Hennessy Advisors, Inc. Reports Quarterly Earnings and Announces Quarterly Dividend
Hennessy Advisors reported Q2 revenue of $8.1 million, down 12% year-over-year, with net income falling 26% to $1.9 million and EPS decreasing 27% to $0.24. The declines were driven by a 12% drop in average assets under management to $4.2 billion, though the company grew its net cash position by 20% to $32.8 million.
Key figures
- Eps
- 0.24
- Revenue
- 8132584
- Revenue Yoy
- -12.3%
- Aum total
- 3925199575
- Net income
- 1909709
- Aum average
- 4169580806
- Cash net debt
- 32804587
AI analysis
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