Hennessy Advisors, Inc. (HNNA)

In the past six months, Hennessy Advisors, Inc.'s stock price has been impacted by several events. Quarterly earnings reported on February 5, 2026, resulted in a +1.86% stock price change. An 8-K filing on February 9, 2026, indicated shareholder support for the board and pay plan. Strong fiscal 2025 results reported on December 3, 2025, showed a 38% increase in annual earnings per share, leading to a +0.46% stock price change. A dividend announcement on October 29, 2025, was followed by a +4.93% increase in stock price. A Schedule 13G filing on February 3, 2026, disclosed Seaport's 5.2% stake in HNNA. The stock price as of March 16, 2026, was $9.71 per share, representing an 8.65% decline over the past year.

While a seasonality tool indicates recurring monthly trends in asset performance for HNNA, it cautions that these historical patterns should not be considered guaranteed forecasts. Hennessy Advisors' existing funds have been experiencing persistent outflows, which is a common trend for traditional active managers. The company's growth outlook is considered challenging and heavily reliant on acquiring other mutual funds, a process that has reportedly stalled. Without new products, entry into the ETF market, or significant acquisitions, the company's revenue and earnings are projected to continue declining due to these outflows.

Hennessy Advisors, Inc. is a publicly traded investment manager in the asset management industry that manages and markets the Hennessy Funds, a family of open-end mutual funds. The company also advises the Hennessy Sustainable ETF and has agreements to acquire other tactical growth ETFs. Revenue is derived from investment advisory and shareholder services, with fees based on the funds' average daily net asset values. Hennessy Advisors follows a consistent buy-and-hold investment philosophy.

Hennessy Advisors, Inc. is headquartered in Novato, California, and has additional offices in Boston, Massachusetts, Chapel Hill, North Carolina, and Austin, Texas.

Hennessy Advisors has maintained a positive brand reputation, being recognized as one of the "Best Places to Work" by the North Bay Business Journal for 2025, marking the twelfth consecutive year of this recognition. The company emphasizes its commitment to providing superior service to shareholders and adhering to a disciplined investment approach.

Hennessy Advisors, Inc. has a diverse ownership structure, with 39 institutional owners holding 1,140,900 shares as of March 27, 2026. Major institutional shareholders include Vanguard Group Inc., Truffle Hound Capital, LLC, and Aegis Financial Corp. Neil J. Hennessy, Chairman and CEO, is the largest individual shareholder, owning 2,128,791 shares, representing 26.97% of the company. As of March 27, 2026, institutional shareholders own 14.04% of the stock, insiders own 44.96%, and retail investors hold 41.00%. Insider selling has been observed in the past three months, with insiders selling $5,339.00 in company stock.