HENNESSY ADVISORS INC (HNNA) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: May 06, 2026

Risk Assessment Details

Potential Dilution: 31.09% of current shares
Recent Dilution: 2.81% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
7.9M
Potential Supply
2.5M
Additional shares possible
Splits
None
Past 2 years

Summary

HNNA currently has 7.9M outstanding shares. with moderate dilution risk from 2.46M authorized shares representing 31.1% potential dilution. The company has minimally diluted shareholders by 2.81% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 06, 2026

10-Q filing | 7.9M shares outstanding

7.9M 2.5M
Aug 06, 2025

10-Q filing | 7.8M shares outstanding

7.8M 2.6M
May 07, 2025

10-Q filing | 7.8M shares outstanding

7.8M 2.6M
Feb 13, 2025

10-Q filing | 7.8M shares outstanding

7.8M 2.6M
Dec 11, 2024

10-K filing | 7.7M shares outstanding

7.7M 2.6M
Aug 08, 2024

10-Q filing | 7.7M shares outstanding

7.7M 2.7M
May 08, 2024

10-Q filing | 7.7M shares outstanding

7.7M 2.7M
Feb 08, 2024

10-Q filing | 7.7M shares outstanding

7.7M 2.7M
Dec 08, 2023

S-3 filing: The company is offering common stock to participants in their Dividend Reinvestment and Stock Purchase Plan, potentially issuing up to 1,530,000 shares.

7.7M 2.7M
Dec 07, 2023

10-K filing | 7.6M shares outstanding

7.6M 1.2M
Aug 02, 2023

10-Q filing | 7.6M shares outstanding

7.6M 1.2M
May 10, 2023

10-Q filing | 7.6M shares outstanding

7.6M 1.2M
Feb 09, 2023

10-Q filing | 7.6M shares outstanding

7.6M 1.3M
Dec 07, 2022

10-K filing | 7.6M shares outstanding

7.6M 1.3M
Aug 03, 2022

8-K filing: The company's Board of Directors approved increasing the number of shares that may be repurchased under its stock buyback program to a total of 2,000,000 shares of the company's common stock, which represents an increase of 500,000 shares.

7.5M 1.3M
Aug 03, 2022

10-Q filing | 7.5M shares outstanding

7.5M 1.3M
May 11, 2022

10-Q filing | 7.5M shares outstanding

7.5M 1.3M
Feb 10, 2022

10-Q filing | 7.5M shares outstanding

7.5M 1.3M
Nov 24, 2021

10-K filing | 7.4M shares outstanding

7.4M 1.5M
Oct 12, 2021

S-1/A filing: Hennessy Advisors, Inc. is offering $35,000,000 in aggregate principal amount of notes due 2026.

7.4M 1.5M
Sep 23, 2021

S-1 filing: Hennessy Advisors, Inc. is offering notes due 2026.

7.4M 1.5M
Aug 04, 2021

10-Q filing | 7.4M shares outstanding

7.4M 1.5M
May 12, 2021

10-Q filing | 7.4M shares outstanding

7.4M 1.5M
Feb 11, 2021

10-Q filing | 7.4M shares outstanding

7.4M 1.5M
Dec 22, 2020

S-3/A filing: The filing is for 1,470,000 shares of common stock offered to participants in the Dividend Reinvestment and Stock Purchase Plan.

7.4M 1.5M
Dec 08, 2020

S-3 filing: This is an S-3 filing for 1,470,000 shares of common stock offered through a Dividend Reinvestment and Stock Purchase Plan.

7.4M 1.5M
Dec 01, 2020

10-K filing | 7.4M shares outstanding

7.4M 0
Aug 06, 2020

10-Q filing | 7.3M shares outstanding

7.3M 0
May 14, 2020

10-Q filing | 7.4M shares outstanding

7.4M 0
Feb 11, 2020

10-Q filing | 7.5M shares outstanding

7.5M 0
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