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
QuarterlyIQ Insights · HNNA
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance sits below its industry cohort — worth keeping an eye on, though it has not freshly broken.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -34.7% |
| Our one-year growth estimate | diamond | 59.4% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 94.1 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Worth watching into the next print: this name is a smaller-cap name (higher miss base rate) and has been missing across recent quarters. A fundamental tilt, not a price call.
Model as of 2026-09-04 · Compared with 36 industry peers · Company calendar date is not available
HNNA — dividend update
Dated 2026-08-05
Regulation FD Disclosure On August 5, 2026, the Company issued a press release announcing that it had declared a cash dividend of $0.15 per share on its common stock. The cash dividend is payable September 3, 2026, to shareholders of record at the close of business on August 20, 2026. A copy of the press release is being furnished as Exhibit 99.1 to this Current Report on Form 8‑K and is incorporated by reference herein.
Why it matters: Growth in assets under management shows market trust and good investment plans.
Supportive ifTotal assets under management are more than $4.4 billion.
Worry ifTotal assets under management are less than $4.0 billion.
Why it matters: Stable assets under management show strong strategies. They also show confidence in the market.
Watch forTotal assets under management show growth above 3% year over year.
Also watch forTotal assets under management fall each year.
Why it matters: The dividend shows that management wants to return money to shareholders. Changes may show shifts in financial health or plans.
Watch forAnnouncement of a dividend increase above $0.15 per share.
Also watch forAnnouncement of a dividend decrease or no change from $0.15 per share.
Why it matters: Stable net income shows strength despite past drops. It shows good cost management.
Supportive ifNet income reported above $2 million in Q3.
Worry ifNet income reported below $1.5 million in Q3.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$69 on $10,000 · ±0.7% | How much price usually moves either way. |
| Bad day | $293 loss on $10,000 · 2.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,623 loss on $10,000 · 26.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: If revenue stabilizes or falls, it may show problems in asset management growth. Investors will look for signs of market strength.
Worry ifQ3 total revenue growth year over year below 4%.
Less concerning ifQ3 total revenue growth year over year above 4%.
Why it matters: A bigger drop in assets could mean problems with keeping clients and market issues.
Worry ifTotal assets under management drop more than 10% from last year.
Less concerning ifTotal assets under management drop less than 5% from last year.
Why it matters: Litigation results can affect financial health and investor trust. Keeping an eye on this is important.
Worry ifA good outcome or end of the lawsuit from May 28, 2026.
Less concerning ifNegative news or rulings that make the litigation worse.
Why it matters: Stable or rising net income shows good control of operational costs.
Supportive ifNet income for Q3 shows growth or stabilization compared to Q2.
Worry ifNet income declines further from $2.0 million in Q2.
Why it matters: Slower growth in the sector may affect Hennessy Advisors' results and future plans.
Worry ifSector revenue growth drops below its median of 15%.
Less concerning ifSector revenue growth remains above its median.
Why it matters: Keeping the dividend shows good cash management. It also shows care for shareholders.
Supportive ifThe company declares a quarterly dividend of $0.15 per share for Q3.
Worry ifThe company lowers the dividend payout below $0.15 per share.
Why it matters: A strong cash position helps with growth and paying dividends. Changes may affect financial flexibility.
Supportive ifNet cash position increases year over year by more than 20%.
Worry ifNet cash position decreases year over year.