Hennessy Advisors, Inc. Repurchases Shares
Hennessy Advisors, Inc. (HNNA)
US:NASDAQ Investor Relations:
hennessyadvisors.com
Company Research
Source: PR Newswire
NOVATO, Calif., May 16, 2019 /PRNewswire/ -- Hennessy Advisors, Inc. (NASDAQ: HNNA) today repurchased 422,692 shares of its common stock at $9.50 per share in a privately negotiated transaction. This repurchase represents approximately 5.3% of shares outstanding and was made pursuant to the Company's 2010 stock buyback program."Our Board and senior management team strongly believe that the current stock price does not reflect the Company's financial strength or long-term growth potential, and as such, offers an outstanding value," said Neil Hennessy, Chairman and CEO of Hennessy Advisors, Inc. "We have grown and maintain a very healthy cash position on our balance sheet, and we believe this repurchase is a strong strategic use of a portion of available cash. We also believe the repurchase illustrates our confidence in the underlying strength of our business and our long-standing commitment to delivering shareholder value."About Hennessy Advisors, Inc.Hennessy Advisors, Inc. is a publi
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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