Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
SYS-CON.TV
Today's Top SOA Links


Hennessy Advisors, Inc. Reports First Quarter Earnings Increase of 333% and Announces Quarterly Dividend

NOVATO, Calif., Jan. 17, 2013 /PRNewswire/ -- Hennessy Advisors, Inc. (OTCBB: HNNA) today reported fully diluted earnings per share of $0.13 for the first quarter ended December 31, 2012, an increase of 333% over the previous period ended December 31, 2011.  Total assets under management increased 287% to over $3 billion, and average assets increased by 216%, producing a corresponding increase in revenue, net income and earnings per share versus the prior comparable period.  

The Board of Directors of Hennessy Advisors, Inc. today also declared a quarterly dividend of $0.03125 per share to be paid on February 25, 2013 to shareholders of record as of February 1, 2013.  Based on the Hennessy Advisors, Inc. stock price at the close of business on January 17, 2013 of $5.44 per share, this dividend, when annualized, represents a 2.3% yield.

"Financial performance for the first quarter was clearly impacted by the purchase of the assets related to the management contracts of the FBR Funds, which took place on October 26, 2012.  We are excited to now manage over $3 billion in assets and offer shareholders a broader and more diversified lineup of mutual fund products," said Neil Hennessy, President, Chairman and CEO of Hennessy Advisors, Inc. "We remain committed to our long-range business model and to our core value that our shareholders always come first. We will continue to focus on growing our mutual fund assets through marketing and sales, and to diligently search for strategic asset purchases," Hennessy noted.

"Corporate America is strong, as evidenced by the positive returns in the financial markets in 2012, and I believe that investors may finally be recognizing the strong fundamentals present in today's equity market. I am optimistic that as investors return to mutual funds, this will translate into continued profitability for our shareholders and our firm," added Mr. Hennessy.

Hennessy Advisors, Inc.

Financial Highlights

Period to Period











Three Months Ended 



First Quarter


Dec. 31, 2012

Dec. 31, 2011

$ Change

% Change

Total Revenue


$          4,703,012

$         1,716,910

$          2,986,102

173.9%

Net Income 


$             767,995

$            152,267

$             615,728

404.4%

Earnings per share (diluted)

$                   0.13

$                  0.03

$                   0.10

333.3%

Weighted Average number of





shares outstanding (diluted)

5,705,781

5,713,006

(7,225)

-0.1%

Mutual Fund Average Assets 





Under Management


$  2,458,220,685

$     777,066,606

$  1,681,154,079

216.3%








At Period Ending Date


Dec. 31, 2012

Dec. 31, 2011

$ Change

% Change

Mutual Fund Total Assets





Under Management


$  3,024,068,111

$     780,950,415

$  2,243,117,696

287.2%

Retained Earnings


$       16,335,637

$       15,469,142

$            866,495

5.6%








About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is the publicly traded investment manager of the Hennessy Funds. Hennessy offers a broad range of domestic equity, sector and specialty, and balanced and fixed income products. Hennessy employs a consistent and repeatable investment process, combining time-tested stock selection strategies with a highly disciplined, team-managed approach.

Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction.

Available Topic Expert: For information on the listed expert, click appropriate link.
Neil J. Hennessey
https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=100270

SOURCE Hennessy Advisors, Inc.

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Web 2.0 Latest News
You are a hobbyist; curious student or a developer-entrepreneur then you must get this kit to jump start your IoT development. This is still in Beta but it has everything you need in terms of hardware, software, tools and forums to guide you through. IoT dev kit is a subset of In...
In recurring revenue models, maximizing customer lifetime value (CLV) is achieved through establishing a lifetime of customer interaction points as each provides an opportunity to win revenue and loyalty. While the previous two posts in this CLV miniseries focused on the definition of ...
Hortonworks went through an IPO last Friday, December 12, 2014. It’s initial price of $16 soared by 60% immediately after. Today the stock price is $24.70 with a market cap of $1.02B. Another billion dollar club member. They compete with Cloudera and MapR in packaging the open source H...
When a CIO or a CTO thinks of the applications they support it is almost always in terms of a "portfolio" When a research company named Gleanster poll executives about agile data management they discovered an interesting trend. Companies are reporting an increase in portfolio sizes wi...
The steadily increasing frequency of data breach occurrences in 2014 has been both astounding and worrisome. From Target and Neiman Marcus to Michaels, Chick-fil-A and Home Depot, fraudsters are leaving no stone unturned, and the millions of customers unlucky enough to use infected poi...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021




SYS-CON Featured Whitepapers
ADS BY GOOGLE