Hennessy Advisors Inc HNNA Stock Analysis
- Nasdaq
- Stock
- Market closed · opens Monday 9:30 AM ET
$10.19 down $0.33, 3.14% at close Nov 6
Last close · Previous close $10.52
- Market cap
- $80.53MAt the Nov 6 close
- P/E ratio
- 9.70On last 12 months’ EPS
- Diluted EPS
- $1.05Last 12 months
- Dividend yield
- 8.76%Last 12 months
Price chart
$10.19down $0.15, 1.45%Past month
Use the left and right arrow keys to move along the chart.
Price data
Trading
- Previous close$10.52Nov 5
- Volume8.54KNov 6 session
Shares traded on all US exchanges in the last completed session. Live intraday volume covers IEX only, so it is left out.
- Avg. volume5.53KLast 21 sessions
The average daily shares traded over the last 21 trading sessions, about one calendar month.
- 52-week range: $9.20 to $10.89; now $10.19
The lowest and highest trades over the past 52 weeks, adjusted for splits. The marker shows the latest price.
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
Performance
Past performance, measured to the Nov 6 close. Total return includes reinvested dividends.Price change only, without dividends. Compared with the S&P 500, using SPY.
HNNA beat the S&P 500 in 5 of 7 periods.
| Period | HNNA and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | HNNA: down 1.5% S&P 500: down 5.6% | HNNA beat the S&P 500 by 4.1 percentage points Beat |
| 3M | HNNA: up 4.3% S&P 500: down 4.1% | HNNA beat the S&P 500 by 8.4 percentage points Beat |
| YTD | HNNA: up 14.4% S&P 500: up 8.7% | HNNA beat the S&P 500 by 5.7 percentage points Beat |
| 1Y | HNNA: up 13.6% S&P 500: up 10.9% | HNNA beat the S&P 500 by 2.7 percentage points Beat |
| Long term | ||
| 3Y | HNNA: up 88.5% S&P 500: up 75.0% +23.5% vs +20.5% a year | HNNA beat the S&P 500 by 13.5 percentage points Beat |
| 5Y | HNNA: up 24.7% S&P 500: up 67.8% +4.5% vs +10.9% a year | HNNA trailed the S&P 500 by 43.1 percentage points Trailed |
| 10Y | HNNA: down 0.2% S&P 500: up 313.1% −0.0% vs +15.2% a year | HNNA trailed the S&P 500 by 313.3 percentage points Trailed |
$10,000 invested in HNNA 10 years ago (Nov 4, 2016) would be worth about $9,982 at the close on , with dividends reinvested. The same amount in the S&P 500 would be worth about $41,313.
HNNA beat the S&P 500 in 2 of 7 periods.
| Period | HNNA and S&P 500 | vs S&P 500 |
|---|---|---|
| Short term | ||
| 1M | HNNA: down 1.5% S&P 500: down 5.6% | HNNA beat the S&P 500 by 4.1 percentage points Beat |
| 3M | HNNA: up 2.7% S&P 500: down 4.3% | HNNA beat the S&P 500 by 7.0 percentage points Beat |
| YTD | HNNA: up 6.1% S&P 500: up 7.8% | HNNA trailed the S&P 500 by 1.7 percentage points Trailed |
| 1Y | HNNA: up 4.0% S&P 500: up 9.7% | HNNA trailed the S&P 500 by 5.7 percentage points Trailed |
| Long term | ||
| 3Y | HNNA: up 52.3% S&P 500: up 68.8% +15.1% vs +19.1% a year | HNNA trailed the S&P 500 by 16.5 percentage points Trailed |
| 5Y | HNNA: down 10.9% S&P 500: up 56.9% −2.3% vs +9.4% a year | HNNA trailed the S&P 500 by 67.8 percentage points Trailed |
| 10Y | HNNA: down 41.4% S&P 500: up 252.6% −5.2% vs +13.4% a year | HNNA trailed the S&P 500 by 294.0 percentage points Trailed |
$10,000 invested in HNNA 10 years ago (Nov 4, 2016) would be worth about $5,856 at the close on , not counting dividends. The same amount in the S&P 500 would be worth about $35,257.
All-time high
$25.90
Closing high on . Now 60.7% below that record.
Split-adjusted daily closes since Oct 15, 2002.
