Hennessy Advisors Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 4.25
Dividend & Yield0.55$ (6.45%)
Beta 0.84
Market capitalization 65.1M
Operating cash flow 9.42M
ESG Scores unknown

Company description

Hennessy Advisors, Inc. is 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.

Sector: Financial Services - Industry: Asset Management

Financial data

Financial Statements

Cashflow Statement 2018-09-30 2019-09-30 2020-09-30 2021-09-30
Change To Liabilities -270k -1.54M -1.73M 338k
Total Cashflows From Investing Activities -3.9M -1.97M -882k -249k
Net Borrowings -4.38M -4.38M -17.5M
Total Cash From Financing Activities -7.94M -13.13M -24.47M -4.26M
Change To Operating Activities 1.07M 5k 11k -83k
Issuance Of Stock 16k 20k 22k 38k
Net Income 20.61M 11.03M 7.84M 7.9M
Change In Cash 9.7M -708k -14.73M 5.88M
Effect Of Exchange Rate
Total Cash From Operating Activities 21.53M 14.39M 10.62M 10.39M
Depreciation 231k 225k 239k 232k
Change To Account Receivables 66k 968k 888k -392k
Other Cashflows From Financing Activities -39k -84k
Change To Netincome -68k 3.59M 3.09M 2.29M
Capital Expenditures -360k -204k -172k -249k

Income Statement 2018-09-30 2019-09-30 2020-09-30 2021-09-30
Research Development
Income Before Tax 23.39M 15.28M 10.96M 10.88M
Net Income 20.61M 11.03M 7.84M 7.9M
Selling General Administrative 5.86M 5.8M 4.96M 4.75M
Gross Profit 30.57M 22.04M 16.52M 15.87M
Ebit 24.48M 16.02M 11.32M 10.88M
Operating Income 24.48M 16.02M 11.32M 10.88M
Interest Expense -1.23M -1.08M -447k
Income Tax Expense 2.78M 4.24M 3.12M 2.98M
Total Revenue 54.59M 42.72M 33.39M 32.76M
Cost Of Revenue 24.02M 20.67M 16.87M 16.89M
Total Other Income ExpenseNet -1.08M -746k -358k 2k
Net Income From Continuing Ops 20.61M 11.03M 7.84M 7.9M
Net Income Applicable To Common Shares 20.61M 11.03M 7.84M 7.9M

Balance Sheet Statement 2018-09-30 2019-09-30 2020-09-30 2021-09-30
Total Liabilities 38.5M 34.68M 16.61M 18.64M
Total Stockholder Equity 70.98M 75.53M 78.18M 83.26M
Other Current Liabilities 724k 1.5M 949k 1.05M
Total Assets 109.48M 110.21M 94.79M 101.91M
Common Stock 16.78M 17.67M 18.7M 19.96M
Other Current Assets
Retained Earnings 54.2M 57.85M 59.47M 63.3M
Treasury Stock
Cash 25.39M 24.69M 9.96M 15.84M
Total Current Liabilities 12.04M 11.36M 5.09M 5.56M
Other Stockholder Equity
Property, Plant, and Equipment 382k 361k 570k 1.32M
Total Current Assets 30.74M 29.01M 13.38M 19.71M
Net Tangible Assets -7.18M -5.12M -2.46M 2.62M
Net Receivables 4.67M 3.68M 2.78M 3.07M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Hennessy Advisors Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
HANSEL HENRY CStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
LIBARLE DANIEL GAROLStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
HENNESSY NEIL JStock Award(Grant) at price 0.00 per share.D2022-09-16Chief Executive Officer15.75k
NILSEN TERESA MStock Award(Grant) at price 0.00 per share.D2022-09-16President15.75k
SEAVEY THOMAS LStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
OFFENBACH RODGERStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
HENNESSY BRIAN AStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
STEADMAN DANIEL BStock Award(Grant) at price 0.00 per share.D2022-09-16Officer and Director7.5k
POMILIA SUSAN WEBERStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
FAHY KATHRYN R.Stock Award(Grant) at price 0.00 per share.D2022-09-16Chief Financial Officer10k
KNIGHT ORIORDAN LYDIA DStock Award(Grant) at price 0.00 per share.D2022-09-16Director4.5k
NEWTON KIERAStock Award(Grant) at price 0.00 per share.D2022-09-16Member of Committee or Advisory Board2.25k
FAHY KATHRYN R.Stock Gift at price 0.00 per share.D2022-05-24Chief Financial Officer1.5k
STEADMAN DANIEL BSale at price 9.83 per share.D2022-03-11Officer and Director15.01k
HENNESSY BRIAN AStock Gift at price 0.00 per share.D2022-03-02Director1k
HENNESSY NEIL JStock Gift at price 0.00 per share.D2021-12-21Chief Executive Officer40k
NILSEN TERESA MStock Gift at price 0.00 per share.D2021-12-15President5.5k
HENNESSY BRIAN AStock Gift at price 0.00 per share.D2021-12-07Director11.5k
STEADMAN DANIEL BStock Gift at price 0.00 per share.D2021-12-02Officer and Director3k
FAHY KATHRYN R.Stock Gift at price 0.00 per share.D2021-12-01Chief Financial Officer1k
HANSEL HENRY CStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
LIBARLE DANIEL GAROLStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
HENNESSY NEIL JStock Award(Grant) at price 0.00 per share.D2021-09-17Chief Executive Officer15.75k
NILSEN TERESA MStock Award(Grant) at price 0.00 per share.D2021-09-17President15.75k
SEAVEY THOMAS LStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
OFFENBACH RODGERStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
HENNESSY BRIAN AStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
STEADMAN DANIEL BStock Award(Grant) at price 0.00 per share.D2021-09-17Officer and Director7.5k
POMILIA SUSAN WEBERStock Award(Grant) at price 0.00 per share.D2021-09-17Director5.25k
FAHY KATHRYN R.Stock Award(Grant) at price 0.00 per share.D2021-09-17Chief Financial Officer10k
HENNESSY BRIAN APurchase at price 9.98 - 10.24 per share.D2021-08-11Director3.9k
HENNESSY BRIAN AStock Gift at price 0.00 per share.D2021-06-21Director500
OFFENBACH RODGERSale at price 9.00 per share.D2021-05-17Director2k
HENNESSY NEIL JStock Gift at price 0.00 per share.D2020-12-29Chief Executive Officer112.5k
FAHY KATHRYN R.Stock Gift at price 0.00 per share.D2020-12-29Chief Financial Officer1k
OFFENBACH RODGERSale at price 8.94 per share.D2020-12-28Director7.18k
OFFENBACH RODGERSale at price 8.82 - 9.04 per share.D2020-12-24Director2.81k
HENNESSY BRIAN AStock Gift at price 0.00 per share.D2020-12-22Director12k
NILSEN TERESA MStock Gift at price 0.00 per share.D2020-12-07President14.1k
STEADMAN DANIEL BStock Gift at price 0.00 per share.D2020-12-04Officer and Director3.5k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Hennessy Advisors Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Hennessy Advisors Inc

