Latest Hennessy Advisors (HNNA) Headlines Hen
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Posted On: 03/10/2014 3:51:58 AM
Latest Hennessy Advisors (HNNA) Headlines
Hennessy Advisors, Inc. Announces Quarterly Earnings of $0.25 Per Share
PR Newswire - Thu Jan 30, 3:05PM CST
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share of $0.25 for the first fiscal quarter ended December 31, 2013, an increase of 92.3% over the previous period ended December 31, 2012. During the same time period, total assets under management increased 48.2% to $4.5 billion, due to both strong net sales and performance of the firm's mutual funds. Additionally, average assets under management, upon which revenue is calculated, increased by 73.5%, benefitting additionally from the purchase of assets related to the management of the FBR Funds in late--October 2012. Revenue, net income and earnings per share versus the prior comparable period all increased as well.
Hennessy Advisors, Inc. Announces Record High Annual Earnings
PR Newswire - Wed Dec 04, 4:42PM CST
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share for the fiscal year ended September 30, 2013 of $0.83, an increase of 388% from the prior fiscal year earnings of $0.17 per share, and an all-time high for the company. Total assets under management increased 339% from $919 million at the beginning of the fiscal year to $4.034 billion at the end of the fiscal year, and average assets under management increased by almost 300%, producing a corresponding increase in revenue, net income and earnings per share versus the prior comparable period. The asset growth was driven by the approximately $2.2 billion purchase of the assets of the FBR Funds in October, 2012, strong market appreciation of approximately $648 million, and net inflows of approximately $243 million.
Hennessy Advisors, Inc. Declares Quarterly Dividend
PR Newswire - Thu Oct 31, 7:00AM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) The Board of Directors of Hennessy Advisors, Inc. today declared a quarterly dividend of $0.03125 per share to be paid on December 9, 2013 to shareholders of record as of November 15, 2013.
Hennessy Advisors, Inc. Surpasses $4 Billion in Assets Under Management
PR Newswire - Tue Sep 17, 3:00PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today announced that assets under management have surpassed the $4 billion mark. The increase in assets this year is attributable to strong market appreciation and net purchases in the firm's domestic equity, specialty, balanced and fixed income mutual funds.
Hennessy Advisors, Inc. Announces Third Quarter Earnings Increase 380%
PR Newswire - Wed Aug 07, 4:27PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported financial results for the third quarter of fiscal 2013, which show the company's continued momentum in growth of earnings and assets under management. Fully diluted earnings per share were $0.24 for the quarter ended June 30, 2013, an increase of 380% versus earnings of $0.05 per share for the quarter ended June 30, 2012. Fully diluted earnings per share for the nine months ended June 30, 2013 were $0.56 per share, an increase of 367% from $0.12 for the nine months ended June 30, 2012. The increase in earnings is attributable to increased mutual fund assets under management, primarily due to the purchase of mutual fund assets from FBR & Co. in October, 2012. Net purchases in the firm's domestic equity, specialty, balanced and fixed income mutual funds and strong market appreciation also contributed to the increase in assets under management. The increase in average assets under management, the asset levels upon which the firm's fees are earned, increased 341% over the three-month and 286% over the nine-month prior comparable periods, respectively, creating a corresponding rise in revenue, net income and earnings per share.
Hennessy Advisors, Inc. Announces Quarterly Dividend and Second Quarter Earnings of $0.20 Per Share
PR Newswire - Wed May 08, 4:27PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share of $0.20 for the second quarter ended March 31, 2013, an increase of 400% versus earnings of $0.04 per share for the quarter ended March 31, 2012. Fully diluted earnings per share for the six months ended March 31, 2013 were $0.33 per share, an increase of 371% from $0.07 for the six months ended March 31, 2012. The increase in earnings is attributable to increased mutual fund assets under management, primarily due to our purchase of mutual fund assets from FBR & Co. in October, 2012. Average assets increased by 299% and 258%, respectively, over the 3-month and 6-month prior comparable periods, causing a corresponding rise in revenue, net income and earnings per share.
Hennessy Funds Earns Three 2013 Lipper Fund Awards
PR Newswire - Fri Mar 15, 5:07PM CDT
Hennessy Funds today announced that the Hennessy Gas Utility Index Fund (GASFX) and Hennessy Japan Fund (HJPIX) have each been named a 2013 Lipper Fund Award winner. Lipper Fund Awards honor mutual funds that have excelled in delivering consistently stronger performance than their peers. The Hennessy Gas Utility Index Fund was recognized for both the best three-year and five-year risk adjusted performance among 16 Utility Funds, while the Hennessy Japan Fund was recognized for the best three-year performance among 10 Japanese Funds, for the period ended 11/30/12.
Hennessy Advisors, Inc. Reports First Quarter Earnings Increase of 333% and Announces Quarterly Dividend
PR Newswire - Thu Jan 17, 4:17PM CST
Hennessy Advisors, Inc. (OTCBB: HNNA) today reported fully diluted earnings per share of $0.13 for the first quarter ended December 31, 2012, an increase of 333% over the previous period ended December 31, 2011. Total assets under management increased 287% to over $3 billion, and average assets increased by 216%, producing a corresponding increase in revenue, net income and earnings per share versus the prior comparable period.
