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.)
- $81.2M
- Price
- $10.27
- % Change (Daily % change from the live per-ticker quote feed.)
- -0.68%
- Volume
- 1.4K
About
Operating as a publicly traded entity, Hennessy Advisors, Inc. is an investment management firm that provides its expertise to the Hennessy Funds and other investment companies. The firm is responsible for establishing and overseeing a diverse array of mutual funds, including those focused on equities, fixed income, and balanced strategies. Their investment scope extends across public equity and fixed income markets worldwide, with a primary emphasis on growth-oriented stocks. All investment decisions are underpinned by comprehensive, proprietary in-house research. Founded in 1989, Hennessy Advisors, Inc. maintains its headquarters in Novato, California, complemented by 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-generated1/6
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.