Hennessy Advisors, Inc. (HNNA)

In the past six months, Hennessy Advisors, Inc.'s stock price has been impacted by several events. The company reported its second fiscal quarter earnings on May 6, 2026, which were affected by a decline in assets under management (AUM). Despite this, Hennessy Advisors declared a quarterly dividend of $0.15 per share, representing an annualized yield of 6.0%. Earlier, on February 5, 2026, the company reported quarterly earnings, and on December 3, 2025, it announced strong fiscal 2025 results with a 38% increase in annual earnings per share. An announcement of a dividend also occurred on October 29, 2025. In May 2025, Hennessy announced a transition to a fully transparent ETF structure and a name change for one of its ETFs. The stock price has experienced fluctuations, with a 4.0% loss over the past 12 months as of May 8, 2026.

Specific demand seasonality for Hennessy Advisors, Inc.'s products and services is not explicitly detailed. The investment advisory industry can be influenced by broader market seasonality, such as the "January effect" and the "Sell in May and go away" adage. Financial advisors often adjust strategies seasonally, such as reviewing portfolios for tax-loss harvesting opportunities in the fall or preparing for year-end planning. The company's revenue is tied to assets under management, which can fluctuate with market performance and investor behavior.

Hennessy Advisors, Inc. is a publicly traded investment manager in the finance and insurance sector, focusing on securities, commodity exchanges, and asset management. The company generates revenue primarily from investment advisory services and shareholder services. Hennessy Advisors manages and markets open-end mutual funds, known as the Hennessy Funds, with a range of offerings. The firm is also involved in the ETF space, serving as an investment advisor to the Hennessy Sustainable ETF and planning to acquire and reorganize other ETFs. Hennessy Advisors follows a consistent buy-and-hold investment philosophy, avoiding market timing.

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

Hennessy Advisors was recognized as one of the "Best Places to Work" by the North Bay Business Journal for 2025, marking the 12th consecutive year it has received this award. However, a data breach negatively impacted the company's reputation. On February 5, 2026, Hennessy Advisors identified unauthorized access to personal information of investors in the Hennessy Funds, affecting 12,643 individuals in the United States. The exposed information included personally identifiable information, and Hennessy Advisors has offered complimentary identity theft protection and credit monitoring services to those affected.

Hennessy Advisors, Inc. has a diverse ownership structure, with approximately 14.02% held by institutional shareholders, 44.90% by insiders, and 41.08% by retail investors. Major institutional owners include Vanguard Group Inc, Truffle Hound Capital, LLC, Aegis Financial Corp, Renaissance Technologies Llc, Allworth Financial LP, Perigon Wealth Management, LLC, Geode Capital Management, Llc, Dimensional Fund Advisors Lp, Navellier & Associates Inc, Northern Trust Corp, Redhawk Wealth Advisors Inc., Empowered Funds LLC, Bridgeway Capital Management LLC, Citadel Advisors LLC, Evergreen Capital Management LLC, and Susquehanna International Group LLP. Key individual owners include Neil J. Hennessy (Chairman and CEO, owning 26.94% of the company), Brian A. Hennessy, Henry Hansel, Susan Weber Pomilia, Teresa M. Nilsen (President, COO, Corporate Secretary, and Director), Daniel G. Libarle, and Rodger Offenbach.