secwatch.observer — SEC 8-K summary
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Issuer:     HENNESSY ADVISORS INC (HNNA)
CIK:        0001145255
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002342
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Hennessy Advisors Q1 revenue down 28% to $6.1M; EPS $0.15 vs $0.25; dividend $0.1375
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- Net income $1.1M, down 42% YoY; diluted EPS $0.15, down 40%.
- Average AUM $3.0B, down 26% YoY; total AUM $3.0B, down 26%.
- Cash net of debt $16.8M, up 18% YoY; dividend of $0.1375/share (5.6% annualized yield) payable March 6.
- Launched Hennessy Stance ESG Large Cap ETF (STNC) during the quarter.
- CEO cited market turmoil but expressed optimism; balance sheet remains conservative.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145255/000095017023002342/0000950170-23-002342-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145255/000095017023002342/hnna-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002342

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