HNNA Hennessy Advisors, Inc. featured news, full reports, and detailed charts
Hennessy Advisors, Inc. (HNNA/HNNA.OB) Wrap Up:
Hennessy Advisors, Inc. is a publicly owned investment manager. The firm primarily provides its services to investment companies. It also manages accounts for other pooled investment vehicles. The firm manages a family of equity, fixed income, and balanced mutual funds. It invests in the public and fixed income markets across the globe. The firm invests in value, growth, and dividend yielding stocks of large-cap, mid-cap, and small-cap companies. For its fixed income securities, the firm invests in U.S. agency notes, U.S. treasury securities with a remaining maturity of one year or less, commercial paper, structured notes, SIV's, corporate notes, certificates of deposit, repurchase agreement...www.hennessyadvisors.com
14 Employees
Founded in 1989
Hennessy Advisors, Inc. (HNNA:OTC Bulletin Board Market)
LAST $2.65 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of November 19, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Hennessy Advisors, Inc. (HNNA)
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OPEN
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PREVIOUS CLOSE
$2.65
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
08/12/09 - $3.75
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52 WEEK LOW
03/2/09 - $1.30
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MARKET CAP
15.2M
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AVERAGE VOLUME 3 mo
9.0K
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DILUTED EPS TTM
$-0.0049
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SHARES OUTSTANDING
5.8M
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EX-DATE
02/9/09
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P/E TTM
NM
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DIVIDEND
$0.09
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DIVIDEND YIELD
3.40%
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HNNA Top Compensated Officers
Mr. Neil J. Hennessy
Chairman, Chief Executive Officer, President,...
Age: 52
Total Annual Compensation: $180.0K
Ms. Teresa M. Nilsen
Chief Financial Officer, Chief Accounting Off...
Age: 42
Total Annual Compensation: $310.0K
Mr. Daniel B. Steadman
Executive Vice President, Director, Executive...
Age: 52
Total Annual Compensation: $225.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Hennessy Advisors, Inc. (HNNA)
Hennessy Advisors Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2009
08/5/2009
Hennessy Advisors Inc. reported earnings results for the third quarter and nine months ended June 30, 2009. For the third quarter, the company reported net income of $23,382 on total revenues of $1,568,243 against net income of $340,662 or $0.06 diluted per share on total revenues of $2,318,452 for the same period a year ago. For the nine months, the company reported net loss of $183,987 or $0.03 diluted loss per share on total revenues of $4,160,633 against net income of $1,456,279 or $0.25 diluted per share on total revenues of $8,114,303 for the same period a year ago. The decline in earnings versus the prior comparable period is primarily attributable to decreased mutual fund assets under management in the year over year period.
Hennessy Advisors Seeks Acquisitions
08/5/2009
Hennessy Advisors, Inc. plans to make acquisitions. The firm announced that fully diluted earnings per share for Hennessy Advisors, Inc. were $0.00 for the third quarter, which ended June 30, 2009, versus earnings of $0.06 per share for the prior comparable period. The decline in earnings versus the prior comparable period is primarily attributable to decreased mutual fund assets under management in the year over year period. Assets under management were $775 million as of June 30, 2009, compared to $1.095 billion as of June 30, 2008, a decline of 29%. Neil Hennessy, CEO of the firm said, “The current crisis in the financial industry has actually presented a number of strong acquisition opportunities as companies are choosing to exit the mutual fund business. We will continue our aggressive pursuit of accretive acquisitions.”
Hennessy Advisors Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2009
05/5/2009
Hennessy Advisors Inc. reported earnings results for the second quarter ended March 31, 2009. For the quarter, the company reported net loss of $133,514 or $0.02 diluted loss per share on total revenue of $1,194,526 compared to net income of $419,994 or $0.07 diluted earnings per share on total revenue of $2,454,848 for the same period a year ago. The decline in earnings is primarily attributable to decreased mutual fund assets under management in the year over year period, which was caused in large part by market depreciation.
HNNA Competitors
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Industry Analysis
| Valuation | HNNA | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 2.4x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | 162.2x |
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| TEV/Sales | 1.2x |
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HNNA transactions
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More Recent News About Hennessy Advisors, Inc.