Here is the result of two systematic investment strategies applied to Hennessy Advisors Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Hennessy Advisors Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Hennessy Advisors Inc:

Hennessy Advisors Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 14.54% on the backtest period.

Performance at glance

Performance

14.54 %

Latent gain

254.11 $

Invested capital

1747.89 $

Annualized return

3.55 %
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Momentum strategy results on Hennessy Advisors Inc

This is the result of two momentum investment strategies applied to Hennessy Advisors Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Hennessy Advisors Inc

The following chart shows all the entries opened by the momentum investment system on Hennessy Advisors Inc:

Hennessy Advisors Inc momentum entries
  • The first momentum investment strategy would give 17.78% of return on Hennessy Advisors Inc. That represents 1157.19$ of latent gain with 6507.61$ of employed capital.
  • The second momentum investment strategy would give 23.65% of return on Hennessy Advisors Inc. That represents 883.88$ of latent gain with 3737.88$ of employed capital.
Performance at glance (1Q Momentum)

Performance

17.78 %

Latent gain

1157.19 $

Invested capital

6507.61 $

Annualized return

11.98 %
Performance at glance (2Q Momentum)

Performance

23.65 %

Latent gain

883.88 $

Invested capital

3737.88 $

Annualized return

6.53 %

Momentum equity curve on Hennessy Advisors Inc

The following chart shows the equity curve of the two momentum strategies applied to Hennessy Advisors Inc:

Hennessy Advisors Inc momentum equity

Note: the dividends potentially given by Hennessy Advisors Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Hennessy Advisors Inc

The following chart shows the employed capital evolution of the two momentum strategies on Hennessy Advisors Inc since the beginning:

Hennessy Advisors Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Hennessy Advisors Inc

Buy the dip entry openings on Hennessy Advisors Inc

Hennessy Advisors Inc

The performance achieved by the robo-advisor on Hennessy Advisors Inc is 25.16%. That represents 62.1$ of latent gain with 246.78$ of employed capital. The following chart shows Hennessy Advisors Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Hennessy Advisors Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

25.16 %

Latent gain

62.1 $

Invested capital

246.78 $

Annualized return

11.98 %

Equity curve of the strategy applied to Hennessy Advisors Inc

The following chart shows the result of the investment strategy applied to Hennessy Advisors Inc:

Hennessy Advisors Inc

Note: the dividends potentially given by Hennessy Advisors Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Hennessy Advisors Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Hennessy Advisors Inc:

Hennessy Advisors Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Hennessy Advisors Inc

In this section, I will compare the three previous investment strategies applied to Hennessy Advisors Inc.

Equity curve comparison on Hennessy Advisors Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Hennessy Advisors Inc investment strategy comparison

Employed capital comparison on Hennessy Advisors Inc

Hennessy Advisors Inc investment comparison

Performance comparison on Hennessy Advisors Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 14.54% 254.11$ 1747.89$ 3.55%
Momentum 1 quarter 17.78% 1157.19$ 6507.61$ 4.61%
Momentum 2 quarters 23.65% 883.88$ 3737.88$ 6.53%
Non-directional 25.16% 62.1$ 246.78$ 11.98%
Annualized return comparison

Automatic investment

3.55 %

Momentum 1Q

6.53 %

Momentum 2Q

6.53 %

Non-directional

11.98 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Hennessy Advisors Inc:

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

  • VILMORIN & CIE
  • HTSC

  • Note: The algorithm computes the probability of correlation between Hennessy Advisors Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Hennessy Advisors Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Hennessy Advisors Inc
    Country United States
    City Novato
    Address 7250 Redwood Boulevard
    Phone 415 899 1555
    Website www.hennessyadvisors.com
    FullTime employees 18
    Industry Asset Management
    Sector Financial Services
    Exchange XNAS
    Ticker HNNA
    Market www.nasdaq.com

    Hennessy Advisors Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown