NASDAQ: HNNA
Hennessy Advisors, Inc.
Financial Services · Asset Management
After hours: $9.93(0%) · as of 7:34 PM ET
Market Cap
$78.47M
52w High
$13.00
52w Low
$8.90
P/E
9.66
Volume
1.23K
Outstanding Shares
7.90M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 15.85% over the last year. Revenue declined 6.9% over the trailing twelve months. Operating margin moved from 36.49% to 33.42%. Free cash flow declined 0.34% over the trailing twelve months.
What the market seems to be pricing
The market is reacting to weaker business momentum more than just compressing the valuation multiple. Even if the shares already screen cheap on P/FCF, investors are still discounting lower future earnings power.
What would invalidate this read
Operating margin stands at 33.42%. Revenue declined 6.9% — this read reverses if that trend stabilizes. Free cash flow fell 0.34% — a return toward positive territory would undermine the deterioration thesis. If margins and cash flow stabilize while the stock stays depressed, the gap shifts from fundamental damage toward pure multiple compression.
Company profile
Operating as a publicly traded entity, Hennessy Advisors, Inc. is an investment management firm that provides its expertise to the Hennessy Funds and other investment companies.
Valuation
Stock splits
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Analyst consensus
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Dec 9, 2026
Q4 FY26 · EPS est — · Revenue est —
View
Dividends
$0.59/shareQuarterlyDividend Achiever · 14yrEx-div Aug 20, 2026 · in 12dStretchedHNNA pays a dividend with a 5.92% declared yield, 14 consecutive years of growth, growing at 1.33% annually, covered 3.2× by free cash flow.
Declared Yield
5.92%
Annual Div / Share
$0.59
TTM $0.58
5yr CAGR
+1.33%
Doubles every ~52.5yr
Payout Ratio
80.83%
Stretched
Dividend Growth Rate
3yr CAGR
+2.22%
5yr CAGR
+1.33%
10yr CAGR
+11.38%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$5/mo
In 5 yrs
$5/mo
In 10 yrs
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$59/yr $5/mo | $63/yr+7% $5/mo | $68/yr+14% $6/mo |
Yield-on-cost grows from 5.92% → 6.75% over 10yr
Analysis
Dividend Strengths
Dividend Achiever
HNNA has raised its dividend for 14 consecutive years — qualifying as a Dividend Achiever, demonstrating long-term commitment to shareholder income.
Well-covered by free cash flow
The dividend is covered 3.2× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
High payout ratio
With 80.83% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.