Hennessy Advisors [see profile] had a good quarter compared to last year. Yesterday the Novato, California-based mutual fund firm revealed third quarter (Hennessy's Q3 went from April 1 to June 30) fully diluted earnings per share of $0.05, up from $0.00 in Q3 2009. Its assets under management also rose, from $775 million on June 30, 2009 to $813 million on June 30, 2010.

Yesterday Hennessy also revealed plans to buy back up to one million shares of its own stock (priced at $2.65 per share as of market close yesterday). 

Edited by: Neil Anderson, Managing Editor


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