Stock splits
4
Latest: 3-for-2 on . One share bought before the first split is 5 shares today.
All 4 splits
- 3-for-2
- 3-for-2
- 3-for-2
- 3-for-2
Valuation
The Nov 6 close compared with the last 12 months of reported results (the four quarters to Jun 30, 2026). Tap a metric to see how it’s calculated.
Price-to-earnings (P/E)
9.7×The Nov 6 close ÷ diluted EPS over the last 12 months ($1.05)
The range covers daily P/E ratios from Oct 28, 2021 to Nov 6, 2026, each based on the previous 12 months of earnings.
HNNA trades at 9.7× its earnings over the last 12 months, below its 5-year median of 10.2×. In plain terms, buyers are paying about $10 for each $1 of profit from the past year. How to read P/E
Other valuation measures
- 2.4×Last 12 months’ revenue
Market value divided by revenue over the last 12 months. Useful when earnings are small or negative.
P/S = Market cap ÷ Revenue (last 12 months)Price-to-sales ratio - 0.8×Book value as of Jun 30, 2026
Price relative to accounting equity (book value) per share on the Jun 30, 2026 balance sheet. Asset-light companies often trade far above book value.
P/B = Price ÷ Book value per sharePrice-to-book ratio - 3.2×Last 12 months’ EBITDA
Enterprise value divided by EBITDA over the last 12 months. It compares companies with different amounts of debt.
EV/EBITDA = Enterprise value ÷ EBITDA (last 12 months)EV/EBITDA explained - 12.64%Last 12 months’ free cash flow
Free cash flow over the last 12 months as a share of the company’s market value: the cash the business generated for each dollar of stock.
FCF yield = Free cash flow (last 12 months) ÷ Market capFree cash flow - $45.59MAt the Nov 6 close
What it would cost to buy the whole business: the market cap at the Nov 6 close, plus debt, minus cash and short-term investments from the Jun 30, 2026 balance sheet.
EV = Market cap + Debt − Cash and short-term investmentsEV/EBITDA explained
Build your own HNNA DCF in Excel. Value Hennessy Advisors with your own growth and margin assumptions.Browse DCF models Free DCF calculator
Financials
Reported results, not forecasts. From company filings via Tiingo; the latest report is Q3 FY26, the quarter ended Jun 30, 2026. “Last 12 months” means the four quarters from Jul 1, 2025 to Jun 30, 2026, and balance-sheet figures are as of Jun 30, 2026.
Revenue and net income
Last 12 months, with the change from the 12 months before
- Revenue
- $33.34Mdown 6.9%
- Net income
- $8.26Mdown 16.3%
- Diluted EPS
- $1.05down 16.0%
Data table
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| Q4 FY24 (Sep 30, 2024) | $8.78M | $2.33M | $0.30 |
| Q1 FY25 (Dec 31, 2024) | $9.71M | $2.83M | $0.36 |
| Q2 FY25 (Mar 31, 2025) | $9.28M | $2.58M | $0.33 |
| Q3 FY25 (Jun 30, 2025) | $8.05M | $2.12M | $0.26 |
| Q4 FY25 (Sep 30, 2025) | $8.50M | $2.42M | $0.32 |
| Q1 FY26 (Dec 31, 2025) | $8.32M | $1.93M | $0.24 |
| Q2 FY26 (Mar 31, 2026) | $8.13M | $1.91M | $0.24 |
| Q3 FY26 (Jun 30, 2026) | $8.39M | $2.00M | $0.25 |
| Period | Revenue | Net income | Diluted EPS |
|---|---|---|---|
| FY21 (Sep 30, 2021) | $32.76M | $7.90M | $1.07 |
| FY22 (Sep 30, 2022) | $29.67M | $6.19M | $0.82 |
| FY23 (Sep 30, 2023) | $24.02M | $4.77M | $0.63 |
| FY24 (Sep 30, 2024) | $29.65M | $7.10M | $0.92 |
| FY25 (Sep 30, 2025) | $35.54M | $9.96M | $1.27 |
Margins
- Gross 54.0%
- Operating 33.4%
- Net 24.8%
The percentages above the chart cover the last 12 months; the lines show each quarter. What margins tell you
Cash flow
- $10.18MLast 12 months
Cash from operations minus capital spending: the cash left after the business maintains and grows its assets.
