5 Best Dividend Stocks to Buy Under $20

4. Hennessy Advisors, Inc. (NASDAQ: HNNA)

Number of Hedge Fund Holders: 2
Dividend Yield: 5.88%

Hennessy Advisors, Inc. (NASDAQ: HNNA) is a publicly owned investment manager providing services to Hennessy Funds and other investment companies. It ranks 4th on our list of the best dividend stocks to buy under $20.

In the fiscal second quarter of 2021, Hennessy Advisors, Inc. (NASDAQ: HNNA) had EPS of $0.53, missing estimates by -$0.11, while its revenue of $13.57 million missed estimates by $0.24 million. The stock has gained 3.31% in the past 6 months and 12.64% year to date. Hennessy Advisors, Inc. (NASDAQ: HNNA) also has a gross profit margin of $48.14% and a consensus Buy rating, according to the Wall Street Journal.

By the end of the first quarter of 2021, 2 hedge funds out of the 866 tracked by Insider Monkey held stakes in Hennessy Advisors, Inc. (NASDAQ: HNNA). The total value of their stakes was roughly $1.41 million. This is compared to 2 hedge funds in the previous quarter with a total stake value of about $1.23 million.