Symbols / HNNA Stock $9.93 +0.00% Hennessy Advisors, Inc.

Financial Services • Asset Management • United States • NGM
HNNA (Stock) Chart
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About

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.

Stock Fundamentals
Scroll to Statements
Market Cap 78.37M Enterprise Value 7.00M Income 9.06M Sales 34.15M Book/sh 12.53 Cash/sh 9.12
Dividend Yield 6.04% Payout 47.83% Employees 17 IPO — P/E 8.63 Forward P/E 7.94
PEG 0.71 P/S 2.29 P/B 0.79 P/C — EV/EBITDA 0.57 EV/Sales 0.20
Quick Ratio 1.73 Current Ratio 1.75 Debt/Eq 0.61 LT Debt/Eq — EPS (ttm) 1.15 EPS next Y 1.25
EPS Growth -33.30% Revenue Growth -14.30% Earnings 2018-08-01 ROA 4.76% ROE 9.42% ROIC —
Gross Margin 54.98% Oper. Margin 31.30% Profit Margin 26.52% Shs Outstand 7.89M Shs Float 4.40M Short Float 0.08%
Short Ratio 0.55 Short Interest — 52W High 13.19 52W Low 8.90 Beta 0.63 Avg Volume 12.59K
Volume 234.00 Target Price — Recom None Prev Close $9.93 Price $9.93 Change 0.00%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
—
Mean price target
2. Current target
$9.93
Latest analyst target
3. DCF / Fair value
$107.36
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.93
Low
—
High
—
Mean
—
News
RSS: Latest HNNA news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-12-30 NEWTON KIERA Director — 571 $9.35 $5,339
2025-12-26 STEADMAN DANIEL B Officer — 750 $0.00 $0
2025-12-19 HENNESSY BRIAN A Director — 4,900 $0.00 $0
2025-12-10 FAHY KATHRYN R. Chief Financial Officer — 2,000 $0.00 $0
2025-12-08 STEADMAN DANIEL B Officer — 500 $0.00 $0
2025-09-29 NEWTON KIERA Director — 390 $10.73 $4,185
2025-09-23 NEWTON KIERA Director — 3 $11.00 $33
2025-09-18 HANSEL HENRY C Director — 5,600 $0.00 $0
2025-09-18 LIBARLE DANIEL GAROL Member of Committee or Advisory Board — 2,800 $0.00 $0
2025-09-18 HENNESSY NEIL J Chief Executive Officer — 19,700 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Revenue
35.54
+19.87%
29.65
+23.42%
24.02
-19.03%
29.67
Operating Revenue
35.54
+19.87%
29.65
+23.42%
24.02
-19.03%
29.67
Cost Of Revenue
15.80
+12.46%
14.05
+17.32%
11.98
-17.88%
14.59
Reconciled Cost Of Revenue
15.80
+12.46%
14.05
+17.32%
11.98
-17.88%
14.59
Gross Profit
19.74
+26.55%
15.60
+29.49%
12.04
-20.15%
15.08
Operating Expense
6.59
-2.04%
6.73
+17.85%
5.71
+8.89%
5.24
Selling General And Administration
6.30
-2.82%
6.48
+18.34%
5.48
+8.80%
5.04
Selling And Marketing Expense
—
—
—
0.54
General And Administrative Expense
6.30
-2.82%
6.48
+18.34%
5.48
+8.80%
5.04
Other Gand A
6.30
-2.82%
6.48
+18.34%
5.48
+8.80%
5.04
Other Operating Expenses
—
—
0.49
-9.33%
0.54
Total Expenses
22.39
+7.77%
20.78
+17.49%
17.69
-10.80%
19.83
Operating Income
13.14
+48.25%
8.87
+39.99%
6.33
-35.62%
9.84
Total Operating Income As Reported
13.14
+48.25%
8.87
+39.99%
6.33
-35.62%
9.84
EBITDA
16.20
+32.56%
12.22
+34.53%
9.09
-11.57%
10.28
Normalized EBITDA
16.20
+32.56%
12.22
+34.53%
9.09
-11.57%
10.28
Reconciled Depreciation
