Hennessy Advisors, Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $78.6M
- Price
- $10.02
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.30%
- Volume
- 6.5K
About
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.
Quick stats
Shares outstanding7.9M
Computed float4.8M
Float / shares60.9%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001145255
AI Summary
AI-generated1/3
standardbullishearnings
Hennessy Advisors, Inc. Reports Quarterly Earnings and Announces Quarterly Dividend
Hennessy Advisors reported Q3 revenue of $8.4 million, up 4.2% year-over-year, driven by a 4% increase in average assets under management to $4.3 billion.
Net income decreased 5.7% to $2.0 million and diluted EPS fell 3.8% to $0.25, primarily attributed to costs associated with the early redemption of $40.25 million in notes payable.
Despite the redemption costs, the net cash position increased 18% to $35.4 million, and the company declared a quarterly dividend of $0.15 per share.