Hennessy Advisors (HNNA) vs RiverNorth Flexible Municipal Income Fund (RFM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Hennessy Advisors (HNNA) has outperformed RiverNorth Flexible Municipal Income Fund (RFM) over the past year, losing 2.5% versus a loss of 9.5%. Over five years, HNNA leads with a -2.0% price change compared with -44.9% for RFM. Hennessy Advisors is the larger company by market cap ($80.5 million vs $79.6 million), about 1.0 times the size.
On valuation, RiverNorth Flexible Municipal Income Fund trades at a lower trailing P/E (7.3x vs 9.7x for Hennessy Advisors). Hennessy Advisors pays a dividend yielding 5.67%, while RiverNorth Flexible Municipal Income Fund does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HNNA | RFM |
|---|---|---|
| Share price | $10.19 | $13.02 |
| Market cap | $80.55M | $79.61M |
| 1-day change | -0.20% | +1.64% |
| YTD return | +6.15% | -6.80% |
| 1-year return | -2.49% | -9.46% |
| 5-year return | -2.02% | -44.92% |
| P/E ratio (TTM) | 9.70 | 7.31 |
| Forward P/E | 8.15 | — |
| EPS (TTM) | $1.05 | $1.78 |
| Dividend yield | 5.67% | 8.12% |
| Annual dividend | $0.578 | $0.00 |
| 52-week high | $11.02 | $15.03 |
| 52-week low | $8.90 | $12.52 |
| Distance from 52-week high | -7.53% | -13.37% |
| Average volume | 6.91K | 16.73K |
| Shares outstanding | 7.90M | 6.11M |
| Employees | 17 | — |
| Sector | Finance | Finance |
| Industry | Investment Managers | Finance/Investors Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Hennessy Advisors trades at a higher earnings multiple (9.7x vs 7.3x trailing P/E).
- RiverNorth Flexible Municipal Income Fund offers a meaningfully higher dividend yield (8.12% vs 5.67%).
About Hennessy Advisors
HNNA stock →Hennessy Advisors, Inc. is an publicly owned investment manager.
Finance · Investment Managers · 17 employees
HNNA vs RFM FAQ
Which is bigger, Hennessy Advisors or RiverNorth Flexible Municipal Income Fund?
Hennessy Advisors (HNNA) is larger, with a market capitalization of $80.55M compared with $79.61M for RiverNorth Flexible Municipal Income Fund (RFM).
Which stock has performed better over the past year, HNNA or RFM?
HNNA returned -2.49% over the past 12 months, compared with -9.46% for RFM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HNNA or RFM?
RFM has the lower trailing P/E at 7.3, versus 9.7 for HNNA. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Hennessy Advisors or RiverNorth Flexible Municipal Income Fund?
RiverNorth Flexible Municipal Income Fund has the higher yield at 8.12%, compared with 5.67% for Hennessy Advisors.
Are Hennessy Advisors and RiverNorth Flexible Municipal Income Fund in the same industry?
Both are in the Finance sector, but in different industries: Investment Managers for Hennessy Advisors and Finance/Investors Services for RiverNorth Flexible Municipal Income Fund.