Hennessy Advisors, Inc. Reports Earnings Results for the First Quarter Ended December 31, 2017
January 26, 2018 at 02:46 am IST
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Hennessy Advisors, Inc. reported earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported total revenue of $13,812,840, net income of $8,186,684 or $1.04 per diluted share against total revenue of $13,294,072, net income of $3,995,598 or $0.52 per diluted share a year ago. Mutual fund average assets under management of $6,756,849,836 compared to $6,539,432,471 a year ago.
Hennessy Advisors, Inc. is an investment management company. The Company provides investment advisory services to 16 open-end mutual funds and one exchange-traded fund (ETF) branded as the Hennessy Funds. The Company serves as the investment advisor to all classes of the Hennessy Cornerstone Growth Fund, the Hennessy Focus Fund, the Hennessy Cornerstone Mid Cap 30 Fund, the Hennessy Cornerstone Large Growth Fund, the Hennessy Cornerstone Value Fund, the Hennessy Total Return Fund, the Hennessy Equity and Income Fund, the Hennessy Balanced Fund, the Hennessy Energy Transition Fund, the Hennessy Midstream Fund, the Hennessy Gas Utility Fund, the Hennessy Japan Fund, the Hennessy Japan Small Cap Fund, the Hennessy Large Cap Financial Fund, the Hennessy Small Cap Financial Fund, and the Hennessy Technology Fund (collectively, the Hennessy Mutual Funds), as well as to the Hennessy Stance ESG ETF. The Company also provides shareholder services to investors in the Hennessy Mutual Funds.
HENNESSY ADVISORS, INC. 
