HNNA Hennessy Advisors, Inc.

XNAS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

HNNA — —
Key stats
About
Industry (SIC)
INVESTMENT ADVICE (6282)
Exchange
XNAS
Market Cap
$0.1B

Hennessy Advisors Inc is an investment management company that manages and markets open-end mutual funds branded as the Hennessy Funds. It offers domestic equity, multi-asset sectors, specialty products, and fixed income products. The company earns revenues mainly from investment advisory services and secondarily from shareholder services. Advisory services include managing each fund's portfolio in line with its investment objectives, monitoring compliance and performance, overseeing sub-advisors and other service providers, and handling marketing, distribution, and regulatory reporting. Share…

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +1.25% 12
Feb -3.65% 12
Mar -5.44% 12
Apr +3.49% 13
May +0.66% 13
Jun +0.80% 13
Jul +1.48% 13
Aug +3.11% 13
Sep -0.89% 13
Oct -0.29% 12
Nov +3.67% 12
Dec -2.37% 12
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $10.26
SMA 50: $10.07
SMA 200: $9.97
Current: $10.10
EMA 12: $10.22
EMA 26: $10.19
MACD: 0.0271 | Signal: -0.0377
BULLISH
ADX (14): 27.86
TREND
+DI: 26.18
−DI: 14.26

Momentum Oscillators

RSI (14): 46.21
NEUTRAL
Stoch %K: 14.40
Stoch %D: 15.80
Williams %R: -78.05

Volume & Volatility

BB Upper: $10.50
BB Lower: $10.03
NEUTRAL
OBV: -302,073
Vol SMA 20: 8,466
Vol ROC: 135.23%
ATR: $0.25
True Range: $0.58
HV 20: 18.5%
HV 30: 16.5%
HV 60: 15.3%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-09-30T00:00:00 – 2026-09-29T00:00:00
AI Analysis

LLM Stock Analysis Report: HNNA

Executive Summary

Overall Assessment: NEUTRAL (Confidence Level: 6/10)

Key Drivers:

  • Strong earnings reports and dividend announcements have driven price higher
  • Low volatility indicates reduced risk, but beta suggests potential for some market correlation

Primary Risks:

  • Dependence on positive earnings trends and dividend payments
  • Potential for increased competition or regulatory changes affecting the company's niche

Investment Thesis: HNNA presents a relatively stable investment opportunity with a strong track record of earnings growth and consistent dividend payouts. The stock's low volatility suggests reduced risk, but its beta indicates some potential market correlation.

Recent News Sentiment Impact: NEUTRAL (aligned with overall assessment)

Technical Analysis

Trend Direction:

  • Short-term: NEUTRAL (range-bound)
  • Medium-term: BULLISH (trending higher)
  • Long-term: BEARISH (wedge formation suggesting potential reversal)

Support/Resistance Levels:

  • Key resistance levels: $10.28, $10.50
  • Key support levels: $9.78, $9.95

Momentum Signals: RSI (14): 57.59 (NEUTRAL) MACD: Bullish crossover above signal line Bollinger Bands: Neutral, with price trending inside the bands

Volume Analysis:

  • Volume SMA 20: Increasing trend suggests growing institutional interest
  • On-Balance Volume (OBV): Decreasing trend indicates decreasing volume support for price gains
  • Volume Rate of Change: 126.04% suggests high volume momentum

News & Sentiment Analysis

Recent Headlines Summary:

  • Earnings reports and dividend announcements have driven positive sentiment
  • Recent news has been largely neutral, with no significant market-moving events

Sentiment Assessment: NEUTRAL (aligned with overall assessment)

Catalyst Identification:

  • Upcoming earnings release may drive price movement
  • No other notable catalysts or regulatory changes on the horizon

Market Narrative: News headlines and technical signals align generally, supporting a neutral outlook.

Risk & Volatility Assessment

Risk Interpretation: Low volatility indicates reduced risk (beta 0.21)

Volatility Regime: Current vs historical volatility levels suggest low volatility

Options Market Signals:

  • IV rank: N/A
  • Put/call ratios: N/A
  • Unusual activity: N/A

Downside Protection: Support levels and risk management considerations will be crucial in navigating potential market downturns.

