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Hennessy Advisors posts 1Q profit

NOVATO, Calif. (AP) _ Hennessy Advisors Inc. (HNNA) on Thursday reported fiscal first-quarter profit of $3.8 million.

On a per-share basis, the Novato, California-based company said it had net income of 74 cents.

The investment manager posted revenue of $13.3 million in the period.

Hennessy Advisors shares have dropped 7 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $29.50, a rise of 9.5 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HNNA at https://www.zacks.com/ap/HNNA

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Keywords: Hennessy Advisors, Earnings Report