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Teresa M. Nilsen, President, COO, and Secretary of Hennessy Advisors Inc. (NASDAQ:HNNA), recently sold 4,000 shares of common stock. The transaction, executed on March 28, 2025, amounted to a total of $41,669, with the shares sold at a weighted average price of $10.4174. The sale comes as HNNA, currently trading at $9.96, shows strong fundamentals with a P/E ratio of 8.84 and an attractive dividend yield of 5.31%. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates. The sale was conducted in accounts held in the names of two of Nilsen’s children, and the decision to sell was made at their discretion. Following this transaction, Nilsen’s direct and indirect holdings include 140,123 shares directly and 1,518 shares indirectly through her spouse’s IRA. The company has demonstrated strong financial performance, with a remarkable 59% return over the past year, and has maintained dividend payments for 21 consecutive years. InvestingPro subscribers can access 4 additional key insights about HNNA’s financial health and growth prospects.
In other recent news, Hennessy Advisors, Inc. reported a remarkable increase in its financial performance for the first fiscal quarter ending December 31, 2024. The company announced a 136% surge in net income, reaching $2.8 million, alongside a 58% rise in total revenue to $9.7 million. Earnings per share also increased significantly by 125% to $0.36. Additionally, Hennessy Advisors declared a quarterly dividend of $0.1375 per share, reflecting an annualized yield of 4.6%. In a strategic move, Hennessy Advisors has entered into a definitive agreement to acquire two ETFs from STF Management, LP, with combined assets of approximately $220 million, expected to finalize in Q3 2025. The acquisition will expand Hennessy’s ETF offerings, pending necessary regulatory approvals. Furthermore, the company confirmed the re-election of its board members and the ratification of CBIZ (NYSE:CBZ) CPAs P.C. as its independent registered public accounting firm for fiscal year 2025. These developments underscore Hennessy Advisors’ ongoing growth and commitment to strengthening its market presence.
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