Hennessy Advisors (NASDAQ:HNNA) VP Daniel Steadman Sells 5,000 Shares of Company Stock

26 Sep 2026, 09:52 by Michael Walen · The Markets Daily

Hennessy Advisors, Inc. (NASDAQ:HNNA – Get Free Report) VP Daniel Steadman sold 5,000 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $10.26, for a total value of $51,300.00. Following the completion of the sale, the vice president owned 37,768 shares of the company’s stock, valued at approximately $387,499.68. The trade was a 11.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Hennessy Advisors Stock Down 0.1%

Shares of HNNA opened at $10.18 on Friday. Hennessy Advisors, Inc. has a 52-week low of $8.90 and a 52-week high of $11.19. The stock has a fifty day simple moving average of $10.06 and a two-hundred day simple moving average of $9.99. The company has a market capitalization of $80.42 million, a PE ratio of 9.79 and a beta of 0.58.

Hennessy Advisors (NASDAQ:HNNA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The asset manager reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.12). Hennessy Advisors had a net margin of 24.77% and a return on equity of 8.31%. The firm had revenue of $8.39 million for the quarter, compared to analyst estimates of $9.96 million.

Hennessy Advisors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, August 20th. This represents a $0.60 dividend on an annualized basis and a yield of 5.9%. Hennessy Advisors’s payout ratio is 57.69%.

Hedge Funds Weigh In On Hennessy Advisors

Several large investors have recently modified their holdings of the business. Aegis Financial Corp grew its holdings in shares of Hennessy Advisors by 20.8% during the 2nd quarter. Aegis Financial Corp now owns 170,768 shares of the asset manager’s stock worth $1,733,000 after purchasing an additional 29,415 shares during the period. Renaissance Technologies LLC increased its position in shares of Hennessy Advisors by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 100,088 shares of the asset manager’s stock worth $976,000 after purchasing an additional 4,699 shares during the last quarter. Allworth Financial LP purchased a new stake in Hennessy Advisors in the 2nd quarter valued at about $826,000. Perigon Wealth Management LLC purchased a new stake in Hennessy Advisors in the 2nd quarter valued at about $648,000. Finally, Dimensional Fund Advisors LP lifted its position in Hennessy Advisors by 7.3% in the first quarter. Dimensional Fund Advisors LP now owns 52,677 shares of the asset manager’s stock valued at $514,000 after buying an additional 3,567 shares during the last quarter. Institutional investors and hedge funds own 10.31% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Hennessy Advisors in a research note on Tuesday, September 8th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

View Our Latest Report on Hennessy Advisors

Hennessy Advisors Company Profile

(Get Free Report)

Hennessy Advisors, Inc is an investment management company that provides advisory services to mutual funds, exchange-traded funds and other investment vehicles. The company develops and manages portfolios for individual and institutional investors, with strategies spanning U.S. equities, financial companies, growth stocks, income-oriented investments and other specialized areas.