secwatch.observer — SEC 8-K summary
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Issuer:     HENNESSY ADVISORS INC (HNNA)
CIK:        0001145255
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020553
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 Q2 revenue down 24%, EPS down 29%; declares dividend; signs $70M AUM acquisition
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- Total revenue $5.9M (-24% YoY); net income $1.2M (-26%); diluted EPS $0.15 (-29%).
- Average AUM $3.0B (-22%); total AUM $2.8B (-25%).
- Quarterly dividend $0.1375/share, payable June 5, 2023, annualized yield 7.7%.
- Definitive agreement to acquire ~$70M AUM (CCM Equity Funds), pending shareholder approval.
- Cash net of debt $17.6M, up 13% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1145255/000095017023020553/0000950170-23-020553-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1145255/000095017023020553/hnna-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020553

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