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.
On April 26, 2023, Hennessy Advisors (NASDAQ: HNNA) announced a definitive agreement to manage the CCM Core Impact Equity Fund and CCM Small/Mid-Cap Impact Value Fund, which have approximately $70 million in assets. This strategic move will reorganize these funds into the Hennessy Stance ESG ETF, set to be renamed on April 28, 2023. Upon completion, subject to shareholder approval, the merger aims to align investor capital with socially responsible investing goals while striving for market outperformance. Hennessy intends for this transaction to qualify as a tax-free reorganization, benefiting CCM shareholders without immediate tax implications.
Hennessy Advisors, Inc. (Nasdaq:HNNA) reported its Q1 2023 financial results, showing total revenue of $6.1 million, a 28% decrease year-over-year, and net income of $1.1 million, down 42%. EPS fell to $0.15, a 40% decline. The company announced a quarterly dividend of $0.1375 per share, representing a yield of 5.6%. Despite a reduction in assets under management by 26% to $3.0 billion, cash reserves increased by 17.9%. Hennessy remains committed to value investing and is optimistic about future growth opportunities.
Hennessy Advisors, Inc. (NASDAQ: HNNA) has successfully completed the acquisition of the Stance Equity ESG Large Cap Core ETF (NYSE: STNC), now rebranded as the Hennessy Stance ESG Large Cap ETF. This transaction involves approximately $43 million in assets, with Stance Capital continuing as sub-advisor. Chairman Neil Hennessy emphasized the significance of this deal as their 11th acquisition, expanding their product offerings in the ETF market. The collaboration aims to ensure quality service for new shareholders.
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