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Hennessy Advisors, Inc. (HNNA)

Financial Services | Asset Management | Novato, United States | NasdaqGM
10.30 USD -0.01 (-0.097%) ⇩ (Oct. 14, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★★☆☆
Hot Take ↕ | Oct. 10, 2026, 5:51 a.m. EDT

The investment case for Hennessy Advisors is currently defined by a stark contradiction between a resilient business and a punishing multi-year price trajectory. Fundamentally, the company displays the hallmarks of a high-quality asset manager: a fortress balance sheet with negligible debt, a massive current ratio of 9.38x, and a payout ratio of just 55%, indicating the dividend is well-covered by earnings rather than eroding book value. The recent quarterly results show a recovery in EPS despite a one-time loss, and the forward P/E of 8.15 suggests the market is pricing in significant future challenges or simply discounting the historical underperformance. However, the price history tells a different story. Over the last nine years, the stock has lost more than half its value, dropping from roughly $22 to under $10. While the most recent annual return was positive (+8%), the asset has endured six consecutive years of negative returns prior to that, creating a deep 'value trap' dynamic where the market has permanently reassessed the business quality downward. This structural decline weighs heavily on the long-term outlook, preventing a higher rating despite the solid fundamentals. In the short term, the technical picture is mixed. The stock is trading near its 50-day average, showing some recent consolidation around the $10 level, but the statistical forecasting models offer almost no directional bias, predicting a flat path with low confidence. This lack of momentum, combined with the heavy historical baggage, suggests the stock is in a waiting period rather than a clear breakout phase. The dividend yield of nearly 6% is attractive but serves more as a compensation for the capital preservation risk than a sign of immediate growth. Investors should view this as a speculative turnaround play rather than a core holding, given the persistent drag of the past decade's performance.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.024527
AutoETS0.024545
MSTL0.025699
AutoTheta0.028200

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 44%
H-stat 17.92
Ljung-Box p 0.000
Jarque-Bera p 0.288
Excess Kurtosis -0.97
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-08-19
Last Dividend Date 2026-08-19
Debt to Equity Ratio 0.42
Revenue per Share 4.235
Market Cap 81,415,424
Trailing P/E 9.81
Forward P/E 8.24
Beta 0.54
Profit Margins 24.78%
Website https://www.hennessyadvisors.com

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.52% 5.90% 6.16% 6.18%
Dividend History
Date Dividend Yield %
2026-08-20 0.150000 1.516683
2026-05-21 0.150000 1.485148
2026-02-18 0.150000 1.506024
2025-11-12 0.138000 1.391129
2025-08-20 0.138000 1.235452
2025-05-20 0.138000 1.309298
2025-02-24 0.138000 1.179487
2024-11-14 0.138000 1.330762
2024-08-22 0.138000 1.442006
2024-05-21 0.138000 1.890411
2024-02-16 0.138000 2.059702
2023-11-10 0.138000 2.136223
2023-08-22 0.138000 1.965812
2023-05-22 0.138000 1.988473
2023-02-17 0.138000 1.559322
2022-11-14 0.138000 1.580756
2022-08-15 0.138000 1.374502
2022-05-20 0.138000 1.348974
2022-02-18 0.138000 1.364985
2021-11-09 0.138000 1.245487
2021-08-16 0.138000 1.386935
2021-05-24 0.138000 1.491892
2021-02-23 0.138000 1.548822
2020-11-10 0.138000 1.452632
2020-08-18 0.138000 1.516483
2020-05-22 0.138000 1.764706
2020-02-21 0.138000 1.287313
2019-11-08 0.138000 1.136738
2019-08-19 0.138000 1.466525
2019-05-17 0.110000 1.130524
2019-02-15 0.110000 1.036758
2018-11-09 0.110000 0.880705
2018-08-15 0.100000 0.667111
2018-05-16 0.100000 0.536193
2018-02-08 0.100000 0.583090
2017-11-14 0.075000 0.452080
2017-08-15 0.075000 0.480154
2017-05-12 0.075000 0.458996
2017-02-08 0.075333 0.408974
2016-11-10 0.066667 0.335235
2016-08-16 0.053333 0.213617
2016-05-17 0.053333 0.235848
2016-02-10 0.053333 0.289329
2015-11-12 0.040000 0.206897
2015-08-14 0.040000 0.259965
2015-05-18 0.040000 0.316289
2015-02-11 0.040000 0.250522
2014-11-12 0.033333 0.271884
2014-08-19 0.026667 0.228574
2014-05-16 0.026667 0.326535
2014-02-12 0.026667 0.340430
2013-11-13 0.020667 0.269570
2013-08-20 0.020667 0.364712
2013-05-22 0.020667 0.413340
2013-01-31 0.020667 0.427593
2012-08-16 0.020667 1.016410
2012-05-16 0.020667 1.265327
2012-02-03 0.020667 1.068983
2011-11-10 0.016667 0.833350
2011-08-16 0.016667 0.833350
2011-05-17 0.016667 0.781266
2011-02-07 0.016667 0.776413
2010-10-25 0.060000 3.599999
2010-02-08 0.060000 3.214285
2009-02-09 0.060000 3.000000
2008-02-11 0.060000 1.125000
2007-02-12 0.035556 0.326535
2006-02-10 0.025185 0.265706
Additional Data
dividendYield 5.82
exDividendDate 2026-08-20
trailingAnnualDividendRate 0.578
trailingAnnualDividendYield 0.056062073
lastDividendValue 0.15
lastDividendDate 2026-08-20
dividendDate 2026-09-03

