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Hennessy Advisors Inc - HNNA STOCK NEWS

Welcome to our dedicated news page for Hennessy Advisors (Ticker: HNNA), a resource for investors and traders seeking the latest updates and insights on Hennessy Advisors.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Hennessy Advisors's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Hennessy Advisors's position in the market.

Rhea-AI Summary
Hennessy Advisors, Inc. (HNNA) acquires assets related to the management of the CCM Core Impact Equity Fund, reorganizing it into an existing ETF. The acquisition amounts to approximately $60 million. Neil Hennessy, CEO, expresses gratitude to shareholders for their confidence. The Fund's unique structure poses potential risks and benefits for investors.
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Hennessy Advisors, Inc. (HNNA) reported strong financial results for the first fiscal quarter of 2024, with an increase in total revenue, net income, and earnings per share. The firm also declared a quarterly dividend of $0.1375 per share, representing an annualized dividend yield of 8.3%. The company's total assets under management increased by 9% compared to the prior year, and cash and cash equivalents also saw a significant rise of 15%. The market performance in 2023 was robust, with all 17 Hennessy Funds producing positive returns and the S&P 500® Index returning 26.29% and the Dow Jones Industrial Average returning 16.18% for the year. The CEO expressed confidence in the corporate profits, cash flow, and the U.S. consumer's participation in economic growth. The company's investment products were recognized for their strong performance in industry journals, further highlighting their success.
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Hennessy Advisors, Inc. (HNNA) Reports Fiscal Year 2023 Results
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Hennessy Advisors, Inc. (NASDAQ: HNNA) completes the acquisition of CCM Small/Mid-Cap Impact Value Fund assets, totaling approximately $12 million. The fund will be reorganized into an existing ETF managed by Hennessy. Neil Hennessy and Alyssa Greenspan express gratitude and confidence in the acquisition.
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Hennessy Advisors, Inc. declares quarterly dividend of $0.1375 per share, representing an annualized dividend yield of 8.47%.
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Hennessy Advisors Inc

Nasdaq:HNNA

HNNA Rankings

HNNA Stock Data

54.80M
4.05M
45.09%
10.9%
1.32%
Securities and Commodity Exchanges
Finance and Insurance
Link
US
Novato

About HNNA

hennessy advisors, inc. is the publicly traded investment manager of the hennessy funds. the company serves clients with integrity, honesty and candor. hennessy advisors' strength lies in their disciplined investment style and commitment to managing their mutual funds for the benefit of their shareholders.