Hennessy Advisors, Inc. Announces Quarterly Earnings of $0.25 Per Share
PR Newswire - Thu Jan 30, 3:05PM CST
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share of $0.25 for the first fiscal quarter ended December 31, 2013, an increase of 92.3% over the previous period ended December 31, 2012. During the same time period, total assets under management increased 48.2% to $4.5 billion, due to both strong net sales and performance of the firm's mutual funds. Additionally, average assets under management, upon which revenue is calculated, increased by 73.5%, benefitting additionally from the purchase of assets related to the management of the FBR Funds in late--October 2012. Revenue, net income and earnings per share versus the prior comparable period all increased as well.
Hennessy Advisors, Inc. Announces Record High Annual Earnings
PR Newswire - Wed Dec 04, 4:42PM CST
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share for the fiscal year ended September 30, 2013 of $0.83, an increase of 388% from the prior fiscal year earnings of $0.17 per share, and an all-time high for the company. Total assets under management increased 339% from $919 million at the beginning of the fiscal year to $4.034 billion at the end of the fiscal year, and average assets under management increased by almost 300%, producing a corresponding increase in revenue, net income and earnings per share versus the prior comparable period. The asset growth was driven by the approximately $2.2 billion purchase of the assets of the FBR Funds in October, 2012, strong market appreciation of approximately $648 million, and net inflows of approximately $243 million.
Hennessy Advisors, Inc. Declares Quarterly Dividend
PR Newswire - Thu Oct 31, 7:00AM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) The Board of Directors of Hennessy Advisors, Inc. today declared a quarterly dividend of $0.03125 per share to be paid on December 9, 2013 to shareholders of record as of November 15, 2013.
Hennessy Advisors, Inc. Surpasses $4 Billion in Assets Under Management
PR Newswire - Tue Sep 17, 3:00PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today announced that assets under management have surpassed the $4 billion mark. The increase in assets this year is attributable to strong market appreciation and net purchases in the firm's domestic equity, specialty, balanced and fixed income mutual funds.
Hennessy Advisors, Inc. Announces Third Quarter Earnings Increase 380%
PR Newswire - Wed Aug 07, 4:27PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported financial results for the third quarter of fiscal 2013, which show the company's continued momentum in growth of earnings and assets under management. Fully diluted earnings per share were $0.24 for the quarter ended June 30, 2013, an increase of 380% versus earnings of $0.05 per share for the quarter ended June 30, 2012. Fully diluted earnings per share for the nine months ended June 30, 2013 were $0.56 per share, an increase of 367% from $0.12 for the nine months ended June 30, 2012. The increase in earnings is attributable to increased mutual fund assets under management, primarily due to the purchase of mutual fund assets from FBR & Co. in October, 2012. Net purchases in the firm's domestic equity, specialty, balanced and fixed income mutual funds and strong market appreciation also contributed to the increase in assets under management. The increase in average assets under management, the asset levels upon which the firm's fees are earned, increased 341% over the three-month and 286% over the nine-month prior comparable periods, respectively, creating a corresponding rise in revenue, net income and earnings per share.
Hennessy Advisors, Inc. Announces Quarterly Dividend and Second Quarter Earnings of $0.20 Per Share
PR Newswire - Wed May 08, 4:27PM CDT
Hennessy Advisors, Inc. (OTCBB:HNNA) today reported fully diluted earnings per share of $0.20 for the second quarter ended March 31, 2013, an increase of 400% versus earnings of $0.04 per share for the quarter ended March 31, 2012. Fully diluted earnings per share for the six months ended March 31, 2013 were $0.33 per share, an increase of 371% from $0.07 for the six months ended March 31, 2012. The increase in earnings is attributable to increased mutual fund assets under management, primarily due to our purchase of mutual fund assets from FBR & Co. in October, 2012. Average assets increased by 299% and 258%, respectively, over the 3-month and 6-month prior comparable periods, causing a corresponding rise in revenue, net income and earnings per share.
Hennessy Funds Earns Three 2013 Lipper Fund Awards
PR Newswire - Fri Mar 15, 5:07PM CDT
Hennessy Funds today announced that the Hennessy Gas Utility Index Fund (GASFX) and Hennessy Japan Fund (HJPIX) have each been named a 2013 Lipper Fund Award winner. Lipper Fund Awards honor mutual funds that have excelled in delivering consistently stronger performance than their peers. The Hennessy Gas Utility Index Fund was recognized for both the best three-year and five-year risk adjusted performance among 16 Utility Funds, while the Hennessy Japan Fund was recognized for the best three-year performance among 10 Japanese Funds, for the period ended 11/30/12.
Hennessy Advisors, Inc. Reports First Quarter Earnings Increase of 333% and Announces Quarterly Dividend
PR Newswire - Thu Jan 17, 4:17PM CST
Hennessy Advisors, Inc. (OTCBB: HNNA) today reported fully diluted earnings per share of $0.13 for the first quarter ended December 31, 2012, an increase of 333% over the previous period ended December 31, 2011. Total assets under management increased 287% to over $3 billion, and average assets increased by 216%, producing a corresponding increase in revenue, net income and earnings per share versus the prior comparable period.
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