FCF = Operating cash flow − Capital spendingFree cash flow - Operating cash flow$10.51MLast 12 months
- Capital spending$331.00KLast 12 months
- 30.5%Last 12 months
Free cash flow as a share of revenue, both over the last 12 months.
Shareholder returns
- $447.00KLast 12 months
Cash spent repurchasing shares, net of shares issued. Buybacks shrink the share count, so each remaining share owns more of the company.
- Dividends paid$4.45MLast 12 months
- Total returned$4.90MLast 12 months
48% of free cash flow
Balance sheet
- $35.36MAs of Jun 30, 2026
Cash plus short- and long-term marketable securities on the Jun 30, 2026 balance sheet.
- Total debt$425.00KAs of Jun 30, 2026
- Net cash$34.94MAs of Jun 30, 2026
- 9.39As of Jun 30, 2026
Current assets divided by current liabilities on the Jun 30, 2026 balance sheet. Above 1 means short-term assets cover the bills due within a year.
Current ratio = Current assets ÷ Current liabilitiesCurrent ratio - 0.00As of Jun 30, 2026
Total debt divided by shareholders’ equity on the Jun 30, 2026 balance sheet: a measure of financial leverage.
D/E = Total debt ÷ Shareholders’ equityDebt-to-equity ratio
Financial strength
- 4 of 9Last 12 months
vs the 12 beforeA 0–9 checklist from accounting professor Joseph Piotroski. Each test compares the last 12 months with the 12 months before and scores a point if it passes. 8–9 is strong; 0–2 is weak.
- ✓Net income was positive: passed
- ✓Operating cash flow was positive: passed
- ✗Return on assets improved: not passed
- ✓Operating cash flow exceeded net income: passed
- ✓Long-term debt fell relative to assets: passed
- ✗Current ratio improved: not passed
- ✗Share count didn’t rise: not passed
- ✗Gross margin improved: not passed
- ✗Asset turnover (revenue ÷ assets) improved: not passed
- 8.3%Last 12 months
Over the last 12 months, Hennessy Advisors’s net income was 8.3% of its shareholders’ equity (averaged over the last four quarter-ends). It describes the past year, not an expected return.
ROE = Net income (last 12 months) ÷ Average equityReturn on equity - 5.5%Last 12 months
Over the last 12 months, Hennessy Advisors’s net income was 5.5% of its total assets (averaged over the last four quarter-ends): what the business earned on everything it owns.
ROA = Net income (last 12 months) ÷ Average total assets
Dividends
Cash dividends per share by ex-dividend year, adjusted for splits.
Dividends per share
Data table
| Year | Per share |
|---|---|
| 2016 | $0.23 |
| 2017 | $0.28 |
| 2018 | $0.41 |
| 2019 | $0.50 |
| 2020 | $0.55 |
| 2021 | $0.55 |
| 2022 | $0.55 |
| 2023 | $0.55 |
| 2024 | $0.55 |
| 2025 | $0.55 |
| 2026 (to date) | $0.75 |
Dividend details
- $0.89Per share, last 12 months
Cash dividends per share with ex-dividend dates in the last 12 months.
- 8.76%; 5-yr low 3.40%, 5-yr high 10.68%Last 12 months
Dividends paid over the last 12 months as a share of the Nov 6 close. The bar shows where that yield sits in its range over the past five years; the median was 5.78%.
- $0.15Ex-dividend
The most recent payment per share. Shares bought on or after the ex-dividend date don’t receive it.
- FrequencyQuarterly5 payments in the last 12 months
- unchanged a yearFull years 2020–2025
The compound annual growth rate of the full-year dividend per share from 2020 to 2025.
- 85.0%Last 12 months
The share of earnings paid out as dividends over the last 12 months. Lower ratios leave more room to reinvest or raise the dividend.
Payout = Dividends per share ÷ Diluted EPS (both last 12 months)Payout ratio calculator
About Hennessy Advisors Inc
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing. Supplemental Information Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
- Sector
- Financial Services
- Industry
- Asset Management
- Headquarters
- California, USA
- SEC filings
- EDGAR (opens in a new tab)
- Exchange
- Nasdaq
- Asset type
- Common stock
- Price history since
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HNNA stock FAQ
What is HNNA stock’s price today?
