today.
How to Start a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new brokerage account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've opened your account on a good stock buying app, you need to deposit funds:
Check out the video below if you need help transferring funds into your brokerage account.
Step 4: Analyze Hennessy Advisors stock
Once you have identified the best place to buy Hennessy Advisors stock, it's absolutely critical to analyze their stock before you invest, so you can understand the risk as well as the upside.
Hennessy Advisors stock quick numbers
Hennessy Advisors Fundamentals
WallStreetZen was designed to help everyday investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on HNNA's stock page.
Is HNNA stock undervalued or overvalued?
You can use many financial metrics, analyses, models, and charts to gauge HNNA's true value.
Using relative valuations methods:
- HNNA may be undervalued based on its P/E ratio of 10.31x, relative to Asset Management industry P/E ratio of 30.98x
- HNNA may be undervalued based on its P/B ratio of 0.58x, relative to Asset Management industry P/B ratio of 2.34x
You can access more valuation analysis on HNNA's stock here.
HNNA Financial Summary
Passed Health Checks:
- There are more short-term assets than long-term liabilities on the HNNA balance sheet.
- HNNA profit margin has gone up from 19.8% to 20.2% in the past year.
- There are more short-term assets than short-term liabilities on the HNNA balance sheet.
Failed Health Checks:
- HNNA earnings of $9.00M is not enough to cover its interest payments.
- Total HNNA debt is higher than 5 years ago, relative to shareholder equity.
- HNNA's operating cash flow of $7.58M allows it to safely service it's debt of $39.43M.
- HNNA has a relatively high debt to equity ratio of 0.65.
HNNA Technical Indicators
HNNA Revenue
Last year, HNNA earnings were $4.85M. During the last 5 year, HNNA's earnings have increased by -19.97% per year. This was slower than the Asset Management industry average of 7.01%.
Last year, HNNA revenue was $24.02M. Over the past five year, HNNA's revenue has increased by -14.45% per year. This was slower than the Asset Management industry average of 20.66%.
Dig into HNNA's earnings and revenue performance here.
Who is buying/selling HNNA?
In the past year, executives and large shareholders at HNNA have bought more shares than they have sold.
Neil J. Hennessy, CEO of HNNA, was the latest HNNA insider to buy. They bought $650.00 worth of HNNA shares on Dec 19, 2023.
Research more about who owns HNNA stock here.
Can I get consistent income from HNNA stock?
Hennessy Advisors pays a dividend of 8.21%, compared to the Asset Management industry's average dividend yield of 6.76%. If you owned $1,000 of HNNA stock, you would have been paid $82.09 last year.
Hennessy Advisors dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Hennessy Advisors dividend yield and history here.
What do other traders have to say about HNNA?
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your HNNA trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly fine for most investors. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place your order.
If you require additional info about investing in stocks on eToro, click the helpful video below:
Step 6: Watch your investment in HNNA
Now that you own some HNNA stock, you'll want to stay up-to-date on your investment.
Create a watchlist to track your HNNA stock.
HNNA Feed
How to Buy Stock in Hennessy Advisors
To reiterate, here are the 6 steps for buying Hennessy Advisors stock:
- Choose where to buy Hennessy Advisors stock
- Sign up for a brokerage account
- Put funds into your investment account
- Analyze Hennessy Advisors stock
- Place your HNNA trade
- Watch your investment in HNNA
If you are looking for a brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep track of your investment in Hennessy Advisors, create a watchlist on WallStreetZen today.
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