MutualFundWire.com: Hennessy's Earnings and AUM Climb
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Friday, August 6, 2010

Hennessy's Earnings and AUM Climb


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).


Printed from: MFWire.com/story.asp?s=33055

Copyright 2010, InvestmentWires, Inc.
All Rights Reserved
Back to Top