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 Video: What is a Stock Split?
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| Hennessy Advisors, Inc. is an investment management company offering advisory services to 16 open-end mutual funds and one ETF, branded as Hennessy Funds. These include the Hennessy Cornerstone Growth Fund, Focus Fund, Mid Cap 30 Fund, Large Growth Fund, Value Fund, Total Return Fund, Equity and Income Fund, Balanced Fund, Energy Transition Fund, Midstream Fund, Gas Utility Fund, Japan Fund, Japan Small Cap Fund, Large Cap Financial Fund, Small Cap Financial Fund, and Technology Fund. The company also advises the Hennessy Stance ESG ETF and provides shareholder services to investors in these funds. According to our HNNA split history records, Hennessy Advisors has had 4 splits. | |
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Hennessy Advisors (HNNA) has 4 splits in our HNNA split history database. The first split for HNNA took place on March 08, 2006. This was a 3 for 2 split, meaning for each 2 shares of HNNA owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. HNNA's second split took place on March 08, 2007. This was a 3 for 2 split, meaning for each 2 shares of HNNA owned pre-split, the shareholder now owned 3 shares. For example, a 1500 share position pre-split, became a 2250 share position following the split. HNNA's third split took place on March 09, 2005. This was a 3 for 2 split, meaning for each 2 shares of HNNA owned pre-split, the shareholder now owned 3 shares. For example, a 2250 share position pre-split, became a 3375 share position following the split. HNNA's 4th split took place on March 07, 2017. This was a 3 for 2 split, meaning for each 2 shares of HNNA owned pre-split, the shareholder now owned 3 shares. For example, a 3375 share position pre-split, became a 5062.5 share position following the split.
When a company such as Hennessy Advisors splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the HNNA split history from start to finish, an original position size of 1000 shares would have turned into 5062.5 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Hennessy Advisors shares, starting with a $10,000 purchase of HNNA, presented on a split-history-adjusted basis factoring in the complete HNNA split history.
Growth of $10,000.00
With Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$14.33 |
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| End price/share: |
$12.63 |
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| Starting shares: |
697.84 |
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| Ending shares: |
1,070.40 |
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| Dividends reinvested/share: |
$4.35 |
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| Total return: |
35.19% |
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| Average Annual Total Return: |
3.06% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$13,516.54 |
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| Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
01/27/2015 |
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| End date: |
01/23/2025 |
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| Start price/share: |
$14.33 |
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| End price/share: |
$12.63 |
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| Dividends collected/share: |
$4.35 |
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| Total return: |
18.51% |
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| Average Annual Total Return: |
1.71% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$11,847.22 |
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| Years: |
10.00 |
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| Date |
Ratio |
| 03/08/2006 | 3 for 2 | | 03/08/2007 | 3 for 2 | | 03/09/2005 | 3 for 2 | | 03/07/2017 | 3 for 2 |
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