Hennessy Advisors (HNNA)
Market Price (2/4/2026): $10.07 | Market Cap: $78.6 MilSector: Financials | Industry: Asset Management & Custody Banks
Hennessy Advisors (HNNA)
Market Price (2/4/2026): $10.07Market Cap: $78.6 MilSector: FinancialsIndustry: Asset Management & Custody Banks
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 5.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 17% | Weak multi-year price returns3Y Excs Rtn is -48% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.2% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41% | Key risksHNNA key risks include [1] a heavy dependence on a few highly concentrated flagship funds for revenue and [2] a limited national distribution network that relies on third-party channels. | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38% | ||
| Low stock price volatilityVol 12M is 36% | ||
| Megatrend and thematic driversMegatrends include Investment Management. Themes include Active Mutual Fund Management, Traditional Investment Products, and Value-Oriented Investing. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 18%, Dividend Yield is 5.4%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 14%, FCF Yield is 17% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -41% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 38% |
| Low stock price volatilityVol 12M is 36% |
| Megatrend and thematic driversMegatrends include Investment Management. Themes include Active Mutual Fund Management, Traditional Investment Products, and Value-Oriented Investing. |
| Weak multi-year price returns3Y Excs Rtn is -48% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -3.2% |
| Key risksHNNA key risks include [1] a heavy dependence on a few highly concentrated flagship funds for revenue and [2] a limited national distribution network that relies on third-party channels. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong Fiscal Year 2025 Financial Performance. Hennessy Advisors reported robust financial results for the fiscal year ended September 30, 2025, with a 38% increase in annual earnings per share and a 40% surge in net income to $10.0 million. Total revenue for the fiscal year also saw a significant rise of 20% to $35.5 million.
2. Outperforming Industry Revenue Growth. The company demonstrated strong competitive performance, with its revenue growing 19.87% year over year as of Q1 2026. This growth rate significantly outpaced the US Asset Management industry's average revenue growth of 5.44% by more than 14 percentage points.
Show more
Stock Movement Drivers
Fundamental Drivers
The 3.3% change in HNNA stock from 10/31/2025 to 2/3/2026 was primarily driven by a 2.6% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 9.68 | 10.00 | 3.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36 | 36 | -0.8% |
| Net Income Margin (%) | 27.5% | 28.0% | 1.7% |
| P/E Multiple | 7.6 | 7.8 | 2.6% |
| Shares Outstanding (Mil) | 8 | 8 | -0.2% |
| Cumulative Contribution | 3.3% |
Market Drivers
10/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HNNA | 3.3% | |
| Market (SPY) | 1.1% | 4.6% |
| Sector (XLF) | 2.2% | 7.1% |
Fundamental Drivers
The -19.3% change in HNNA stock from 7/31/2025 to 2/3/2026 was primarily driven by a -20.6% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 12.39 | 10.00 | -19.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36 | 36 | 0.0% |
| Net Income Margin (%) | 27.5% | 28.0% | 1.9% |
| P/E Multiple | 9.9 | 7.8 | -20.6% |
| Shares Outstanding (Mil) | 8 | 8 | -0.2% |
| Cumulative Contribution | -19.3% |
Market Drivers
7/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HNNA | -19.3% | |
| Market (SPY) | 9.4% | 2.7% |
| Sector (XLF) | 2.6% | 9.9% |
Fundamental Drivers
The -14.5% change in HNNA stock from 1/31/2025 to 2/3/2026 was primarily driven by a -38.2% change in the company's P/E Multiple.| (LTM values as of) | 1312025 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 11.69 | 10.00 | -14.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 30 | 36 | 19.9% |
| Net Income Margin (%) | 23.9% | 28.0% | 17.1% |
| P/E Multiple | 12.7 | 7.8 | -38.2% |
| Shares Outstanding (Mil) | 8 | 8 | -1.4% |
| Cumulative Contribution | -14.5% |
Market Drivers
1/31/2025 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HNNA | -14.5% | |
| Market (SPY) | 15.6% | 21.9% |
| Sector (XLF) | 5.1% | 21.7% |
Fundamental Drivers
The 25.1% change in HNNA stock from 1/31/2023 to 2/3/2026 was primarily driven by a 34.3% change in the company's Net Income Margin (%).| (LTM values as of) | 1312023 | 2032026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.00 | 10.00 | 25.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 30 | 36 | 19.8% |
