Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Hennessy Ad
Hennessy Advisors, Inc. is an publicly owned investment manager. It provides its services to Hennessy Funds and investment companies. The firm launches and manages equity, fixed income, and balanced mutual funds. It invests in the public equity and fixed income markets across the globe. The firm primarily invests in growth stocks of companies. It conducts in-house research to make its investments. Read full Trend Edge analysis →
Sector: Financial Services
Industry: Asset Management
Exchange: NASDAQ
IPO Date: October 15, 2002
Headquarters: 7250 Redwood Boulevard, Novato, CA, United States, 94945
Hidden Gem: Yes — undiscovered relative to its market cap tier
Founder-Led: Yes — Neil J. Hennessy (Chairman & CEO)
Key Metrics
Current Price
$10.39
Market Cap
$79.8M
Float
4.4M
Shares Outstanding
7.9M
P/E (Forward)
5.12
P/E (TTM)
9.62
Price/Sales (TTM)
2.42
vs. Analyst Target
+87.7% to analyst PT
Profit Margin
25.40%
Operating Margin (TTM)
32.09%
Revenue (TTM)
$33.0M
Earnings Growth (YoY)
-27.30%
Dividend Rate
0.6%
Analyst Target Price
$19.50
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$33.4M
$7.8M
$24.6M
$11.6M
2021
$32.8M
$7.9M
$23.7M
$11.1M
2022
$29.7M
$6.2M
$21.3M
$10.0M
2023
$24.0M
$4.8M
$12.0M
$6.6M
2024
$29.6M
$7.1M
$20.6M
$9.1M
2025
$35.5M
$10.0M
$24.9M
$13.4M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$8.1M
$2.1M
Sep 2025
$8.5M
$2.4M
Dec 2025
$8.3M
$1.9M
Mar 2026
$8.1M
$1.9M
Ownership & Float
Insider Ownership
36.3%
Institutional Ownership
20.0%
Short Float
0.2%
% of All Funds Holding
0.38%
Number of Funds Holding
31
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$9.99
Near-term / short-term trend
Weekly
40-Week SMA
$10.15
Medium-term trend
Weekly
80-Week SMA
$10.81
Cyclical trend (business cycle)
Weekly
200-Week SMA
$9.09
Secular trend (multi-year)
Monthly
10-Month SMA
$10.21
Near-term monthly trend
Monthly
20-Month SMA
$10.82
Medium-term monthly trend
Monthly
40-Month SMA
$9.11
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$9.60
support
1.43x
3 months ago
$10.40
resistance
1.30x
6 months ago
$12.60
resistance
1.00x
8 months ago
$8.30
support
2.57x
20 months ago
$7.20
support
1.29x
21 months ago
Historical Earnings Reactions (49 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
0.68%
0.08%
51.02%
21.11%
-11.32%
1 Day
0.52%
0.00%
44.90%
9.14%
-4.81%
1 Week
0.27%
-1.30%
42.86%
19.91%
-13.36%
2 Weeks
-1.31%
-2.49%
34.69%
15.71%
-13.92%
1 Month
-1.14%
-1.27%
39.58%
24.68%
-28.52%
Next earnings: July 25, 2026 (57 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
6.3%
61.9%
21
Feb
-2.9%
19.0%
21
Mar
-1.6%
42.9%
21
Apr
3.5%
63.6%
22
May
-0.1%
47.6%
21
Jun
0.2%
33.3%
21
Jul
-0.6%
42.9%
21
Aug
2.9%
52.4%
21
Sep
-1.1%
38.1%
21
Oct
-2.0%
42.9%
21
Nov
3.7%
57.1%
21
Dec
0.6%
47.6%
21
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
-0.12%
31.9%
999
Tuesday
0.12%
39.1%
1096
Wednesday
-0.06%
37.1%
1095
Thursday
0.18%
38.0%
1075
Friday
0.24%
38.7%
1071
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 20.0%
Insider Transactions — Smart Summary
Total insider ownership: 36.3%
Founder-led management: Neil J. Hennessy (Chairman & CEO)
Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Hennessy Ad
(HNNA) powered by Claude Opus — Anthropic's most capable AI model.
The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
volume shelf support and resistance, breakout and breakdown signals),
qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit,
stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward.
Whether you are building a long position, initiating a short, or looking for a reversal setup,
AI Consult identifies the highest-probability signal from the current trend.