SC 13G - HENNESSY ADVISORS INC (0001145255) (Subject)

NOVATO, Calif., June 7, 2023 /PRNewswire/ -- Hennessy Funds Trust today announced that Doug Franklin has been named to its Board of Trustees for the Hennessy Funds. Mr. Franklin has been a member of the Hennessy Funds Trust advisory committee for over seven years. During his time on the advisory committee, he has gained a thorough understanding of the fund industry, as well as unique insight into the challenges and opportunities being faced by the industry as a whole and by Hennessy Funds specifically.  "Adding Doug as a trustee of Hennessy Funds Trust is a logical next step given his years of guidance from his role on the advisory committee," said Neil Hennessy, Chairman of the Board and th

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NOVATO, Calif., Oct. 30, 2024 /PRNewswire/ -- The Board of Directors of Hennessy Advisors, Inc. (NASDAQ:HNNA) today declared a quarterly dividend of $0.1375 per share to be paid on November 27, 2024, to shareholders of record as of November 14, 2024, which represents an annualized dividend yield of 5.28%.* "This year marks the second decade of consistently paying a dividend to our shareholders. Our dividend is well supported by both earnings and cash flow and reflects our core commitment that our shareholders are our top priority," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc.   * Based on the closing stock price of $10.41 on October 29, 2024, and an annualized dividend of

NOVATO, Calif., Aug. 8, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its third fiscal quarter of 2024, which ended June 30, 2024. The firm also announced a quarterly dividend of $0.1375 per share to be paid on September 5, 2024, to shareholders of record as of August 22, 2024, which represents an annualized dividend yield of 6.6%.* "The U.S. stock market continues to perform well in 2024, with the Dow Jones Industrial Average up 4.79% and the S&P 500® Index up 15.29% for the calendar year-to-date through June 30, 2024. Even the most persistent stock market naysayers seem to have come to a consensus that the markets will likely remain positive through the e

NOVATO, Calif., May 8, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its second fiscal quarter of 2024, which ended March 31, 2024. The firm also announced a quarterly dividend of $0.1375 per share to be paid on June 5, 2024, to shareholders of record as of May 22, 2024, which represents an annualized dividend yield of 8.3%.* "The markets started 2024 quite strong and I believe – and investors appear to agree – that many economic fundamentals continue to be favorable," said Neil Hennessy, Chairman and CEO. "We are confident that employment numbers and corporate profit growth will anchor the markets through the uncertainties of an unsettling global landscape

NOVATO, Calif., Feb. 23, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) today announced that it has completed the acquisition of assets related to the management of the CCM Core Impact Equity Fund. As a result, the CCM Core Impact Equity Fund will be reorganized into an existing exchange-traded fund ("ETF") managed by Hennessy Advisors, Inc. This acquisition represents approximately $60 million in assets. "We are grateful to the shareholders of the CCM Core Impact Equity Fund for their vote of confidence in Hennessy Funds," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "We are excited to have the opportunity to provide strong investment management and quality c

NOVATO, Calif., Feb. 8, 2024 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its first fiscal quarter of 2024, which ended December 31, 2023. The firm also announced a quarterly dividend of $0.1375 per share to be paid on March 4, 2024, to shareholders of record as of February 20, 2024, which represents an annualized dividend yield of 8.3%.* "The markets and our economy were strong in 2023 as inflation fell slightly, employment data was positive, and interest rates flattened," said Neil Hennessy, Chairman and CEO. "I strongly believe that corporate profits and cash flow remain healthy, and that the U.S. consumer is still participating in our economic growth in a m

NOVATO, Calif., Dec. 6, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) today reported results for the fiscal year ended September 30, 2023. "Throughout 2023, speculation about the U.S. economy has been flush with talk of continued inflation, rising unemployment and, of course, warnings of an impending recession," said Neil Hennessy, Chairman and CEO. "The truth of the matter is, while the U.S. economy may have its challenges, I see a lot of positives keeping our economy resilient and productive." "Americans continue to be employed, real wages are on the rise (supporting healthy spending), and productivity is surging. Inflation appears to be declining and interest rates have stab

NOVATO, Calif., Aug. 2, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its third fiscal quarter of 2023, which ended June 30, 2023. The firm also announced a quarterly dividend of $0.1375 per share to be paid on September 6, 2023, to shareholders of record as of August 23, 2023, which represents an annualized dividend yield of 7.8%.* "The three major market indices were up during the quarter ended June 30, 2023. Our economy is currently experiencing moderate inflation, employment remains consistently strong, and corporate earnings are looking better than earlier projected," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "Even if the Federal R

NOVATO, Calif., May 10, 2023  /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its second fiscal quarter of 2023, which ended March 31, 2023. The firm also announced a quarterly dividend of $0.1375 per share to be paid on June 5, 2023, to shareholders of record as of May 23, 2023, which represents an annualized dividend yield of 7.7%.* "The recent headlines in the banking sector certainly contributed to continued stock market volatility the first quarter of 2023," said Neil Hennessy, Chairman and CEO. "However, I believe that the U.S. economy and the financial sector are healthy, as evidenced by the Fed's recent moves. In this current market environment, I feel ever

