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) declared a quarterly dividend of $0.1375 per share, payable on November 30, 2022, to shareholders of record by November 15, 2022, representing an annual yield of 6.25%. The company has maintained uninterrupted dividend payments for 18 years, demonstrating their commitment to financial stability. The annualized dividend totals $0.55 per share, based on a closing stock price of $8.80 on October 26, 2022.
Hennessy Advisors (NASDAQ: HNNA) has announced a definitive agreement with Stance Capital and Red Gate Advisers to manage the Stance Equity ESG Large Cap Core ETF (NYSE: STNC), which currently has approximately $40 million in assets. Expected to be finalized in Q4 2022, the Stance ETF will be reorganized under Hennessy Funds Trust as the Hennessy Stance ESG Large Cap ETF. Hennessy will serve as the investment advisor, with Stance Capital remaining a sub-advisor. This strategic move highlights Hennessy’s focus on long-term value and expansion into the ETF market.
Hennessy Advisors (NASDAQ: HNNA) reported Q3 2022 results, with total revenue of $6.9 million, down 19% year-over-year. Net income decreased by 42% to $1.3 million, with diluted EPS down 43% at $0.17. Average assets under management fell by 17% to $3.4 billion. The company announced a quarterly dividend of $0.1375 per share, yielding 5.3%. Despite economic challenges, management stated cash continues to grow and shares eligible for buyback have increased to over 1 million.
Hennessy Advisors (NASDAQ:HNNA) reported Q2 2022 results, revealing total revenue of $7.7 million, a decline of 2% year-over-year. Net income fell by 15% to $1.6 million, with diluted earnings per share at $0.21, down 19%. Despite these declines, cash and cash equivalents net of debt increased by 36% to nearly $15.6 million. A quarterly dividend of $0.1375 per share was announced, yielding 5.8%. The firm maintains confidence in the U.S. economy's strength amid ongoing global challenges.
Hennessy Advisors, Inc. (NASDAQ:HNNA) reported its Q1 2022 results, highlighting a 10% increase in revenue to $8.5 million and an 8% rise in net income to $1.9 million. The fully diluted EPS grew by 4% to $0.25. The firm announced a quarterly dividend of $0.1375 per share, yielding 5.4%. Additionally, cash net of debt surged by 43%, positioning the company competitively for acquisitions. Despite market volatility, the CEO remains optimistic about achieving new highs in 2022.
Hennessy Advisors, Inc. (Nasdaq: HNNA) has announced the appointment of Lydia Knight-O'Riordan to its Board of Directors, bringing nearly 40 years of project management experience. The addition of Knight-O'Riordan increases the board to ten members, with six being independent directors. Chairman and CEO Neil Hennessy expressed confidence in her ethical standards and commitment to the company. Hennessy Advisors is focused on investment management, emphasizing a disciplined buy-and-hold investment strategy.
Hennessy Advisors (Nasdaq: HNNA) reported fiscal year earnings results for the year ended September 30, 2021. Total revenue decreased by 1.9% to $32.8 million, while net income rose 0.8% to $7.9 million. Fully diluted EPS increased 0.9% to $1.07. Average assets under management fell by 2.7% to $4.0 billion, although total assets under management increased by 14.1% to $4.1 billion. Cash and cash equivalents surged by 59.1% to $15.8 million, enhancing liquidity for future opportunities.
The Board of Directors of Hennessy Advisors (NASDAQ: HNNA) declared a quarterly dividend of $0.1375 per share, to be paid on November 23, 2021. Shareholders of record as of November 11, 2021 will receive this payment, marking the 17th consecutive year of dividend payments. The annualized dividend equates to $0.55, resulting in a yield of 4.8% based on the closing price of $11.49 on October 28, 2021. This reflects the company's financial strength and commitment to its shareholders.
Hennessy Advisors (NASDAQ: HNNA) has completed a public offering of 4.875% unsecured notes due 2026 totaling $40.25 million. The offering included $5.25 million from the underwriters' option. Rated 'A' by Egan-Jones, the notes will trade on Nasdaq as HNNAZ. Net proceeds of approximately $39 million will be used for general corporate purposes, possibly for acquisitions or share repurchases. The offering was registered with the SEC on September 23, 2021, and became effective on October 13, 2021.
Hennessy Advisors, Inc. (NASDAQ: HNNA) has announced the pricing of a public offering of $35 million in 4.875% unsecured notes due 2026. The offering includes an option for underwriters to purchase an additional $5.25 million in notes. The 2026 Notes will be listed on Nasdaq under the symbol HNNAZ and will bear interest payable quarterly, starting December 31, 2021. Proceeds from the offering will be used for general corporate purposes, including potential acquisitions or share repurchases. The offering's registration statement was declared effective on October 13, 2021.
