Insider Selling: Hennessy Advisors (NASDAQ:HNNA) CFO Sells 10,000 Shares of Stock

May 13, 2026 by InsiderTrades.com

Key Points

HNNA CFO Kathryn Fahy sold 10,000 shares on May 11 at an average price of $10.00, totaling $100,000. After the sale, she still held 60,689 shares, a 14.15% reduction in her position.
Hennessy Advisors recently missed earnings expectations, reporting $0.24 EPS versus the $0.33 consensus, while revenue of $8.13 million also came in below estimates.
The company announced a quarterly dividend of $0.15 per share, payable June 4, which works out to an annualized yield of about 5.9%.

Hennessy Advisors, Inc. (NASDAQ:HNNA - Get Free Report) CFO Kathryn Fahy sold 10,000 shares of the company's stock in a transaction on Monday, May 11th. The shares were sold at an average price of $10.00, for a total transaction of $100,000.00. Following the completion of the sale, the chief financial officer owned 60,689 shares of the company's stock, valued at approximately $606,890. This represents a 14.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hennessy Advisors Stock Up 0.3%

HNNA opened at $10.19 on Wednesday. Hennessy Advisors, Inc. has a 12 month low of $8.90 and a 12 month high of $13.19. The company has a fifty day simple moving average of $9.85 and a 200 day simple moving average of $9.90. The stock has a market cap of $80.50 million, a P/E ratio of 9.70 and a beta of 0.59.

Hennessy Advisors (NASDAQ:HNNA - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The asset manager reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.33 by ($0.09). Hennessy Advisors had a net margin of 25.40% and a return on equity of 8.53%. The firm had revenue of $8.13 million during the quarter, compared to the consensus estimate of $9.61 million.

Hennessy Advisors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date is Thursday, May 21st. Hennessy Advisors's dividend payout ratio is 57.14%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of Hennessy Advisors in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Hennessy Advisors has an average rating of "Hold".

Check Out Our Latest Analysis on Hennessy Advisors

Hedge Funds Weigh In On Hennessy Advisors

Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in Hennessy Advisors by 14.6% during the 4th quarter. Empowered Funds LLC now owns 13,192 shares of the asset manager's stock worth $127,000 after purchasing an additional 1,678 shares in the last quarter. Evergreen Capital Management LLC bought a new position in Hennessy Advisors during the 2nd quarter worth about $190,000. Bridgeway Capital Management LLC increased its holdings in Hennessy Advisors by 9.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 20,192 shares of the asset manager's stock worth $194,000 after purchasing an additional 1,678 shares in the last quarter. Citadel Advisors LLC bought a new position in Hennessy Advisors during the 3rd quarter worth about $218,000. Finally, Susquehanna International Group LLP increased its holdings in Hennessy Advisors by 108.5% during the 3rd quarter. Susquehanna International Group LLP now owns 26,553 shares of the asset manager's stock worth $280,000 after purchasing an additional 13,819 shares in the last quarter. Institutional investors own 10.31% of the company's stock.

Hennessy Advisors Company Profile

(Get Free Report)

Hennessy Advisors, Inc is an investment advisory firm specializing in the management of closed-end and open-end funds, as well as separate account strategies. Serving as the investment adviser to a family of publicly traded closed-end funds and a series of mutual funds, the company focuses on generating income and total return for its shareholders by deploying a range of equity and fixed-income strategies. Hennessy Advisors is registered with the U.S. Securities and Exchange Commission and operates under the Investment Advisers Act of 1940.

The firm's product lineup includes multiple closed-end funds that invest in U.S.