| Net Income Margin (%) | 20.9% | 28.0% | 34.3% |
| P/E Multiple | 9.7 | 7.8 | -19.2% |
| Shares Outstanding (Mil) | 8 | 8 | -3.8% |
| Cumulative Contribution | 25.1% |
Market Drivers
1/31/2023 to 2/3/2026| Return | Correlation | |
|---|---|---|
| HNNA | 25.1% | |
| Market (SPY) | 75.9% | 14.4% |
| Sector (XLF) | 53.1% | 13.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HNNA Return | 32% | -17% | -14% | 103% | -21% | 5% | 61% |
| Peers Return | 25% | -16% | 8% | 4% | -9% | 6% | 14% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 2% | 86% |
Monthly Win Rates [3] | |||||||
| HNNA Win Rate | 58% | 33% | 25% | 75% | 42% | 50% | |
| Peers Win Rate | 55% | 42% | 52% | 57% | 37% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 100% | |
Max Drawdowns [4] | |||||||
| HNNA Max Drawdown | -3% | -18% | -18% | -3% | -30% | 0% | |
| Peers Max Drawdown | -10% | -30% | -16% | -15% | -26% | -1% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -1% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DHIL, SAMG, GROW, VRTS, CNS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 2/3/2026 (YTD)
How Low Can It Go
| Event | HNNA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -43.9% | -25.4% |
| % Gain to Breakeven | 78.3% | 34.1% |
| Time to Breakeven | 406 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -43.9% | -33.9% |
| % Gain to Breakeven | 78.3% | 51.3% |
| Time to Breakeven | 326 days | 148 days |
| 2018 Correction | ||
| % Loss | -57.8% | -19.8% |
| % Gain to Breakeven | 136.9% | 24.7% |
| Time to Breakeven | Not Fully Recovered days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -91.3% | -56.8% |
| % Gain to Breakeven | 1055.6% | 131.3% |
| Time to Breakeven | 2,091 days | 1,480 days |
Compare to DHIL, SAMG, GROW, VRTS, CNS
In The Past
Hennessy Advisors's stock fell -43.9% during the 2022 Inflation Shock from a high on 10/27/2021. A -43.9% loss requires a 78.3% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Hennessy Advisors (HNNA)
AI Analysis | Feedback
1. Vanguard for a focused family of actively managed mutual funds.
2. T. Rowe Price for boutique, value-oriented mutual funds.
AI Analysis | Feedback
- Mutual Funds: Professionally managed investment funds that pool money from many investors to invest in a diversified portfolio of securities.
AI Analysis | Feedback
Hennessy Advisors (symbol: HNNA) is an investment manager that operates a family of actively managed equity and fixed-income mutual funds. As such, it sells investment management services primarily to individuals, often through financial intermediaries.
The major categories of customers that Hennessy Advisors serves are:
-
Individual Investors: These are retail investors who directly purchase shares of Hennessy mutual funds through various investment platforms, brokerage accounts, or self-directed retirement accounts (e.g., IRAs and Roth IRAs).
-
Clients of Financial Advisors and Registered Investment Advisors (RIAs): Hennessy Advisors distributes its funds through financial professionals who, on behalf of their individual clients, invest in Hennessy funds. While the advisors make the investment decisions, the ultimate beneficiaries and end-customers whose assets are being managed are the individual clients of these advisory firms.
-
Participants in Retirement Plans: Individuals who invest in Hennessy mutual funds as part of their employer-sponsored retirement plans, such as 401(k)s, 403(b)s, or other defined contribution plans, where Hennessy funds are offered as investment options by plan administrators or recordkeepers.
AI Analysis | Feedback
- U.S. Bancorp (USB)
- Deloitte & Touche LLP
AI Analysis | Feedback
Neil J. Hennessy, Chief Executive Officer and Chairman of the Board
Neil J. Hennessy founded Hennessy Advisors in 1989. He began his career in the securities industry in 1979 and previously worked as a successful stockbroker and manager for Paine Webber. He has a successful history of acquiring asset management contracts and starting funds.
Kathryn R. Fahy, Chief Financial Officer and Senior Vice President
Kathryn R. Fahy joined Hennessy Advisors in 2006. Before joining the firm, she worked as a public accountant for Deloitte & Touche LLP and as a Senior Internal Auditor for Knight Ridder, Inc. She is also a Certified Public Accountant.
Teresa M. Nilsen, President, Chief Operating Officer, Secretary, and Director
Teresa M. Nilsen joined Hennessy Advisors in 1989, working alongside founder Neil Hennessy to help build the company from its inception. She has worked in the securities industry since 1987.
Daniel B. Steadman, Executive Vice President
Daniel B. Steadman serves as Executive Vice President.