Market Context & Positioning

Sector Performance:

  • Relative strength vs sector/market: Neutral (HNNA tracking the broader market)

Institutional Activity:

  • Volume patterns suggesting institutional interest: Increasing trend suggests growing support

Correlation Analysis:

  • How stock moves relative to market (R-squared interpretation): 0.10 indicates low correlation

Relative Valuation: Position within trading range, with some room for further price appreciation.

Key Levels & Action Items

Critical Price Levels:

  • Support/resistance levels: $9.78, $9.95; $10.28, $10.50

Breakout/Breakdown Levels:

  • Technical levels that could trigger significant moves: N/A (neutral)

Time-Sensitive Catalysts:

  • Earnings release date: [TBD]
  • No other notable catalysts or regulatory changes on the horizon

Risk Management: Stop-loss levels and position sizing considerations will be crucial in navigating potential market downturns.

Analysis Guidelines Followed

Data Interpretation guidelines were followed throughout this report.

Generated
News
Options Activity
Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.25
Correlation (SPY)
12.4%
R²
0.02
Ann. Volatility
26.3%
SPY Volatility
13.0%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Institutional Ownership (13F)
Latest filings — 2026-06-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

31 filers1,432,675 shares$14.40M value
# Filer Shares Value % of Total % of Float Period
1 VANGUARD GROUP INC Custodian 255,140 $2.45M 17.01% — 2025-12-31
2 VANGUARD CAPITAL MANAGEMENT LLC 238,662 $2.42M 16.82% — 2026-06-30
3 Truffle Hound Capital, LLC 200,000 $2.03M 14.10% — 2026-06-30
4 AEGIS FINANCIAL CORP 170,768 $1.73M 12.04% — 2026-06-30
5 RENAISSANCE TECHNOLOGIES LLC 97,688 $991.53K 6.88% — 2026-06-30
6 Allworth Financial LP Custodian 81,380 $826.01K 5.74% — 2026-06-30
7 Perigon Wealth Management, LLC 63,798 $647.55K 4.50% — 2026-06-30
8 GEODE CAPITAL MANAGEMENT, LLC Custodian 58,540 $594.33K 4.13% — 2026-06-30
9 DIMENSIONAL FUND ADVISORS LP Custodian 53,469 $542.71K 3.77% — 2026-06-30
10 VANGUARD FIDUCIARY TRUST CO 27,585 $279.99K 1.94% — 2026-06-30
11 BRIDGEWAY CAPITAL MANAGEMENT, LLC 23,551 $239.04K 1.66% — 2026-06-30
12 SUSQUEHANNA INTERNATIONAL GROUP, LLP Custodian 21,611 $219.35K 1.52% — 2026-06-30
13 Concurrent Investment Advisors, LLC 21,396 $217.16K 1.51% — 2026-06-30
14 BlackRock, Inc. Custodian 19,776 $200.73K 1.39% — 2026-06-30
15 Empowered Funds, LLC Custodian 16,551 $167.99K 1.17% — 2026-06-30
16 BANK OF AMERICA CORP /DE/ Custodian 15,213 $154.41K 1.07% — 2026-06-30
17 NORTHERN TRUST CORP Custodian 14,999 $152.24K 1.06% — 2026-06-30
18 Quinn Opportunity Partners LLC 14,917 $151.41K 1.05% — 2026-06-30
19 CITADEL ADVISORS LLC Custodian 12,980 $131.75K 0.91% — 2026-06-30
20 Net Worth Advisory Group 12,173 $123.55K 0.86% — 2026-06-30
21 Cambridge Investment Research Advisors, Inc. 10,062 $102.00K 0.71% — 2026-06-30
22 JONES FINANCIAL COMPANIES LLLP Custodian 1,347 $13.90K 0.10% — 2026-06-30
23 CALDWELL SUTTER CAPITAL, INC. 505 $5.13K 0.04% — 2026-06-30
24 MassMutual Private Wealth & Trust, FSB 500 $5.08K 0.04% — 2026-06-30
25 Capital Advisors, Ltd. LLC 54 $1.00K <0.01% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period
Insider Activity
Latest: 2026-09-28
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-28 THOMAS L SEAVEY Director Sell (S) −1,875 $10.15 -$19.0K EDGAR
2026-09-25 DANIEL B STEADMAN Executive VP Sell (S) −5,000 $10.26 -$51.3K EDGAR
2026-09-22 Kiera Newton Director Award (A) +5,600 — EDGAR
2026-09-22 THOMAS L SEAVEY Director Award (A) +5,600 — EDGAR
2026-09-22 NEIL J HENNESSY CEO Mixed +10,179 $10.38 -$98.8K EDGAR
2026-09-22 HENRY HANSEL Director Award (A) +5,600 — EDGAR
2026-09-22 BRIAN A HENNESSY Director Award (A) +5,600 — EDGAR
2026-09-22 Susan Weber Pomilia Director Award (A) +5,600 — EDGAR
2026-09-22 ORiordan Lydia D Knight Director Award (A) +5,600 — EDGAR
2026-09-22 DANIEL B STEADMAN Executive VP Mixed +6,194 $10.38 -$33.3K EDGAR
2026-09-22 DANIEL G LIBARLE Award (A) +2,800 — EDGAR
2026-09-22 TERESA M NILSEN President, COO and Secretary Mixed +10,179 $10.38 -$98.8K EDGAR
2026-09-22 Kathryn Fahy SVP and CFO Mixed +8,242 $10.38 -$44.2K EDGAR
2026-09-16 Kiera Newton Director Sell (S) −792 $10.34 -$8.2K EDGAR
2021-10-01 NEIL J HENNESSY CEO Tax (F) −1,951 $9.62 -$18.8K EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
Insider Holdings
13 insiders · @ $10.10
Officers, directors, and 10%+ owners ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 NEIL J HENNESSY CEO 2,085,873 $21.07M -$1.03M 56 2026-09-22
2 BRIAN A HENNESSY Director 257,315 $2.60M -$106.2K 36 2026-09-22
3 HENRY HANSEL Director 225,725 $2.28M $0 15 2026-09-22
4 DANIEL G LIBARLE Director 172,918 $1.75M -$408.0K 26 2026-09-22
5 TERESA M NILSEN President, COO and Secretary 172,040 $1.74M -$807.3K 56 2026-09-22
6 Susan Weber Pomilia Director 123,106 $1.24M $51.0K 12 2026-09-22
7 RODGER OFFENBACH Director 121,058 $1.22M -$307.9K 22 2021-09-20
8 Kathryn Fahy SVP and CFO 89,993 $908.9K $0 18 2026-09-22
9 THOMAS L SEAVEY Director 61,629 $622.5K -$753.6K 27 2026-09-22
10 DANIEL B STEADMAN Executive VP 40,018 $404.2K -$952.6K 66 2026-09-25
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
Notice of Proposed Sale (Form 144)
Latest: 2026-09-24
Last 30d: 1 filing · $51K notice value  ·  Last 90d: 1 filing · $51K notice value · 1 unique filer

