Hennessy Cornerstone Growth Fund Inv Cl (HFCGX) Stock

About Hennessy Cornerstone Growth Fund Inv Cl

The Hennessy Cornerstone Growth Fund primarily invests in common stocks exhibiting strong growth potential. These investments encompass any company listed on a U.S. national securities exchange, including American Depositary Receipts (ADRs) – U.S. dollar-denominated securities from foreign issuers also traded on U.S. exchanges. Its stock selection process is driven by a quantitative methodology known as the Cornerstone Growth Strategy. The fund typically acquires 50 such stocks, maintaining an equal dollar weighting by allocating 2% of the portfolio's total assets to each. This strategy dictates an annual re-evaluation of the stock universe and a subsequent rebalancing of the portfolio, which generally occurs during the winter months.

Hennessy Cornerstone Growth Fund Inv Cl is headquartered in US.

Hennessy Cornerstone Growth Fund Inv Cl (HFCGX) stock trades at $37.25 with a market capitalization of $319.16M. The stock is valued at a price-to-earnings (P/E) ratio of 16.58. Over the past 52 weeks the stock has ranged between $31.54 and $39.10, and currently trades 4.7% below its 52-week high.

Official website: www.hennessyfunds.com/funds/cornerstone-growth