Ryan C. Kelley, Chief Investment Officer and Portfolio Manager
Ryan C. Kelley has over two decades of financial services experience. He began his career in corporate finance and institutional equity research at FBR & Co. and was named to the FBR Funds Portfolio Management team in 2005. He joined Hennessy Funds in 2012 through the acquisition of FBR Funds and was promoted to Chief Investment Officer in 2021.
AI Analysis | Feedback
The key risks to Hennessy Advisors (HNNA) are primarily related to its business model within the competitive asset management industry:
- Heavy Dependence on a Few Flagship Funds and Concentration Risk: A significant portion of Hennessy Advisors' revenue and assets under management (AUM) is concentrated in a limited number of funds, notably the Hennessy Focus Fund and the Hennessy Cornerstone Value Fund. Should these funds experience sustained underperformance or substantial investor redemptions, the company's financial condition and profitability could be severely impacted. Adding to this risk, the Hennessy Focus Fund's own portfolio is highly concentrated in its top holdings.
- Structural Headwinds from Passive Investing and Intense Competition: Hennessy Advisors, an active asset manager, faces significant structural challenges from the growing market preference for low-cost, passive investment strategies offered by larger competitors. This trend has put pressure on the firm's margins and growth, contributing to organic outflows in many years since 2007, indicating a declining industry for traditional active management.
- Limited National Distribution and Reliance on Third-Party Channels: Compared to larger industry players, Hennessy Advisors has a more limited national distribution network. The company relies heavily on third-party financial institutions, such as broker-dealers and financial advisors, to distribute its funds. The potential for these third-party distributors to terminate their relationships on short notice poses a continuous threat to the firm's asset retention.
AI Analysis | Feedback
The accelerating shift of investor assets from actively managed mutual funds to lower-cost passive investment vehicles, such as exchange-traded funds (ETFs) and index funds, poses a clear emerging threat. This trend directly pressures the fee structure and asset growth potential of traditional active managers like Hennessy Advisors, mirroring historical disruptions where more efficient and often lower-cost alternatives displaced incumbents. Additionally, the growing adoption of technologically advanced investment solutions like direct indexing, which allows investors to own the underlying stocks of an index directly for greater tax efficiency and customization, presents an emerging challenge by potentially bypassing traditional mutual fund structures entirely.
AI Analysis | Feedback
Hennessy Advisors (HNNA) is an investment manager that primarily offers investment advisory services to a suite of open-end mutual funds and an exchange-traded fund (ETF), collectively known as the Hennessy Funds. These funds encompass a variety of offerings, including domestic equity, multi-asset, sector, and specialty funds. The company generates revenue through fees based on assets under management (AUM).
Based on their core services, the addressable markets for Hennessy Advisors are primarily the U.S. Mutual Fund Market and the U.S. Investment Advisory Services Market.
Addressable Market Sizes (U.S.):
- U.S. Mutual Fund Market: This market was valued at approximately USD 34.58 trillion in 2024 and is projected to reach USD 43.25 trillion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 3.80%. In 2025, the market is estimated to be around USD 30.09 trillion, with a forecast to grow to USD 39.22 trillion by 2030 at a CAGR of 5.44%. Another estimate puts the market at USD 38.8 trillion at the end of 2023. The market is also projected to reach USD 50.28 trillion by 2033, with a CAGR of 4.45%.
- U.S. Portfolio Management & Investment Advice Market: This market was valued at USD 591.2 billion in 2024 and is projected to reach USD 603.0 billion in 2025. It experienced a CAGR of 6.8% between 2019 and 2024 and is expected to grow at a CAGR of 7.3% between 2020 and 2025. More broadly, the U.S. financial advisory services market, including investment advisory, was valued at USD 94.31 billion in 2024 and is projected to reach USD 137.22 billion by 2032, with a CAGR of 4.8%. North America currently holds a 38% share of this market.
