Earnings ·
Hennessy Advisors, Inc. reported financial results for the fiscal quarter ended June 30, 2026, and declared a…
HNNAZHennessy Advisors Inc
Hennessy Advisors, Inc. reported financial results for the fiscal quarter ended June 30, 2026, and declared a quarterly cash dividend of $0.15 per share on its common stock. The dividend is payable September 3, 2026, to shareholders of record as of August 20, 2026. Revenue increased 4% year-over-year to $8.4 million, driven by a 4% rise in average assets under management to $4.3 billion. Net income decreased 6% to $2.0 million and diluted EPS fell 4% to $0.25, primarily due to accelerated financing costs from the early redemption of $40.25 million in notes payable six months ahead of maturity. Cash and cash equivalents, net of gross debt, rose 18% to $35.4 million. Hennessy Advisors operates as a publicly traded investment manager offering domestic equity, multi-asset, and sector-specific funds.