Hennessy Advisors: A Cheap Bet On The Rebound Of Active Management [Seeking Alpha]
Hennessy Advisors, Inc. (HNNA)
US:NASDAQ Investor Relations:
hennessyadvisors.com
Company Research
Source: Seeking Alpha
Summary As market valuations rise, most tradtional fundamental investment strategies have delivered negative alpha to the S&P 500. This has caused many mutual fund managers to see outflows to simple passive like SPY. One mutual fund manager, Hennessy Advisors, has seen its total AUM decline considerably over the past few years due to underperformance of its mutual funds. Hennessy Advisors has a very low valuation with a P/E of 7.6X and an EV/EBIT of 4.5X, making it a very cheap stock if its revenue trend can shift. As the business cycle draws to a close, it is likely that active outperformance will return and renew Hennessy Advisors' revenue growth, catalyzing a rebound for the stock. Hennessy Advisors ( HNNA The stock is cheap with a P/E of about 7.6X and essentially no debt, giving it an incredibly low EV/EBIT of 4.5X. While this may seem like a major buying signal, there is a reason why the company is so cheap. Its revenue has declined considerably in recent years due to a drop in
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Sec Filings
- 10/30/24 - Form 8-K
- 10/16/24 - Form 13F-HR
- 9/30/24 - Form 4
- HNNA's page on the SEC website