Welcome to our dedicated page for Hennessy Advisor news (Ticker: HNNA), a resource for investors and traders seeking the latest updates and insights on Hennessy Advisor stock.
Hennessy Advisors, Inc. (HNNA) provides disciplined investment management services for its suite of Hennessy Funds, specializing in domestic equities, fixed income strategies, and sector-specific mutual funds. This news hub offers investors and financial professionals a centralized resource for tracking the company’s latest developments.
Access timely updates including quarterly earnings reports, fund performance metrics, leadership announcements, and regulatory filings. Our curated collection ensures transparency into HNNA’s buy-and-hold philosophy, compliance practices, and market navigation strategies.
Key updates cover portfolio adjustments, dividend declarations, and strategic initiatives that reflect the company’s commitment to long-term value creation. All content is vetted for accuracy and relevance to shareholder interests.
Bookmark this page for streamlined access to HNNA’s official communications and third-party analyses. Combine our news archive with the company’s SEC filings and investor relations materials for comprehensive due diligence.
Hennessy Advisors (Nasdaq: HNNA) has announced a definitive agreement to acquire two ETFs from STF Management, LP, expanding its ETF portfolio. The acquisition includes the STF Tactical Growth ETF (TUG) and STF Tactical Growth & Income ETF (TUGN), with combined assets of approximately $220 million.
The transaction, expected to close in Q3 2025, will result in the ETFs being reorganized under Hennessy Funds Trust and renamed as Hennessy Tactical Growth ETF and Hennessy Tactical Growth and Income ETF. Portfolio Manager Jonathan Molchan, bringing 20 years of industry experience in derivatives strategies and risk management, will join Hennessy to continue managing the portfolios.
The deal is subject to various approvals, including SEC, board trustees, and shareholders' consent. The transaction is structured to qualify as a tax-free reorganization, meaning shareholders should not recognize any federal income tax gains or losses.
Hennessy Advisors (HNNA) reported strong financial results for Q1 FY2025 ended December 31, 2024. The company achieved total revenue of $9.7 million, up 58%, and net income of $2.8 million, a 136% increase year-over-year. Earnings per share rose 125% to $0.36. The firm's assets under management grew to $4.8 billion, representing a 46% increase.
The company declared a quarterly dividend of $0.1375 per share, representing an annualized yield of 4.6%. All 17 Hennessy Funds posted positive returns for 2024, with all funds showing positive returns over three years, and all 16 funds with 10+ years history achieving positive returns for both five and ten-year periods.
The company's cash position net of debt strengthened by 28% to $24.7 million. Management expressed optimism about market conditions, citing strong consumer spending, robust corporate profits, and mild inflation as factors supporting continued positive momentum.
Hennessy Advisors (HNNA) reported strong financial results for fiscal year 2024, with total revenue increasing 23% to $29.6 million and net income rising 49% to $7.1 million. The company achieved a 46% increase in fully diluted earnings per share to $0.92. Assets under management grew significantly, with total AUM reaching $4.6 billion, up 53% from the previous year.
The company executed its business strategy successfully by purchasing $72 million in mutual fund assets, welcoming $549 million in net new assets, and benefiting from nearly $1 billion in market appreciation. All 17 Hennessy Funds posted positive returns for the year, with the company maintaining strong cash positions of $23.7 million net of debt, representing a 17% increase.
Hennessy Advisors (NASDAQ: HNNA) has announced the transfer of its Hennessy Stance ESG ETF (STNC) listing from NYSE Arca to Nasdaq, effective December 18, 2024. The transfer, approved by the Board of Trustees on September 25, 2024, aims to maintain the ETF's listing on a national securities exchange while reducing annual expenses. The fund will continue trading under the symbol 'STNC'.
Neil Hennessy, Chairman and CEO, emphasized that this move is designed to lower annual expenses while maintaining the ETF's national securities exchange listing status.
Hennessy Advisors (NASDAQ: HNNA) has declared a quarterly dividend of $0.1375 per share, payable on November 27, 2024, to shareholders of record as of November 14, 2024. The dividend represents an annualized yield of 5.28% based on the October 29, 2024 closing price of $10.41. This marks the company's second decade of consistent dividend payments, with the current dividend being supported by both earnings and cash flow.
Hennessy Advisors, Inc. (HNNA) reported strong financial results for its third fiscal quarter of 2024, ending June 30. The company saw a 73% increase in quarterly earnings per share and announced a quarterly dividend of $0.1375 per share. Key highlights include:
- Total revenue of $7.8 million, up 37%
- Net income of $2.0 million, up 82%
- Fully diluted EPS of $0.26, up 73%
- Average assets under management of $3.9 billion, up 37%
- Total assets under management of $4.0 billion, up 36%
The company's growth is attributed to fund acquisitions, net inflows, and fund performance. CEO Neil Hennessy expressed optimism about the U.S. stock market's performance, citing positive factors such as lower inflation data and solid GDP growth estimates for 2024.
Hennessy Advisors, Inc. reported a 25% increase in quarterly earnings per share and announced a quarterly dividend. The firm highlighted strong market performance, positive returns on funds, and growth in assets under management. Key financial metrics showed significant growth, with total revenue up 17%, net income up 29%, and fully diluted earnings per share up 25% compared to the previous quarter. The company's total assets under management increased by 36%, strengthening its financial position.
