NOVATO, Calif. (AP) _ Hennessy Advisors Inc. (HNNA) on Wednesday reported fiscal third-quarter net income of $4.2 million.

The Novato, California-based company said it had net income of 53 cents per share.

The investment manager posted revenue of $13.6 million in the period.

Hennessy Advisors shares have dropped 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.70, a decrease of roughly 2 percent in the last 12 months.

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