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NEW YORK - Investment manager Hennessy Advisors, Inc. (NASDAQ:HNNA) reported a 5% increase in net income to $2.1 million for its third fiscal quarter ended June 30, 2025, compared to the same period last year. According to InvestingPro analysis, the company appears undervalued based on its Fair Value calculations.
The Novato, California-based firm announced quarterly revenue of $8.1 million, up 4% from the prior year, while diluted earnings per share remained unchanged at $0.26. The company maintains strong profitability with a gross margin of 56% and has delivered an impressive 61% total return over the past year, according to InvestingPro data.
Assets under management rose to $4.3 billion, representing a 6% increase year-over-year, according to the company’s press release statement. The firm also reported a 38% increase in cash and cash equivalents, net of gross debt, to $30.1 million.
Hennessy Advisors declared a quarterly dividend of $0.1375 per share, payable on September 4 to shareholders of record as of August 20. This represents an annualized dividend yield of 4.4% based on the August 5 closing price.
Neil Hennessy, Chairman and CEO, noted that equity markets reached new highs in the first half of 2025 despite volatility related to inflation concerns and delayed Federal Reserve rate cuts.
Teresa Nilsen, President and COO, stated the company is working to assume management of two tactical growth ETFs, which would expand its ETF offerings.
Hennessy Advisors offers various investment funds including domestic equity, multi-asset, and sector and specialty funds, maintaining a buy-and-hold investment philosophy.
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