Hennessy Advisors Q3 revenue $8.1M (+4%), net income $2.1M (+5%), declares $0.1375 dividend

HENNESSY ADVISORS INC

2024-Q3 EPS reported $0.95 revenue$27,038,000

Revenue $8.1M (+4% YoY), net income $2.1M (+5%), diluted EPS $0.26 (unchanged).
Average AUM $4.1B (+5%), total AUM $4.3B (+6%).
Cash net of debt $30M (+38%); quarterly dividend $0.1375/share, payable Sep 4 to holders of record Aug 20.
Plans to assume management of STF Tactical Growth & Income ETF and STF Tactical Growth ETF.
CEO cites resilient labor market, moderating inflation, and corporate investment as positive signals.

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