AI Analysis | Feedback
Hennessy Advisors (HNNA) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives and market-related factors: * Growth in Assets Under Management (AUM) from Market Appreciation and Fund Performance: A significant driver of revenue growth for Hennessy Advisors is the increase in its Assets Under Management, which benefits from positive market appreciation and the strong performance of its fund lineup. The company reported substantial AUM growth, reaching $4.6 billion in fiscal year 2024, a 53% increase from the previous year, partly due to nearly $1 billion in market appreciation. Average AUM, upon which revenue is earned, also increased by 23% in fiscal year 2024. Furthermore, in the nine months ending June 30, 2024, AUM grew by almost $1 billion, with fund performance accounting for $560 million of that increase. * Strategic Acquisitions: Hennessy Advisors has demonstrated a commitment to growth through the acquisition of assets. In fiscal year 2024, the company purchased $72 million in mutual fund assets. More recently, in May 2025, the firm announced a definitive agreement with STF Management, LP, to expand its ETF offerings, indicating a continued strategy of inorganic growth. * Net New Asset Inflows: The company's ability to attract new investments is a key revenue driver. Hennessy Advisors welcomed $549 million in net new assets in fiscal year 2024. In the nine months ended June 30, 2024, net inflows contributed $364 million to the growth in assets under management. * Expansion of ETF Offerings, particularly in ESG and AI: Hennessy Advisors is strategically pivoting towards expanding its ETF portfolio. This includes the rebranding of its ESG ETF to the Hennessy Sustainable ETF in May 2025, a move aimed at aligning with investor demand. The company also sees potential for increased AUM through further acquisitions in the ESG and AI spaces.AI Analysis | Feedback
Share Repurchases
- Hennessy Advisors did not repurchase any shares of its common stock in fiscal year 2024.
- As of September 30, 2024, 1,096,368 shares remained available for repurchase under the company's stock buyback program.
- The Board of Directors increased the number of shares authorized for repurchase under the program to 2,000,000 shares in August 2022.
Share Issuance
- Under its Dividend Reinvestment and Stock Purchase Plan (DRSPP) and its predecessor plan, the company issued 12,902 shares of common stock in fiscal year 2024.
- In fiscal year 2023, 9,535 shares of common stock were issued through the DRSPP.
- As of September 30, 2024, 1,520,968 shares remained available for issuance under the DRSPP, which has a maximum capacity of 1,530,000 shares.
Outbound Investments
- In February 2024, Hennessy Advisors purchased assets related to the management of a mutual fund from Community Capital Management, LLC (CCM) for approximately $59 million, which were reorganized into the Hennessy Stance ESG ETF.
- Prior to that, in November (likely 2023), the company acquired assets related to the management of another mutual fund from CCM for approximately $12 million, also reorganized into the Hennessy Stance ESG ETF.
- Overall, in the fiscal year ended September 30, 2024, the company purchased assets related to the management of $72 million in mutual funds.
Capital Expenditures
- Capital expenditures for Hennessy Advisors were $0.17 million in fiscal year 2024.
- Capital expenditures were $0.25 million in fiscal year 2023 and $0.22 million in fiscal year 2022.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 37.94 |
| Mkt Cap | 0.3 |
| Rev LTM | 139 |
| Op Inc LTM | 28 |
| FCF LTM | 6 |
| FCF 3Y Avg | 17 |
| CFO LTM | 6 |
| CFO 3Y Avg | 19 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 3.6% |
| Rev Chg 3Y Avg | -1.6% |
| Rev Chg Q | 0.4% |
| QoQ Delta Rev Chg LTM | 0.1% |
| Op Mgn LTM | 24.6% |
| Op Mgn 3Y Avg | 22.7% |
| QoQ Delta Op Mgn LTM | -0.0% |
| CFO/Rev LTM | -0.7% |
| CFO/Rev 3Y Avg | 14.8% |
| FCF/Rev LTM | -1.1% |
| FCF/Rev 3Y Avg | 12.9% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.3 |
| P/S | 2.6 |
| P/EBIT | 9.5 |
| P/E | 14.1 |
| P/CFO | -4.4 |
| Total Yield | 12.6% |
