Hennessy Advisors Inc (HNNA)
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
$10.20-1.83%
Close 2026-09-04 · 1-day change
NASDAQFinancialsAsset ManagementSnapshot 2026-09-04
Warn: Management is running behind on a stated commitment.
Hennessy Advisors pays steady dividends near $0.15 per share. Earnings grew slightly to $2.61 million in the last quarter. The stock trades cheap with a PE of 9.78 versus peers at 18.55. This shows value and steady income for investors.
Revenue is expected to fall about 15% next year. Earnings growth is soft with a low EPS forecast of $0.24 for 2026. Litigation risks could increase costs and hurt profits.
The price is about 33% below our fair value near $15. Analysts expect revenue to drop 15%, which the market has priced in.
Breaks if: dividend per share falls below $0.15 next quarter
Continue returning capital to shareholders through regular quarterly dividends with occasional increases.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment is characterized as a durable compounder with a focus on consistent dividends and modest earnings growth. The current thesis state indicates mixed results, with some positive momentum but also notable risks.
The market appears to price HNNA as a cheap option compared to its peers, reflecting a significant expectations gap. The valuation suggests that investors are not fully factoring in the potential for improved execution or sector support.
Fundamentals are likely to remain neutral in the near term, as management continues to prioritize dividends and earnings growth but has shown limited progress. Recent financial performance has been below industry peers, which adds some caution.
The long-term thesis hinges on the performance of sector bellwethers like BLK, BX, and KKR, as their results will influence HNNA's trajectory. Additionally, any changes in guidance or earnings expectations could significantly impact investor sentiment.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 2 of last 2 quarters. The company declared consistent quarterly dividends of $0.15 per share in 2026-Q1 and 2026-Q2, maintaining an annualized yield near 6%. Dividend payouts have been stable and management continues to emphasize returning capital to shareholders through dividends, indicating delivery on this priority.
“Declared a quarterly dividend of $0.15 per share to be paid on September 3, 2026.”
“Declared a quarterly dividend of $0.15 per share to be paid on June 4, 2026.”
Breaks if: operating income falls below $2.61 million next quarter
Focus on growing earnings per share and net income despite market and economic challenges.
Stated as a priority in 2 of last 2 quarters. Earnings per share held steady at $0.24 in 2026-Q1 and slightly increased to $0.25 in 2026-Q2, while net income rose modestly from $1.9 million to $2.0 million. Despite some quarterly fluctuations, management's focus on consistent profitability shows limited progress but remains a clear priority.
“Reported fully diluted earnings per share of $0.25 and net income of $2.0 million.”
“Reported fully diluted earnings per share of $0.24 and net income of $1.9 million.”
Breaks if: revenue decline exceeds -15% YoY next year
Overall, HNNA presents a mixed picture with some positive indicators but elevated risks. Not investment advice.