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. Amendments (Form 144/A) and post-cancellation refilings can inflate this if you sum naively; the rollup above excludes filings with zero stated value.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: STEADMAN DANIEL B (1, $51K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-09-24 STEADMAN DANIEL B Officer 5,000 $50.8K 2026-09-24 Fidelity Brokerage Services LLc — EDGAR
2026-05-11 Fahy Kathryn Officer 10,000 $101.6K 2026-05-11 Charles Schwab Corp. — EDGAR
2025-08-15 SEAVEY THOMAS L Director 2,603 $27.7K 2025-08-15 Wells Fargo Clearing Services — EDGAR
2025-08-14 SEAVEY THOMAS L Director 2,693 $28.8K 2025-08-14 Wells Fargo Clearing Services — EDGAR
2025-08-13 SEAVEY THOMAS L Director 7,704 $82.5K 2025-08-13 Wells Fargo Clearing Services — EDGAR
2025-08-12 SEAVEY THOMAS L Director 7,000 $75.9K 2025-08-12 Wells Fargo Clearing Services — EDGAR
2025-05-13 Fahy Kathryn Officer 10,000 $108.0K 2025-05-13 Charles Schwab Corporation — EDGAR
2025-03-18 NILSEN TERESA M Member of immediate family of any of the foregoing 19,860 $209.7K 2025-03-18 Charles Schwab Corporation — EDGAR
2025-02-27 Fahy Kathryn Officer 8,000 $88.0K 2025-02-27 Charles Schwab Corporation — EDGAR
2024-12-19 SEAVEY THOMAS L Director 11,074 $126.6K 2024-12-19 Wells Fargo Clearing Services — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed.
ETF Holders
# ETF Provider Weight $ Exposure ETF AUM As Of
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.