Streetbeat News

HNNA

Hennessy Advisors, Inc.

https://www.hennessyadvisors.com

Industry

Asset Management

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. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.

Open

10.26

Mkt cap

78M

Volume

15K

High

10.55

P/E Ratio

12.66

52-wk high

11.99

Low

9.98

Div yield

0.05

52-wk low

6.33

Hennessy Advisors shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 14, 2024 | 2:57 pm

Hennessy Advisors reported Q3 2024 revenue of $7.8 million and earnings per share (EPS) of $0.26.

Portfolio Pulse from Benzinga Newsdesk

August 08, 2024 | 9:24 pm

Hennessy Advisors (NASDAQ:HNNA) reported a 25% increase in Q2 EPS to $0.20 from $0.16 YoY and a 17.31% increase in sales to $6.94M from $5.92M YoY.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 10:21 pm

Hennessy Advisors (NASDAQ:HNNA) announced a dividend payout of $0.14 per share with an annualized yield of 8.33%. Despite maintaining a steady dividend per share of $0.55 from 2020 to 2023, the company's earnings per share decreased from $1.06 to $0.63, indicating potential challenges in sustaining future dividends. Hennessy Advisors's dividend yield is in the middle range compared to its peers, with OFS Credit Co (NASDAQ:OCCI) having the highest yield at 16.46%.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 3:05 pm

Hennessy Advisors has acquired the CCM Core Impact Equity Fund, representing approximately $60 million in assets. This strategic move is expected to enhance Hennessy Advisors' offerings in the impact investing space.

Portfolio Pulse from Benzinga Newsdesk

February 23, 2024 | 9:16 pm

Hennessy Advisors reported a slight increase in Q1 EPS to $0.16 from $0.15 YoY, while sales remained virtually unchanged at $6.14M. The minor EPS growth indicates a stable financial performance, despite a marginal decrease in sales.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 9:52 pm

Hennessy Advisors, Inc. reported a decrease in FY23 EPS to $0.63 from $0.82 YoY, with revenue falling to $24.02M from $29.67M YoY. Net income dropped by 23% to $4.8M, and average assets under management decreased by 18% to $3.0B. However, total assets under management increased by 5% to $3.0B, and cash and cash equivalents, net of gross debt, rose by 11% to $20.2M.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:37 pm

Hennessy Advisors, Inc. (HNNA) has acquired the CCM Small/Mid-Cap Impact Value Fund, which represents about $12M in assets. The fund will be reorganized into the Hennessy Stance ESG ETF, an existing ETF managed by Hennessy Advisors. The acquisition aims to serve additional shareholders and integrate the fund's assets. The CCM Core Impact Equity Fund, with $53M in assets, may also join the Hennessy Stance ESG ETF pending shareholder approval.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 9:18 pm

Hennessy Advisors (NASDAQ:HNNA) is distributing a dividend payout of $0.14 per share, demonstrating an annualized dividend yield of 7.84%. The company's dividend per share has shown a positive trend from 2019 to 2022, increasing from $0.49 to $0.55. However, the company's earnings per share have declined from $1.42 in 2019 to $0.82 in 2022. Hennessy Advisors's dividend yield is in the middle range compared to its industry peers, with OFS Credit Co (NASDAQ:OCCI) having the highest annualized dividend yield at 26.47%.

Portfolio Pulse from Benzinga Insights

September 06, 2023 | 3:05 pm

Hennessy Advisors (NASDAQ:HNNA) reported a decrease in Q3 earnings and sales YoY. Earnings per share fell by 11.76% to $0.15 from $0.17, and sales dropped by 17.50% to $5.70M from $6.91M.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 12:26 pm

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