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Upturn AI Summary - About
Hennessy Ad(HNNA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for HNNA
11/13/2026: HNNA (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Hennessy Advisors, Inc. is a niche, independent asset management firm known for its disciplined, formula-driven approach to mutual fund management. The company maintains a lean operating structure and a strong focus on returning capital to shareholders, making it an interesting prospect for dividend-oriented investors. Its primary investment story rests on its established family of 'no-load' funds and the potential for continued strategic acquisition of assets. However, the business faces significant risks, primarily from the industry-wide shift toward passive low-cost ETFs and its high reliance on equity market performance. Investors should monitor AUM trends and the company's ability to maintain fee margins against increasing competition.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company is a mature asset manager rather than a high-growth operating business. |
| Momentum investor | Mixed fit | Momentum is conditional on market-driven inflows into the company's funds. |
| Value investor | Strong fit | The stock often trades at low valuation multiples and offers a stable business model. |
| Dividend investor | Strong fit | The company has a history of paying consistent, meaningful quarterly dividends. |
| Low-risk investor | Mixed fit | While dividends are stable, the company's revenue is tied to market-sensitive AUM. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | Market fluctuations directly impact AUM and the stock price. |
| Valuation risk | Low | The stock historically trades at conservative multiples relative to the sector. |
| Competition risk (active vs passive) | High | The industry-wide shift toward passive ETFs threatens traditional active management fees. |
| Business quality | Medium | The firm has a stable, cash-generative model but limited product diversification. |
| Dividend income | Strong | The company prioritizes and has a track record of returning capital to shareholders. |
| Execution risk | Medium | Depends heavily on the performance and marketing of its limited fund family. |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 80.23M USD | Price to earnings Ratio 9.67 | 1Y Target Price 19.5 |
Price to earnings Ratio 9.67 | 1Y Target Price 19.5 | ||
Volume (30-day avg) 5.1K shares | Beta 0.44 | 52 Weeks Range 8.67 - 10.73 | Updated Date 11/13/2026 |
52 Weeks Range 8.67 - 10.73 | Updated Date 11/13/2026 | ||
Dividends yield (FY) 5.76% | Basic EPS (TTM) 1.05 |
Sector & Industry Intelligence
Sector
Financial Services
Constructive- Sentiment
- Bullish
- Momentum
- BUY Breadth Improving
- BUY participation
- 50.4%
- Active BUY / eligible
- 61 / 121
- 30-Day BUY Count Change
- +45
- Market state
- Bullish
More qualifying stocks are receiving or maintaining BUY advisories, indicating improving market participation.
Industry
Asset Management
- BUY participation
- 52.9%
- Active BUY / eligible
- 9 / 17
- 30-Day BUY Count Change
- +3
Sector signal summarizes BUY breadth conditions for the sector. It does not override this stock’s BUY, SELL, or PASS advisory.
Price Behavior
Steady Uptrend
The stock demonstrates consistent and steady upward price momentum.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit 4.79% | Avg. Invested days 43 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 11/13/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Investment Advisory Services | Management fees charged on the assets managed within the Hennessy Funds family. | The company gets paid a percentage of the money investors have in their mutual funds. |
| Administrative Services | Fees for overseeing the operational and regulatory requirements of the funds. | Steady fee income that supports the core business operations. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Valuation
Trailing PE 9.67 | Forward PE 5.12 | Enterprise Value 44.34M | Price to Sales(TTM) 2.41 |
Enterprise Value 44.34M | Price to Sales(TTM) 2.41 | ||
Enterprise Value to Revenue 1.33 | Enterprise Value to EBITDA 3.16 | Shares Outstanding 7.90M | Shares Floating 4.40M |
Shares Outstanding 7.90M | Shares Floating 4.40M | ||
Percent Insiders 36.5 | Percent Institutions 19.23 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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