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
EBIT
15.91
+32.84%
11.98
+35.26%
8.86
-12.04%
10.07
Net Income
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Pretax Income
13.62
+40.35%
9.70
+47.03%
6.60
-16.94%
7.95
Net Non Operating Interest Income Expense
0.47
-43.25%
0.84
+214.66%
0.27
+114.05%
-1.89
Interest Expense Non Operating
2.29
+0.79%
2.27
+0.84%
2.26
+6.31%
2.12
Net Interest Income
0.47
-43.25%
0.84
+214.66%
0.27
+114.05%
-1.89
Interest Expense
2.29
+0.79%
2.27
+0.84%
2.26
+6.31%
2.12
Interest Income Non Operating
2.77
-11.05%
3.11
+23.39%
2.52
+1001.31%
0.23
Interest Income
2.77
-11.05%
3.11
+23.39%
2.52
+1001.31%
0.23
Other Income Expense
—
—
—
0.23
Other Non Operating Income Expenses
—
—
—
0.23
Tax Provision
3.66
+40.39%
2.61
+42.54%
1.83
+4.16%
1.76
Tax Rate For Calcs
0.00
+0.00%
0.00
-2.89%
0.00
+25.34%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Net Income From Continuing Operation Net Minority Interest
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Net Income From Continuing And Discontinued Operation
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Net Income Continuous Operations
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Normalized Income
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Net Income Common Stockholders
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Diluted EPS
1.27
+38.04%
0.92
+46.03%
0.63
-23.17%
0.82
Basic EPS
1.28
+39.13%
0.92
+46.03%
0.63
-24.10%
0.83
Basic Average Shares
7.79
+1.40%
7.68
+1.33%
7.58
+1.29%
7.48
Diluted Average Shares
7.83
+1.39%
7.72
+1.55%
7.60
+0.60%
7.56
Diluted NI Availto Com Stockholders
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Depreciation Amortization Depletion Income Statement
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Depreciation And Amortization In Income Statement
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Depreciation Income Statement
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Total Assets
160.46
+5.50%
152.10
+4.38%
145.72
+1.44%
143.65
Current Assets
76.52
+12.07%
68.28
+7.18%
63.70
+3.32%
61.66
Cash Cash Equivalents And Short Term Investments
72.44
+13.31%
63.93
+5.70%
60.49
+3.40%
58.50
Cash And Cash Equivalents
72.43
+13.31%
63.92
+5.70%
60.48
+3.40%
58.49
Other Short Term Investments
0.01
+9.09%
0.01
+10.00%
0.01
+11.11%
0.01
Receivables
3.27
-7.12%
3.53
+38.49%
2.55
+5.73%
2.41
Accounts Receivable
2.77
-6.65%
2.96
+44.87%
2.05
-0.24%
2.05
Other Receivables
0.28
-9.29%
0.31
+26.32%
0.25
-3.89%
0.26
Accrued Interest Receivable
0.23
-10.00%
0.25
-1.19%
0.25
+153.00%
0.10
Prepaid Assets
0.80
-2.45%
0.82
+22.12%
0.67
-11.16%
0.75
Total Non Current Assets
83.94
+0.14%
83.82
+2.20%
82.02
+0.03%
82.00
Net PPE
1.20
-13.54%
1.39
+131.33%
0.60
-38.21%
0.97
Gross PPE
2.84
-2.90%
2.93
+1.42%
2.89
-4.66%
3.03
Accumulated Depreciation
-1.64
-6.69%
-1.54
+32.66%
-2.29
-11.18%
-2.06
Properties
0.00
0.00
0.00
0.00
Buildings And Improvements
0.68
-33.33%
1.01
+243.73%
0.29
-54.69%
0.65
