Stock Ratings / Financials / HNNA / options

DTF (51) SAMG (72) BVC (44) GGZ (57) ⌘ Pro Terminal →

Hennessy Advisors Inc. (HNNA) Options Positioning, Max Pain & Unusual Sweeps

$10.19 0.00% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $10.21

Hennessy Advisors Inc. (HNNA) earns a Roarable Rating of B+ (Buy) with 80/100 RQD Confidence. High-quality cash engine (steady margins, 39% return on capital) with steady institutional support. The company’s underlying cash engine and institutional positioning keep the composite score in the Green Buy zone.

📊 Historical Track Record: Scores of 80/100 (B+) historically ranked in the Top 9% of excess returns over the next 90 days (+8.2% avg 90D alpha vs SPY • 71.3% hit rate) →

ROARABLE B+ • BUY Cap $80.5M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

⚡ INSTANT AI QUANT PREVIEW • $0 FREE TIER Click Any Pre-Computed AI Quant Specialist Briefing on HNNA Below — or Connect Your Own ChatGPT / Claude

🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is HNNA stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

▼

As of 2026-11-01, Hennessy Advisors Inc. (NASDAQ: HNNA) is rated B+ (Buy / BUY) by Roarable's 5-pillar RQD engine with a composite confidence score of 80/100 at a spot price of $10.19 (0.00% 1D, market cap $80.5M). Pillar breakdown: Fundamental Cash Engine 19/20, Institutional 13F & Options Flow 9/20, Executive Insider Alignment 15/20, FRED Macro Regime Fit 18/20, and SEC Balance-Sheet Forensics 19/20. Across 1096 tracked Financials issuers, HNNA ranks #9 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief

🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does HNNA compare to DTF and SAMG in the Financials sector?

▼

Within the Financials sector (Investment Managers), HNNA carries a Roarable B+ (80/100 RQD), trailing P/E of 8.1x, gross margin of —, and ROIC of 38.5%. By comparison, DTF (DTF Tax-Free Income 2028 Term Fund Inc.) holds a D grade (51/100 RQD, P/E N/A, ROIC —, cap $80.6M) and SAMG (Silvercrest Asset Management Group Inc. (Class A)) posts a B grade (72/100 RQD, P/E 15.2x, ROIC 85.0%, cap $122.6M). Among the 5-stock peer group, HNNA leads on earnings multiple (8.1x) while SAMG leads on capital efficiency (85.0% ROIC).

✓ Pre-computed one-to-many AI Quant brief

🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for HNNA?

▼

Per HNNA's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-09-30, CIK 0001145255), Hennessy Advisors Inc. generated $35.5M in revenue (+19.9% YoY), $10.0M in net income, and $13.4M in free cash flow against $159.6M in total assets and $0 in total debt. Key quantitative strengths: Strong cash generator (steady margins)—profits are backed by real money, not accounting tricks.. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run.. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief

🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

EXT / AFTER-HRS: $10.21 (+0.24%)🧬 Cannibal Buyback (-3.20% YoY Shares)⚙️ Cash Engine: 19/20 (A+) • 37.6% FCF Margin

Verify 90D Bucket Audit →

📊 Historical Track Record: Scores of 80/100 (B+) historically ranked in the Top 9% of excess returns over the next 90 days (+8.2% avg 90D alpha vs SPY • 71.3% hit rate).

Audit Bucket Track Record →

RQD QUANT TACHOMETERBUY • B+

3-of-3 JEV AI Jury Bullish

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw B+ · Rk A-

Each axis scored 0–20

12M PRICE TARGET CONE+9.9% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for HNNA)Realized 20D OHLCV Swing Band: ±4.8%

Deterministic 5-Pillar Attribution (80/100 Composite)

🔍 WHY HNNA SCORES 80/100 (B+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag

▲ #1 Bullish Driver: Cash Engine Quality+19/20 pts (24% of score)

SEC XBRL FY 2025 (10-K): 37.6% FCF Margin ($13.4M FCF) & 52% Gross Margin

▲ #2 Bullish Driver: Insider Conviction & Share Dilution+19/20 pts (24% of score)

SEC Form 4 / 13F Thermometer: 86% Net Buy • Cannibal Buyback (-3.20% YoY Shares)

▼ #1 Drag / Risk Factor: Whale & Options Positioning9/20 pts (-11 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-11 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current

Q1 (-3Q)

Grade B$10.19+0.6% Next Q

Q2 (-2Q)

Grade B+$10.25-0.7% Next Q

Q3 (-1Q)

Grade B+$10.18+0.1% Next Q

Current

Grade B+$10.19+8.2% Hist 90D α

Trajectory: B (72) → B+ (80)Full Audit →

⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the HNNA Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 80/100 (B+) score, HNNA faces multiple-compression risk if 8.1x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-3.20% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($10.22) or 200D SMA ($10.04) invalidates the momentum regime and cuts Target Base ($11.20) toward Bear Floor ($8.36).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $HNNA• $2.4M Crowd Pool • Kalshi / Polymarket Composite

Contract: “HNNA Beats Next Quarter EPS Consensus (Dec 29, 2026) & Holds Above 200D SMA”

YES 80%NO 20%Trade / Inspect Odds →

CALL VS. PUT WHALE SHARE

— (No Active Options Snapshot)

Put/Call Ratio: — (No Active Options Snapshot)

MAX-PAIN EXPIRATION MAGNET

— (No Active Options Snapshot)

No active options chain max-pain snapshot on file

HISTORICAL 20D VOLATILITY SWING

±4.8%

Derived from 20D OHLCV bars (No Active Options Snapshot)

Active Strike Call vs. Put Concentration Ladder (HNNA)

— (No Active Options Snapshot) — No unusual CBOE strike concentration anomalies recorded in the current database snapshot for HNNA.

