Hennessy Advisors Q2 Revenue Drops 12% to $8.1M, Declares 6% Yield Dividend
Hennessy Advisors posted Q2 revenue of $8.1M (−12%) and net income of $1.9M (−26%) with EPS at $0.24 (−27%), while average AUM fell 12% to $4.17B and total AUM declined 8% to $3.93B. The firm declared a $0.15 dividend at a 6.0% yield and boosted cash by 20% to $32.8M.
1. Second-Quarter Financial Results
Hennessy Advisors reported Q2 revenue of $8.1 million, a 12% year-over-year decline, net income of $1.9 million (down 26%), and fully diluted EPS of $0.24 (down 27%). The firm maintained profitability despite market volatility and preserved positive earnings across its suite of funds.
2. Assets Under Management Trends
Average assets under management fell 12% to $4.17 billion, while total AUM decreased 8% to $3.93 billion as market fluctuations and client redemptions weighed on asset levels. Management is exploring strategic initiatives to stabilize and rebuild its AUM base.
3. Dividend Declaration and Cash Position
The board declared a $0.15 dividend, reflecting a 6.0% yield, reaffirming its commitment to shareholder returns. Hennessy Advisors also increased cash balances by 20% to $32.8 million, strengthening its liquidity to pursue growth opportunities.