Machinery Furniture Equipment
1.48
+9.64%
1.35
-13.80%
1.56
+9.06%
1.44
Other Properties
1.21
-15.09%
1.43
+22.00%
1.17
-18.83%
1.44
Leases
0.15
+0.00%
0.15
+0.00%
0.15
+0.00%
0.15
Non Current Accounts Receivable
82.56
+0.38%
82.25
+1.22%
81.26
+0.49%
80.87
Other Non Current Assets
0.18
-0.55%
0.18
+17.31%
0.16
+0.00%
0.16
Total Liabilities Net Minority Interest
62.72
+3.18%
60.79
+4.87%
57.97
+1.07%
57.35
Current Liabilities
6.01
+21.38%
4.95
+18.18%
4.19
-11.13%
4.72
Payables And Accrued Expenses
1.94
+15.37%
1.68
+1.57%
1.65
-22.87%
2.14
Payables
0.66
+265.19%
0.18
-75.80%
0.75
-8.78%
0.82
Current Accrued Expenses
1.28
-14.82%
1.50
+65.52%
0.91
-31.59%
1.32
Pensionand Other Post Retirement Benefit Plans Current
3.71
+26.10%
2.94
+30.22%
2.26
+2.40%
2.21
Total Tax Payable
0.66
+265.19%
0.18
-75.80%
0.75
-8.78%
0.82
Income Tax Payable
0.66
+265.19%
0.18
-75.80%
0.75
-8.78%
0.82
Current Debt And Capital Lease Obligation
0.36
+9.94%
0.33
+19.00%
0.28
-23.98%
0.37
Current Capital Lease Obligation
0.36
+9.94%
0.33
+19.00%
0.28
-23.98%
0.37
Total Non Current Liabilities Net Minority Interest
56.71
+1.57%
55.83
+3.83%
53.77
+2.16%
52.64
Long Term Debt And Capital Lease Obligation
40.14
-0.09%
40.17
+2.57%
39.16
+0.04%
39.15
Long Term Debt
39.81
+0.84%
39.48
+0.80%
39.16
+0.76%
38.87
Long Term Capital Lease Obligation
0.33
-52.52%
0.69
0.00
-100.00%
0.28
Non Current Deferred Liabilities
16.57
+5.82%
15.66
+7.19%
14.61
+8.33%
13.49
Non Current Deferred Taxes Liabilities
16.57
+5.82%
15.66
+7.19%
14.61
+8.33%
13.49
Stockholders Equity
97.74
+7.04%
91.31
+4.06%
87.75
+1.68%
86.30
Common Stock Equity
97.74
+7.04%
91.31
+4.06%
87.75
+1.68%
86.30
Capital Stock
23.48
+3.92%
22.59
+3.63%
21.80
+4.05%
20.95
Common Stock
23.48
+3.92%
22.59
+3.63%
21.80
+4.05%
20.95
Share Issued
7.89
+1.43%
7.78
+1.40%
7.67
+1.31%
7.57
Ordinary Shares Number
7.89
+1.43%
7.78
+1.40%
7.67
+1.31%
7.57
Retained Earnings
74.26
+8.06%
68.72
+4.20%
65.95
+0.93%
65.35
Total Equity Gross Minority Interest
97.74
+7.04%
91.31
+4.06%
87.75
+1.68%
86.30
Total Capitalization
137.54
+5.16%
130.79
+3.05%
126.92
+1.40%
125.17
Working Capital
70.50
+11.34%
63.32
+6.41%
59.51
+4.51%
56.94
Invested Capital
137.54
+5.16%
130.79
+3.05%
126.92
+1.40%
125.17
Total Debt
40.50
0.00%
40.50
+2.69%
39.44
-0.18%
39.52
Capital Lease Obligations
0.69
-32.33%
1.03
+268.10%
0.28
-56.81%
0.65
Net Tangible Assets
97.74
+7.04%
91.31
+4.06%
87.75
+1.68%
86.30
Tangible Book Value
97.74
+7.04%
91.31
+4.06%
87.75
+1.68%
86.30
Line Item Trend 2025-09-30 2024-09-30 2023-09-30 2022-09-30
Operating Cash Flow
13.79
+48.67%
9.28
+30.04%
7.13
-17.67%
8.66
Cash Flow From Continuing Operating Activities
13.79
+48.67%
9.28
+30.04%
7.13
-17.67%
8.66
Net Income From Continuing Operations
9.96
+40.34%
7.10
+48.75%
4.77
-22.92%
6.19
Depreciation Amortization Depletion
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Depreciation
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Depreciation And Amortization
0.29
