Hennessy Advisor Stock Price, News & Analysis
Company Description
Hennessy Advisors, Inc. (Nasdaq: HNNA) is a publicly traded investment manager in the finance and insurance sector. According to company disclosures, it manages and markets open-end mutual funds branded as the Hennessy Funds and offers a broad range of domestic equity, multi-asset, sector and specialty funds, as well as fixed income products. The firm operates in the securities and commodity exchanges industry and focuses on a consistent and disciplined buy-and-hold investment philosophy that rejects the idea of market timing.
The company’s primary revenue is earned from investment advisory services, with additional revenue from shareholder services. Advisory activities include managing each fund’s portfolio in line with its stated investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting for the funds. Shareholder services include investor support and coordination with the fund service provider, with related fees based on the funds’ average daily net asset values.
Hennessy Advisors emphasizes the historical performance of its funds. Company communications state that its lineup includes 17 Hennessy Funds, and that those funds have delivered positive returns across multiple time periods referenced in its public releases. The firm highlights its focus on long-term investing and a disciplined approach as key elements of its operating model.
In addition to mutual funds, Hennessy Advisors is active in the exchange-traded fund (ETF) space. The company serves as investment advisor to the Hennessy Sustainable ETF, which it describes as a fully transparent ETF that discloses its holdings daily. The firm has also announced a definitive agreement to acquire the assets of two ETFs, the STF Tactical Growth ETF and the STF Tactical Growth & Income ETF, and to reorganize them as the Hennessy Tactical Growth ETF and the Hennessy Tactical Growth and Income ETF. These steps are described by the company as part of a long-term growth strategy through acquisitions and an effort to expand its ETF offerings.
Hennessy Advisors’ communications also describe a long-standing commitment to shareholder service and to prioritizing shareholders’ interests. The firm notes its emphasis on providing superior service to shareholders and on maintaining a disciplined, value-based investing approach. It has also highlighted its history of paying quarterly dividends on its common stock, with dividends described as being supported by earnings and cash flow.
Overall, Hennessy Advisors presents itself as an asset manager focused on mutual funds and ETFs, with revenue tied to assets under management and a business model centered on long-term investing, acquisitions of fund assets, and consistent shareholder distributions. Its disclosures underscore a strategy that combines fund management, disciplined investment philosophy, and expansion of product offerings, including sustainability-focused and tactical growth ETFs.
Stock Performance
Hennessy Advisor (HNNA) stock last traded at $9.80, up 0.51% from the previous close. Over the past 12 months, the stock has lost 2.9%. At a market capitalization of $76.9M, HNNA is classified as a micro-cap stock with approximately 7.9M shares outstanding.
Latest News
Hennessy Advisor has 10 recent news articles. Of the recent coverage, 8 articles coincided with positive price movement and 2 with negative movement. Key topics include dividends, earnings, acquisition. View all HNNA news →
SEC Filings
Hennessy Advisor has filed 5 recent SEC filings, including 2 Form 8-K, 1 Form 10-Q, 1 Form SCHEDULE 13G, 1 Form 13F-HR. The most recent filing was submitted on February 9, 2026. SEC filings provide transparency into a company's financial condition, material events, and regulatory compliance. View all HNNA SEC filings →
Financial Highlights
Hennessy Advisor generated $35.5M in revenue over the trailing twelve months, operating income reached $13.1M (37.0% operating margin), and net income was $10.0M, reflecting a 28.0% net profit margin. Diluted earnings per share stood at $1.27. The company generated $13.8M in operating cash flow. With a current ratio of 12.72, the balance sheet reflects a strong liquidity position.
Upcoming Events
Short Interest History
Short interest in Hennessy Advisor (HNNA) currently stands at 3.7 thousand shares, down 20.4% from the previous reporting period, representing 0.1% of the float. Over the past 12 months, short interest has decreased by 96.5%. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for Hennessy Advisor (HNNA) currently stands at 1.0 days. This low days-to-cover ratio indicates high liquidity, allowing short sellers to quickly exit positions if needed. The days to cover has decreased 73.5% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 1.0 to 21.4 days.
HNNA Company Profile & Sector Positioning
Hennessy Advisor (HNNA) operates in the Asset Management industry within the broader Investment Advice sector and is listed on the NASDAQ.
Investors comparing HNNA often look at related companies in the same sector, including Western Asset Glb Corp Opp (GDO), DTF Tax-Free Income 2028 Term (DTF), The Central and Eastern Europe Fund (CEE), Western Asset IG Opp (IGI), and Virtus Global Multi-Sector Income (VGI). Comparing financial metrics, valuation ratios, and stock performance across these peers can help investors evaluate HNNA's relative position within its industry.