Info Dump

Attribute Value
52 Week Change 0.031000018
Address1 7,250 Redwood Boulevard
Address2 Suite 200
All Time High 26.333332
All Time Low 0.866667
Ask 12.73
Ask Size 2
Average Daily Volume10 Day 7,170
Average Daily Volume3 Month 7,021
Average Volume 7,021
Average Volume10Days 7,170
Beta 0.543
Bid 6.91
Bid Size 2
Book Value 12.797
City Novato
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 10.3
Current Ratio 9.385
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 10.36
Day Low 10.2001
Debt To Equity 0.42
Display Name Hennessy Advisors
Dividend Date 1,788,393,600
Dividend Yield 5.82
Earnings Growth -0.038
Earnings Quarterly Growth -0.058
Earnings Timestamp End 1,754,942,400
Earnings Timestamp Start 1,754,510,400
Ebitda 11,457,000
Ebitda Margins 0.34361
Enterprise To Ebitda 4.057
Enterprise To Revenue 1.394
Enterprise Value 46,476,424
Eps Forward 1.25
Eps Trailing Twelve Months 1.05
Esg Populated 0
Ex Dividend Date 1,787,184,000
Exchange NGM
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 415 899 1559
Fifty Day Average 10.1412
Fifty Day Average Change 0.15880013
Fifty Day Average Change Percent 0.01565891
Fifty Two Week Change Percent 3.1000018
Fifty Two Week High 10.87
Fifty Two Week High Change -0.5699997
Fifty Two Week High Change Percent -0.052437875
Fifty Two Week Low 8.9
Fifty Two Week Low Change 1.4000006
Fifty Two Week Low Change Percent 0.15730344
Fifty Two Week Range 8.9 - 10.87
Financial Currency USD
First Trade Date Milliseconds 1,110,378,600,000
Five Year Avg Dividend Yield 5.91
Float Shares 4,396,591
Forward Eps 1.25
Forward P E 8.24
Free Cashflow 5,786,125
Full Exchange Name NasdaqGM
Full Time Employees 17
Fullday Change 0.049999237
Fullday Change Percent 0.48495862
Fullday Price 10.3
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.53999
Gross Profits 18,005,000
Has Pre Post Market Data 1
Held Percent Insiders 0.36501
Held Percent Institutions 0.20257
Implied Shares Outstanding 7,904,410
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,787,184,000
Last Dividend Value 0.15
Last Fiscal Year End 1,759,190,400
Last Split Date 1,488,844,800
Last Split Factor 3:2
Long Business Summary Hennessy Advisors, Inc. is an publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Hennessy Advisors, Inc. was founded in 1989 and is based in Novato, California with additional offices in Boston, Massachusetts and Chapel Hill, North Carolina.
Long Name Hennessy Advisors, Inc.
Market us_market
Market Cap 81,415,424
Market State POST
Max Age 86,400
Message Board Id finmb_2976956
Most Recent Quarter 1,782,777,600
Net Income To Common 8,261,000
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 81,968,731
Open 10.2001
Operating Cashflow 10,509,000
Operating Margins 0.3472
Payout Ratio 0.5476
Peg Ratio 0.71
Phone 415 899 1555
Previous Close 10.31
Price Hint 2
Price To Book 0.80487615
Price To Sales Trailing12 Months 2.4417546
Profit Margins 0.24776
Quick Ratio 9.228
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change -0.010000229
Regular Market Change Percent -0.09699542
Regular Market Day High 10.36
Regular Market Day Low 10.2001
Regular Market Day Range 10.2001 - 10.36
Regular Market Open 10.2001
Regular Market Previous Close 10.31
Regular Market Price 10.3
Regular Market Time 1,792,008,000
Regular Market Volume 2,604
Return On Assets 0.04961
Return On Equity 0.08357
Revenue Growth 0.042
Revenue Per Share 4.235
Sand P52 Week Change 0.17004645
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 7,904,410
Shares Percent Shares Out 0.0004
Shares Short 2,941
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 4,327
Short Name Hennessy Advisors, Inc.
Short Percent Of Float 0.00059999997
Short Ratio 0.34
Source Interval 15
State CA
Symbol HNNA
Total Cash 35,364,000
Total Cash Per Share 4.474
Total Debt 425,000
Total Revenue 33,343,000
Tradeable 0
Trailing Annual Dividend Rate 0.578
Trailing Annual Dividend Yield 0.056062073
Trailing Eps 1.05
Trailing P E 9.809525
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.0018
Two Hundred Day Average Change 0.2982006
Two Hundred Day Average Change Percent 0.029814696
Type Disp Equity
Volume 2,604
Website https://www.hennessyadvisors.com
Zip 94,945