| Dividend Yield | 4.7% |
| FCF Yield 3Y Avg | 5.9% |
| D/E | 0.1 |
| Net D/E | -0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -1.6% |
| 3M Rtn | 4.7% |
| 6M Rtn | -12.2% |
| 12M Rtn | -13.8% |
| 3Y Rtn | -3.0% |
| 1M Excs Rtn | -2.4% |
| 3M Excs Rtn | 2.4% |
| 6M Excs Rtn | -21.4% |
| 12M Excs Rtn | -30.5% |
| 3Y Excs Rtn | -69.5% |
Price Behavior
| Market Price | $10.00 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/09/2005 | |
| Distance from 52W High | -20.7% | |
| 50 Days | 200 Days | |
| DMA Price | $9.96 | $10.60 |
| DMA Trend | indeterminate | up |
| Distance from DMA | 0.4% | -5.7% |
| 3M | 1YR | |
| Volatility | 28.5% | 36.3% |
| Downside Capture | -9.89 | 65.97 |
| Upside Capture | 20.86 | 43.17 |
| Correlation (SPY) | 3.6% | 21.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.14 | 0.04 | 0.10 | 0.01 | 0.41 | 0.34 |
| Up Beta | 1.91 | 1.47 | 0.79 | 0.74 | 0.52 | 0.51 |
| Down Beta | 0.05 | -0.26 | -0.13 | -1.00 | 0.06 | 0.17 |
| Up Capture | 50% | 1% | 20% | -0% | 33% | 10% |
| Bmk +ve Days | 11 | 22 | 34 | 71 | 142 | 430 |
| Stock +ve Days | 11 | 22 | 33 | 60 | 119 | 370 |
| Down Capture | -109% | -11% | -14% | 63% | 75% | 54% |
| Bmk -ve Days | 9 | 19 | 27 | 54 | 109 | 321 |
| Stock -ve Days | 9 | 18 | 27 | 63 | 124 | 345 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNNA | |
|---|---|---|---|---|
| HNNA | -14.5% | 36.4% | -0.36 | - |
| Sector ETF (XLF) | 5.1% | 19.1% | 0.13 | 21.7% |
| Equity (SPY) | 15.6% | 19.2% | 0.63 | 21.9% |
| Gold (GLD) | 77.2% | 24.5% | 2.30 | 11.9% |
| Commodities (DBC) | 10.0% | 16.5% | 0.40 | 12.7% |
| Real Estate (VNQ) | 2.9% | 16.5% | -0.00 | 23.7% |
| Bitcoin (BTCUSD) | -23.4% | 40.3% | -0.56 | 12.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNNA | |
|---|---|---|---|---|
| HNNA | 11.1% | 38.0% | 0.38 | - |
| Sector ETF (XLF) | 14.9% | 18.7% | 0.66 | 15.5% |
| Equity (SPY) | 14.5% | 17.0% | 0.68 | 14.3% |
| Gold (GLD) | 21.5% | 16.8% | 1.04 | 2.5% |
| Commodities (DBC) | 12.0% | 18.9% | 0.51 | 4.5% |
| Real Estate (VNQ) | 4.8% | 18.8% | 0.16 | 11.1% |
| Bitcoin (BTCUSD) | 20.9% | 57.5% | 0.56 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HNNA | |
|---|---|---|---|---|
| HNNA | -0.5% | 39.0% | 0.11 | - |
| Sector ETF (XLF) | 14.1% | 22.2% | 0.58 | 18.4% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 16.7% |
| Gold (GLD) | 15.6% | 15.5% | 0.84 | 1.1% |
| Commodities (DBC) | 8.4% | 17.6% | 0.39 | 7.7% |
| Real Estate (VNQ) | 5.6% | 20.8% | 0.24 | 15.4% |
| Bitcoin (BTCUSD) | 69.9% | 66.5% | 1.09 | 7.7% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 12/3/2025 | 0.5% | -2.9% | -6.6% |
| 8/6/2025 | -4.5% | -13.4% | -0.3% |
| 5/7/2025 | 5.8% | -5.0% | 4.8% |
| 12/11/2024 | 3.4% | -5.3% | -4.7% |
| 8/8/2024 | 6.3% | 14.0% | 23.9% |
| 5/8/2024 | -0.2% | 6.9% | 8.9% |
| 12/6/2023 | 0.2% | 0.5% | 13.6% |
| 8/2/2023 | -1.8% | -1.1% | -0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 10 |
| # Negative | 9 | 10 | 11 |
| Median Positive | 2.4% | 5.6% | 11.5% |
| Median Negative | -0.8% | -3.4% | -3.1% |
| Max Positive | 9.1% | 16.7% | 23.9% |
| Max Negative | -4.8% | -13.4% | -14.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 12/03/2025 | 10-K |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 02/13/2025 | 10-Q |
| 09/30/2024 | 12/11/2024 | 10-K |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/08/2024 | 10-Q |
| 09/30/2023 | 12/07/2023 | 10-K |
| 06/30/2023 | 08/02/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/09/2023 | 10-Q |
| 09/30/2022 | 12/07/2022 | 10-K |
| 06/30/2022 | 08/03/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 02/10/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Newton, Kiera | Direct | Sell | 12312025 | 9.35 | 571 | 5,339 | 152,349 | Form | |
| 2 | Newton, Kiera | Direct | Sell | 9292025 | 10.73 | 390 | 4,185 | 180,961 | Form | |
| 3 | Newton, Kiera | Direct | Sell | 9252025 | 11.00 | 3 | 33 | 189,805 | Form | |
| 4 | Seavey, Thomas L | Direct | Sell | 8182025 | 10.70 | 2,698 | 28,878 | 567,580 | Form | |
| 5 | Seavey, Thomas L | Direct | Sell | 8182025 | 10.63 | 2,603 | 27,678 | 536,163 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.