Sponsored / Partner SpotlightACTIVE TRADER & PROP EVALUATION DESK

Practice in Our Weekly $100,000 Paper Arena Before Risking Personal Capital

Keep your personal nest egg in cash while trading NQ, ES, Crude, and Gold momentum using institutional prop-desk buying power.

FTC Disclosure: Roarable may receive partner referral compensation at no cost to you. Partner relationships never influence RQD scores.

🏆 Enter Free $100K Paper Arena →

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher + Options & Swing Structure Desk

Whale Flow & Momentum Playbook: Evaluating HNNA & AI Leaders Without Chasing Tops

✓Institutional whale strikes & implied earnings move audit on HNNA
✓How disciplined traders manage risk using pre-published trigger & invalidation levels
✓Includes nightly RQD rating-change & forensic signal email alerts on tracked leaders

RQD INSIDER CLUB WAITLIST$49/YR PLANNED

Want Custom AI PineScript / Python Indicators & Priority Rating-Change Alerts?

Join Founding VIP Waitlist (No Card Required) →$100K Arena

HNNA // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +1.90%▲ ASCENDING CHANNEL

2026-10-30O $10.55H $10.55L $10.19C $10.19VOL 3.5K

RES: $10.99SUP: $10.00SMA50: $10.22SMA200: $10.04

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

HNNA Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 HNNA Butterfly Map → + Track HNNA →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

-5.2%/yr Implied 5Y Growth

vs. +19.9% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on HNNA today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for HNNA. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for HNNA today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (HNNA)

Financials Rank #9 of 1096 ⚔️ DTF vs HNNA Full Matrix →

1. Head-to-Head Financials Peer Comparison (HNNA vs. DTF, SAMG, BVC, GGZ)

Industry: Investment Managers (79 Tracked Issuers)

Across 1096 tracked Financials securities in the Roarable RQD universe, Hennessy Advisors Inc. (HNNA) ranks #9 by composite RQD confidence (80/100, grade B+) and #988 by equity capitalization ($80.5M). Within this direct 5-issuer industry benchmark cohort, HNNA leads on earnings valuation at 8.1x trailing P/E, while SAMG leads on capital efficiency and profitability with 85.0% ROIC and — gross margin. HNNA currently leads its immediate peer cohort in composite quantitative strength at 80/100 (B+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
HNNA ACTIVE Hennessy Advisors Inc.	B+	80/100	8.1x	—	38.5%	0.00%	$80.5M	Benchmark Subject
DTF DTF Tax-Free Income 2028 Term Fund Inc.	D	51/100	—	—	—	+0.53%	$80.6M	/dtf-vs-hnna →
SAMG Silvercrest Asset Management Group Inc. (Class A)	B	72/100	15.2x	—	85.0%	-0.86%	$122.6M	/samg-vs-hnna →
BVC BitVentures Limited	D	44/100	—	—	—	+1.65%	$125.4M	/bvc-vs-hnna →
GGZ Gabelli Global Small and Mid Cap Value Trust of	D+	57/100	—	—	—	+0.10%	$133.0M	/ggz-vs-hnna →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-09-30 • CIK 0001145255

In its most recent audited fiscal period (FY2025, filed 2025-09-30), Hennessy Advisors Inc. (HNNA) reported GAAP revenue of $35.5M (+19.9% vs. FY2024 revenue of $29.6M , and +48.0% cumulative change since FY2023) , GAAP net income of $10.0M, operating cash flow of $13.8M, and free cash flow of $13.4M (+49.0% YoY). On the balance sheet, HNNA closed FY2025 with $159.6M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 8/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-09-30	$35.5M	$10.0M	$13.8M	$13.4M	$159.6M	—
FY2024 (FY)	2024-09-30	$29.6M	$7.1M	$9.3M	$9.0M	$153.3M	—
FY2023 (FY)	2023-09-30	$24.0M	$4.8M	$7.1M	$7.1M	—	—

3. HNNA Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is HNNA stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

How does HNNA compare to DTF and SAMG in the Financials sector?

What are the biggest fundamental strengths and SEC risk factors for HNNA?

Where is HNNA trading relative to its 50-day, 200-day, and 52-week technical levels?

HNNA last traded at $10.19 (0.00% on volume of 3,306 shares), positioning the stock -0.29% below its 50-day simple moving average ($10.22) and +1.49% above its 200-day simple moving average ($10.04). Across its 52-week range of $9.20 to $10.87, HNNA sits at the 59.3% percentile with a 14-day RSI of 50.7 (NEUTRAL RANGE) and an implied next-earnings move of ±4.8% ($9.70 to $10.68).

HNNA Investor FAQ & Complete 8-Part Research Index

100% OPEN ACCESS • SEC EDGAR × CBOE × FRED

What is HNNA's options positioning and volatility profile?

Roarable tracks verified CBOE unusual options sweeps, put/call ratios, and OHLCV realized volatility bands for HNNA.

Direct Sub-Reports: HNNA RQD Cockpit HNNA 12M Forecast HNNA Earnings & Move HNNA Dividends & DRIP HNNA Insiders & 13F HNNA Whale Options HNNA Profit Sankey HNNA News & Why