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Hennessy Advisors, Inc. logo

Hennessy Advisors, Inc.

HNNA

NASDAQFinancial ServicesAsset Management

Open in GoAI

Regular session

$9.87

−$0.02 · -0.20%

Aug 24, 1:57 PM ET

HNNA company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

93

Deep Value

Momentum

49

Neutral

Sentiment

51

Mixed

Risk resilience

61

Moderate Risk

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Company profile

Company website

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.

Industry
Asset Management
Sector
Financial Services
Headquarters
US
CEO
Neil Joseph Hennessy
Listed since
Mar 9, 2005
Employees
18

Market position

Day range

Current $9.87

52-week range

Current $9.87

Open
$9.84
Previous close
$9.89
Volume
862.82
0.14× average
Average volume
6.3K
Average daily volume
Market cap
78M USD
Beta
0.56
Market reference 1
50-day average
$9.99
-1.20% below average
200-day average
$9.946
-0.76% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
49.45M USD
P/E (TTM)
9.49×
P/B (TTM)
0.78×
P/S (TTM)
2.36×
EV / EBITDA
3.68×
Earnings yield
12.24%
Free cash flow yield
16.41%
Dividend yield
5.90%

Profitability & efficiency

Gross margin
76.85%
Operating margin
33.42%
Net margin
24.78%
Return on equity
10.19%
Return on assets
6.21%
Return on invested capital
6.21%

Financial health

Debt / equity
0×
Current ratio
12.72×
Altman Z-score
3.98
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends78%57%36%15%Gross margin, FY2021: 72.29%Gross margin, FY2022: 71.95%Gross margin, FY2023: 50.14%Gross margin, FY2024: 69.43%Gross margin, FY2025: 70.10%Operating margin, FY2021: 33.21%Operating margin, FY2022: 33.16%Operating margin, FY2023: 26.37%Operating margin, FY2024: 29.91%Operating margin, FY2025: 36.99%Net margin, FY2021: 24.12%Net margin, FY2022: 20.86%Net margin, FY2023: 19.86%Net margin, FY2024: 23.94%Net margin, FY2025: 28.03%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 72.29%. Gross margin FY2022 71.95%. Gross margin FY2023 50.14%. Gross margin FY2024 69.43%. Gross margin FY2025 70.10%. Operating margin FY2021 33.21%. Operating margin FY2022 33.16%. Operating margin FY2023 26.37%. Operating margin FY2024 29.91%. Operating margin FY2025 36.99%. Net margin FY2021 24.12%. Net margin FY2022 20.86%. Net margin FY2023 19.86%. Net margin FY2024 23.94%. Net margin FY2025 28.03%.

Income trends

Revenue

35.54M USD+19.87%

Operating income

13.15M USD+48.25%

Net income

9.96M USD+40.34%
Income trends across reported periods38.61M USD26.31M USD14M USD1.69M USDRevenue, FY2021: 32.76M USDRevenue, FY2022: 29.67M USDRevenue, FY2023: 24.02M USDRevenue, FY2024: 29.65M USDRevenue, FY2025: 35.54M USDOperating income, FY2021: 10.88M USDOperating income, FY2022: 9.84M USDOperating income, FY2023: 6.33M USDOperating income, FY2024: 8.87M USDOperating income, FY2025: 13.15M USDNet income, FY2021: 7.9M USDNet income, FY2022: 6.19M USDNet income, FY2023: 4.77M USDNet income, FY2024: 7.1M USDNet income, FY2025: 9.96M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 32.76M USD. Revenue FY2022 29.67M USD. Revenue FY2023 24.02M USD. Revenue FY2024 29.65M USD. Revenue FY2025 35.54M USD. Operating income FY2021 10.88M USD. Operating income FY2022 9.84M USD. Operating income FY2023 6.33M USD. Operating income FY2024 8.87M USD. Operating income FY2025 13.15M USD. Net income FY2021 7.9M USD. Net income FY2022 6.19M USD. Net income FY2023 4.77M USD. Net income FY2024 7.1M USD. Net income FY2025 9.96M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue35.54M USD29.65M USD24.02M USD29.67M USD32.76M USD
Cost of goods sold10.63M USD9.06M USD11.98M USD8.32M USD9.08M USD
Gross profit24.91M USD20.58M USD12.04M USD21.35M USD23.68M USD
Selling, general, and administrative6.3M USD6.48M USD5.48M USD11.3M USD12.57M USD
Operating expenses11.77M USD11.72M USD5.71M USD11.51M USD12.8M USD
Interest income2.77M USD3.11M USD2.52M USD229K USD—
Interest expense2.29M USD2.28M USD2.26M USD2.12M USD—
Depreciation and amortization290K USD244K USD230K USD207K USD232K USD
Operating income13.15M USD8.87M USD6.33M USD9.84M USD10.88M USD
Net income9.96M USD7.1M USD4.77M USD6.19M USD7.9M USD

Company facts updated Aug 24, 2026.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

$0.55

2025 complete year0.0% since 2021

2026 partial: $0.45

* Partial calendar year in the available dividend history.

Corporate action history

Dividend

Ex-dividend Aug 20, 2026

$0.15

Quarterly

Record Aug 20, 2026 · Payment Sep 3, 2026

Dividend

Ex-dividend May 21, 2026

$0.15

Quarterly

Record May 21, 2026 · Payment Jun 4, 2026

Dividend

Ex-dividend Feb 18, 2026

$0.15

Quarterly

Record Feb 18, 2026 · Payment Mar 4, 2026

Dividend

Ex-dividend Nov 12, 2025

$0.1375

Quarterly

Record Nov 12, 2025 · Payment Nov 26, 2025

Dividend

Ex-dividend Aug 20, 2025

$0.1375

Quarterly

Record Aug 20, 2025 · Payment Sep 4, 2025

Dividend

Ex-dividend May 20, 2025

$0.1375

Quarterly

Record May 20, 2025 · Payment Jun 4, 2025

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ETFs holding HNNA

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.78M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$377.04-0.32%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
501.62K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$243.22-0.94%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
184.16K
Weight
0.01%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$196.53-0.81%
EA Bridgeway Omni Small-Cap Value ETF logoEA Bridgeway Omni Small-Cap Value ETFBSVO
Market value
180K
Weight
0.01%
AUM
1.71B USD
Expense ratio
0.47%
Price / 1D
$29.50-0.41%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
148.11K
Weight
0.00%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.4401-0.37%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
34.08K
Weight
0.00%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.30-0.52%
Dimensional - US Core Equity 1 ETF logoDimensional - US Core Equity 1 ETFDCOR
Market value
12.36K
Weight
0.00%
AUM
3.51B USD
Expense ratio
0.14%
Price / 1D
$84.345-0.23%
Dimensional - US Sustainability Core 1 ETF logoDimensional - US Sustainability Core 1 ETFDFSU
Market value
3.73K
Weight
0.00%
AUM
2.35B USD
Expense ratio
0.15%
Price / 1D
$48.15-0.10%

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