NOVATO, Calif., Feb. 9, 2023 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) reported results for its first fiscal quarter of 2023, which ended December 31, 2022. The firm also announced a quarterly dividend of $0.1375 per share to be paid on March 6, 2023, to shareholders of record as of February 21, 2023, which represents an annualized dividend yield of 5.6%.* "There is no doubt that 2022 was a tumultuous year in the financial markets. All the major indices suffered losses as our economy dealt with inflation, oil price shocks, interest rate increases, war, political division, and the rumors of an impending recession. I feel certain that volatility actually created a shifting investme

NOVATO, Calif., Dec. 7, 2022 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ:HNNA) today reported results for the fiscal year ended September 30, 2022. "At the beginning of 2022, the financial markets were on the rise and our economy seemed unflappable as pandemic-related issues seemed to be subsiding. But as we all know, change is inevitable. The conflict in the Ukraine, widespread inflationary concerns, and interest rate increases contributed to a year of stock market retraction and economic volatility," said Neil Hennessy, Chairman and CEO. "Even faced with these challenges and the often alarmist financial headlines, I believe there are many fundamental positives in our economy. The labor

Hennessy Advisors (NASDAQ:HNNA) reported quarterly earnings of $0.20 per share. This is a 25 percent increase over earnings of $0.16 per share from the same period last year. The company reported $6.94 million in sales this quarter. This is a 17.31 percent increase over sales of $5.92 million the same period last year.

At the end of today, March 04, 2024, Hennessy Advisors (NASDAQ:HNNA) will distribute a dividend payout of $0.14 per share, translating to an annualized dividend yield of 8.33%. Shareholders who held the stock before the ex-dividend date on February 16, 2024 will benefit from this payout. Hennessy Advisors Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; }

Hennessy Advisors (NASDAQ:HNNA) reported quarterly earnings of $0.16 per share. This is a 6.67 percent increase over earnings of $0.15 per share from the same period last year. The company reported $6.14 million in sales this quarter. This is a 0.02 percent decrease over sales of $6.14 million the same period last year.

Summary Highlights for the Fiscal Year (compared to fiscal year 2022):Total revenue of $24.0 million, a decrease of 19%.Net income of $4.8 million, a decrease of 23%.Fully diluted earnings per share of $0.63, a decrease of 23%.Average assets under management, upon which revenue is earned, of $3.0 billion, a decrease of 18%.Total assets under management of $3.0 billion, an increase of 5%.Cash and cash equivalents, net of gross debt, of $20.2 million, an increase of 11%.  Twelve Months Ended Sept 30, Change  2023 2022 Dollar PercentTotal Revenue $          24,019,874 $          29,666,869 $        (5,646,995) -19.0 %Net Income 4,770,888 6,190,209 (1,419,321) -22.9 %Earnings Per Share (Diluted)

Hennessy Advisors, Inc. (NASDAQ:HNNA) today announced that it has completed the acquisition of assets related to the management of the CCM Small/Mid-Cap Impact Value Fund. As a result, the CCM Small/Mid-Cap Impact Value Fund will be reorganized into an existing exchange-traded fund ("ETF") managed by Hennessy Advisors, Inc. This acquisition represents approximately $12 million in assets."I want to share my appreciation to the shareholders of the CCM Small/Mid-Cap Impact Value Fund for their vote of confidence in Hennessy Funds," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "We are honored to be given the opportunity to serve these additional shareholders," he added."As we

  On Thursday, 369 companies hit new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Coca-Cola (NYSE:KO). The smallest company by market cap to hit a new 52-week low was Neptune Wellness Solns (NASDAQ:NEPT). Aethlon Medical (NASDAQ:AEMD)'s stock fell the most, as it traded down 838.3% to reach a new 52-week low. American Tower (NYSE:AMT)'s stock showed potential to rebound, rebounding up 0.0% after reaching a new 52-week low. The following stocks achieved new 52-week lows on Thursday: Bank of America (NYSE:BAC) shares hit a yearly low of $25.56. The stock was down 0.73% on the session. Bristol-My

Today, September 06, 2023, marks an important moment for investors of Hennessy Advisors (NASDAQ:HNNA). The company will distribute a dividend payout of $0.14 per share, demonstrating an annualized dividend yield of 7.84%. Remember, only shareholders prior to the ex-dividend date on August 22, 2023 are eligible for this payout. Hennessy Advisors Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff;

Hennessy Advisors (NASDAQ:HNNA) reported quarterly earnings of $0.15 per share. This is a 11.76 percent decrease over earnings of $0.17 per share from the same period last year. The company reported $5.70 million in sales this quarter. This is a 17.50 percent decrease over sales of $6.91 million the same period last year.

  On Wednesday, 129 stocks made new 52-week lows. Noteworthy Highlights From Today's 52-Week Lows: Qualcomm (NASDAQ:QCOM) was the biggest company by market cap to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Athenex (NASDAQ:ATNX). QualTek Services (NASDAQ:QTEK)'s stock fell the most, as it traded down 38.7% to reach a new 52-week low. Delaware Investments (AMEX:VFL) saw the sharpest rebound, as shares ascended 0.02%, reversing after hiting a new 52-week low. Stocks dropping to new 52-week lows on Wednesday: Qualcomm (NASDAQ:QCOM) stock broke to a new 52-week low of $101.61 on Wednesday. Shares of the company traded down 1.82%.