Hennessy Advisors (HNNA) traded at $10.19 at the close on , down $0.33 (3.14%) from the previous close of $10.52. Over the past 52 weeks it has traded between $9.20 and $10.89.
If you invested $1,000 in HNNA 10 years ago, how much would you have now?
With dividends reinvested, $1,000 invested in HNNA on would be worth about $998 at the close on , a total return of −0.2%. The same $1,000 would be worth $1,247 if invested five years ago, $1,136 if invested one year ago, and $1,971 if invested 20 years ago. Past performance doesn’t predict future returns.
What is Hennessy Advisors’s market cap?
Hennessy Advisors’s market capitalization is about $80.5 million. That’s Tiingo’s daily market cap for , at that day’s closing price of $10.19 (how market cap works). Hennessy Advisors reported 7.90M shares outstanding at the end of its latest quarter ().
What is HNNA’s P/E ratio?
HNNA trades at 9.7 times its diluted earnings over the four quarters to ($1.05 per share), at the close. Over the past five years its P/E has ranged from 7.0 to 14.7, with a median of 10.2. (How the P/E ratio works.)
How much revenue does Hennessy Advisors make?
Hennessy Advisors reported $33.3 million of revenue over the four quarters to , down 6.9% from the twelve months before. In its latest quarter (Q3 FY26, ended ) revenue was $8.4 million, up 4.2% from a year earlier.
Is Hennessy Advisors profitable?
Yes. Hennessy Advisors earned $8.3 million of net income over the four quarters to , a net margin of 24.8%, and its operating margin was 33.4% (what margins tell you).
What are HNNA’s earnings per share?
HNNA’s diluted earnings per share were $1.05 over the four quarters to , compared with $1.25 in the twelve months before. The latest quarter (Q3 FY26) brought $0.25 per share, against $0.26 a year earlier (how EPS works).
Does HNNA pay a dividend?
Yes. Hennessy Advisors pays a quarterly dividend. The most recent was $0.15 per share, with an ex-dividend date of . Over the last twelve months it paid $0.89 per share, a 8.76% yield at the close (how dividend yield works).
Based on the last 12 months’ payments ($0.89 per share), and if the next 12 months match the last 12, 100 shares would receive about $89 over 12 months, and $1,000 over 12 months would take about 1,121 shares, roughly $11,423 at the close. Dividends can change.
What is HNNA’s 52-week high and low?
Over the past 52 weeks HNNA has traded as low as $9.20 and as high as $10.89. At $10.19 at the close on , it is 6.4% below that high and 10.8% above the low.
What is HNNA’s all-time high?
HNNA’s highest closing price was $25.90 on , adjusted for stock splits. At $10.19 at the close on , it is 60.7% below that record.
Has HNNA stock ever split?
Yes, four times: 3-for-2 on ; 3-for-2 on ; 3-for-2 on ; 3-for-2 on . One share bought before the first split would be 5 shares today.
How has HNNA stock performed?
Including dividends and measured to the close on , HNNA has returned +14.4% so far this year and +13.6% over the past year, and +24.7% over five years (+4.5% a year). Over the same periods the S&P 500, measured by SPY, returned +8.7%, +10.9% and +67.8%. Past performance doesn’t predict future returns.
What sector and industry is Hennessy Advisors in?
Hennessy Advisors is in the Financial Services sector and the Asset Management industry, and is headquartered in California, USA.
What exchange does HNNA trade on?
Hennessy Advisors trades on the Nasdaq under the ticker symbol HNNA. Its price history on this dashboard begins on .
Member SIPC.Low CommissionsLearn More (opens in a new tab)Sponsored. Affiliate link: I may earn a commission. The inclusion of Interactive Brokers’ (IBKR) name, logo or weblink is present pursuant to an advertising arrangement only. IBKR is not a contributor, reviewer, provider or sponsor of content published on this site, and is not responsible for the accuracy of any products or services discussed.
About this data. Data sourced by Tiingo (opens in a new tab). The live price is Tiingo’s real-time price, based on IEX trades and quotes; intraday charts show IEX trades, and volume figures are consolidated totals for completed sessions. Prices are split-adjusted, and total returns assume dividends are reinvested. Financials come from company filings and can lag new reports. Times are Eastern.
This page is for education, not investment advice. Past performance doesn't predict future returns. Logos provided by Logo.dev (opens in a new tab).
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