+18.85%
0.24
+6.09%
0.23
+11.11%
0.21
Other Non Cash Items
0.34
-1.75%
0.34
+20.85%
0.28
+7.60%
0.26
Stock Based Compensation
1.12
+13.23%
0.99
-1.88%
1.01
-18.37%
1.24
Deferred Tax
0.91
-13.32%
1.05
-6.41%
1.12
+6.85%
1.05
Deferred Income Tax
0.91
-13.32%
1.05
-6.41%
1.12
+6.85%
1.05
Unrealized Gain Loss On Investment Securities
-0.00
+0.00%
-0.00
+0.00%
-0.00
-200.00%
0.00
Change In Working Capital
1.18
+363.45%
-0.45
-58.72%
-0.28
+0.71%
-0.28
Change In Receivables
0.25
+125.61%
-0.98
-610.14%
-0.14
-120.78%
0.66
Changes In Account Receivables
0.20
+121.46%
-0.92
-18460.00%
0.01
-99.33%
0.74
Change In Prepaid Assets
0.02
+113.51%
-0.15
-276.19%
0.08
+140.00%
0.04
Change In Payables And Accrued Expense
0.90
+27.36%
0.71
+412.33%
-0.23
+78.61%
-1.06
Change In Accrued Expense
0.42
-66.85%
1.28
+923.23%
-0.15
+81.35%
-0.83
Change In Payable
0.48
+184.66%
-0.57
-687.50%
-0.07
+68.70%
-0.23
Change In Other Current Assets
0.00
+103.70%
-0.03
0.00
-100.00%
0.08
Investing Cash Flow
-0.63
+51.88%
-1.30
-59.10%
-0.82
-254.55%
-0.23
Cash Flow From Continuing Investing Activities
-0.63
+51.88%
-1.30
-59.10%
-0.82
-254.55%
-0.23
Net PPE Purchase And Sale
-0.44
-40.58%
-0.31
-45.58%
-0.21
+0.46%
-0.22
Purchase Of PPE
-0.44
-40.58%
-0.31
-45.58%
-0.21
+0.46%
-0.22
Capital Expenditure
-0.44
-40.58%
-0.31
-45.58%
-0.21
+0.46%
-0.22
Net Other Investing Changes
-0.19
+81.11%
-0.99
-63.91%
-0.60
-3926.67%
-0.01
Financing Cash Flow
-4.66
-2.83%
-4.53
-4.67%
-4.33
-112.64%
34.22
Cash Flow From Continuing Financing Activities
-4.66
-2.83%
-4.53
-4.67%
-4.33
-112.64%
34.22
Net Issuance Payments Of Debt
—
—
0.00
-100.00%
39.04
Issuance Of Debt
—
—
0.00
-100.00%
39.04
Repayment Of Debt
—
—
—
—
Long Term Debt Issuance
—
—
0.00
-100.00%
39.04
Long Term Debt Payments
—
—
—
—
Net Long Term Debt Issuance
—
—
0.00
-100.00%
39.04
Net Common Stock Issuance
-0.45
-20.21%
-0.38
-67.86%
-0.22
+36.18%
-0.35
Common Stock Payments
-0.46
-13.90%
-0.40
-72.96%
-0.23
+34.55%
-0.36
Common Stock Dividend Paid
-4.20
-1.25%
-4.15
-1.22%
-4.10
-1.56%
-4.04
Cash Dividends Paid
-4.20
-1.25%
-4.15
-1.22%
-4.10
-1.56%
-4.04
Repurchase Of Capital Stock
-0.46
-13.90%
-0.40
-72.96%
-0.23
+34.55%
-0.36
Net Other Financing Charges
—
—
—
-0.43
Changes In Cash
8.51
+146.92%
3.45
+73.25%
1.99
-95.34%
42.65
Beginning Cash Position
63.92
+5.70%
60.48
+3.40%
58.49
+269.33%
15.84
End Cash Position
72.43
+13.31%
63.92
+5.70%
60.48
+3.40%
58.49
Free Cash Flow
13.35
+48.95%
8.96
+29.56%
6.92
-18.11%
8.45
Interest Paid Supplemental Data
1.96
+0.00%
1.96
+0.05%
1.96
+5.54%
1.86
Income Tax Paid Supplemental Data
2.27
+6.78%
2.12
+172.66%
0.78
-16.95%
0.94
Change In Income Tax Payable
0.48
+184.66%
-0.57
-687.50%
-0.07
+68.70%
-0.23
Change In Tax Payable
0.48
+184.66%
-0.57
-687.50%
-0.07
+68.70%
-0.23
Common Stock Issuance
0.01
-74.07%
0.03
+200.00%
0.01
+80.00%
0.01
Issuance Of Capital Stock
0.01
-74.07%
0.03
+200.00%
0.01
+80.00%
0.01
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