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Teresa Nilsen, President, COO, and Secretary of Hennessy Advisors Inc. (NASDAQ:HNNA), a $81.73 million market cap investment management firm that has delivered a remarkable 62.74% return over the past year, recently executed a series of stock sales totaling $84,235. The transactions occurred over three consecutive days, from March 25 to March 27, 2025.
On March 25, Nilsen sold 3,000 shares of Hennessy Advisors’ common stock at a weighted average price of approximately $10.55 per share. The following day, she sold an additional 1,000 shares at a weighted average price of $10.47. The transactions concluded on March 27, with the sale of 4,000 shares at an average price of $10.53. Trading at a P/E ratio of 9.47 and maintaining dividends for 21 consecutive years, InvestingPro analysis suggests the stock is currently undervalued.
Following these transactions, Nilsen holds 13,425 shares indirectly, designated for the benefit of her children. Additionally, a separate transfer of 4,000 shares was reported on March 27, categorized as a gift, with no monetary exchange involved.
These sales were executed at the discretion of Nilsen’s children, who hold the accounts in which the shares were sold.
In other recent news, Hennessy Advisors, Inc. reported a significant surge in its financial performance for the first fiscal quarter ending December 31, 2024, with net income rising by 136% to $2.8 million and total revenue increasing by 58% to $9.7 million. The firm also announced a substantial increase in earnings per share, which climbed 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 a definitive agreement to acquire assets from STF Management, LP, including two Exchange-Traded Funds (ETFs) with combined assets of approximately $220 million. These ETFs will be rebranded under the Hennessy name, pending regulatory approvals. Furthermore, the company’s recent annual meeting 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 maintaining its leadership structure.
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