Hennessy Advisor Stock Price, News & Analysis

Hennessy Advisors (NASDAQ: HNNA) has completed a public offering of 4.875% unsecured notes due 2026 totaling $40.25 million. The offering included $5.25 million from the underwriters' option. Rated 'A' by Egan-Jones, the notes will trade on Nasdaq as HNNAZ. Net proceeds of approximately $39 million will be used for general corporate purposes, possibly for acquisitions or share repurchases. The offering was registered with the SEC on September 23, 2021, and became effective on October 13, 2021.

Hennessy Advisors, Inc. (NASDAQ: HNNA) has announced the pricing of a public offering of $35 million in 4.875% unsecured notes due 2026. The offering includes an option for underwriters to purchase an additional $5.25 million in notes. The 2026 Notes will be listed on Nasdaq under the symbol HNNAZ and will bear interest payable quarterly, starting December 31, 2021. Proceeds from the offering will be used for general corporate purposes, including potential acquisitions or share repurchases. The offering's registration statement was declared effective on October 13, 2021.

Hennessy Advisors (NASDAQ: HNNA) announced a public offering of unsecured notes due 2026. The offering, managed by Oppenheimer & Co. Inc., expects the notes to trade on Nasdaq under the symbol HNNAZ within 30 days post-issuance. Proceeds from the offering will be allocated for general corporate purposes, including potential acquisitions or stock repurchase programs. A registration statement has been filed with the SEC, but is not yet effective, making the securities unavailable for sale until then.

Hennessy Advisors, Inc. (NASDAQ:HNNA) reported strong financial results for Q3 2021, posting $8.5 million in revenue, a 24% increase year-over-year. Net income rose 26% to $2.2 million, with fully diluted earnings per share up 25% to $0.30. Average assets under management increased 20% to $4.2 billion. The company declared a quarterly dividend of $0.1375, providing an annualized yield of 5.9%. CEO Neil Hennessy noted ongoing market strength and potential for future growth amid economic recovery.

Hennessy Advisors, Inc. (NASDAQ:HNNA) reported its Q2 2021 results, indicating a total revenue of $7.9 million, an 11% decrease year-over-year. Net income fell by 4% to $1.9 million, resulting in fully diluted earnings per share of $0.26. However, the company's total assets under management increased by 21% to $4.0 billion, supported by strong cash growth of 64%, leading to a quarterly dividend announcement of $0.1375 per share, yielding 6.0% annually.

Hennessy Advisors, Inc. (NASDAQ:HNNA) reported its Q1 2021 earnings, revealing a total revenue of $7.8 million, a 24% decrease year-over-year. Net income fell by 33% to $1.8 million, resulting in fully diluted earnings per share (EPS) of $0.24, down 31%. Despite these declines, the company announced a quarterly dividend of $0.1375 per share, yielding 6.0% annually. Average assets under management also decreased by 24% to $3.8 billion, although cash equivalents increased by 65% to $10.0 million.

Hennessy Advisors (NASDAQ:HNNA) reported fiscal year 2020 results with total revenue of $33.4 million, down 22% from 2019. Net income decreased by 29% to $7.8 million, with diluted EPS at $1.06, reflecting a 25% decrease. The firm managed average assets of $4.1 billion, down 21%, and total assets of $3.6 billion, down 27%. Cash and equivalents rose 39% to $10 million.

The Board of Directors of Hennessy Advisors has declared a quarterly dividend of $0.1375 per share, payable on December 2, 2020, to shareholders of record as of November 12, 2020. This amounts to an annualized dividend of $0.55, reflecting a yield of 6.7% based on the closing stock price of $8.25 on October 29, 2020. Despite the challenges of 2020, the company reaffirms its commitment to rewarding shareholders through consistent dividend payouts.