More news for HNNA
Hennessy Funds Continues Push in Wirehouse Distribution
NOVATO, Calif., Nov. 11 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA - News) Hennessy Advisors, Inc., investment manager of the Hennessy Funds, today announced the addition of the Hennessy Focus 30 Fund on the new Morgan Stanley Smith Barney platforms. "We believe that the merger between Morgan Stanley and Smith Barney has created one of the world's leading and most respected wealth management companies," said Kevin Rowell, President of Hennessy Funds. "I have had the distinct pleasure of working with many of the executives now leading Morgan Stanley Smith Barney, and we are proud to have the Hennessy Focus 30 Fund represented by their high-caliber group of investment professionals," he added."We couldn't be more excited and honored that our Funds have been selected by Morgan Stanley Smith Barney for inclusion on their platforms," said Neil Hennessy, CEO of Hennessy Advisors, Inc. and CIO/Portfolio Manager of Hennessy Funds. "The Focus 30 Fund derives its strength from its time-tested, quantitative stock selection formula, and we believe it can serve as a strong mid-cap component in a well diversified portfolio," he added.About Hennessy Advisors, Inc.Hennessy Advisors, Inc., founded in 1989, is the publicly traded investment advisor to the Hennessy Funds. Hennessy employs a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach, and offers investors a wide range of ...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 8-K, Completion of Acquisition or Disposition of Assets, Regulation FD Disclosur
Show all filings for HENNESSY ADVISORS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HENNESSY ADVISORS INC 21-Sep-2009Completion of Acquisition or Disposition of Assets, Regulation FD Disclosur Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All informati...Click here to read the whole Article (external link)
Hennessy Advisors, Inc. Acquires SPARX Japan Funds; Launches First International Products
NOVATO, Calif., Sept. 18 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. (OTC Bulletin Board: HNNA - News) today announced that it has closed a deal with SPARX Investment & Research, USA, Inc. to acquire the assets related to the management of the SPARX Japan Fund and SPARX Japan Smaller Companies Fund. The acquisition represents approximately $74 million in assets. Effective today, Hennessy Advisors will manage the SPARX Funds and they have been renamed the Hennessy Select SPARX Japan Fund and Hennessy Select SPARX Japan Smaller Companies Fund. Hennessy Advisors has retained SPARX Asset Management Co., Ltd., located in Tokyo, as the Funds' sub-advisor to manage the portfolios of the two funds."We are pleased to welcome the SPARX shareholders and the SPARX Asset Management team to the Hennessy Funds Select Series family. We believe this partnership will offer our new shareholders outstanding US-based customer service and business management, while maintaining strong and focused Japan-based portfolio management," said Neil Hennessy, Chairman, CEO and President of Hennessy Advisors, Inc. "We are excited to have entered the Japanese investment market and believe the Nikkei is poised for sustainable growth. Valuations for Japanese stocks remain at historically low levels, and we believe that many Japanese companies are uniquely well positioned to exploit future growth opportunities in Asia," he commented."We are aggressively building our Select Series of funds and are pleased to now offer international product...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibit
Show all filings for HENNESSY ADVISORS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HENNESSY ADVISORS INC 9-Sep-2009Change in Directors or Principal Officers, Financial Statements and Exhibit Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information prov...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for HENNESSY ADVISORS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HENNESSY ADVISORS INC 5-Aug-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements Certain statements in this report are forward-looking within the meaning of the federal securities laws. Although management believes that the expectations reflected in the forward-looking statements are reasonable, future levels of activity, performance or achievements cannot be guaranteed. Additionally, management does not assume responsibility for the accuracy or completeness of these statements. There is no regulation requiring an update of any of the forward-looking statements after the date of this report to conform these statements to actual results or to changes in our expectations. Our business activities are affected by many factors, including redemptions by mutual fund shareholders, general economic and financial conditions, movement of interest rates, competitive conditions, industry regulation, fluctuation in the stock market, and others, many of which are beyond the control of our management. - 15 - Table of Contents Statements regarding the following subjects are forward-looking by their nature: • our business strategy, including our ability to identify and complete future acquisitions; • market trends and risks; • our assumptions about changes in the market place, especially with the extreme volatility in the global and US financial markets; • our estimates for future performance; • our estimates regarding anticipated revenues and operating expenses; and • our ability to retain the mutual fund assets we currently manage. Although we seek to maintain cost controls, a significant portion of our expenses are fixed and do not vary greatly. As a result, substantial fluctuations in our revenue can directly impact our net income from period to period. Overview We derive our operating revenue from management fees ...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Show all filings for HENNESSY ADVISORS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HENNESSY ADVISORS INC 24-Jun-2009Other Events, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informati...Click here to read the whole Article (external link)
HENNESSY ADVISORS INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh
Show all filings for HENNESSY ADVISORS INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for HENNESSY ADVISORS INC 5-May-2009Results of Operations and Financial Condition, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information pro...Click here to read the whole Article (external link)
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