Thomas L. Seavey, a director at Hennessy Advisors Inc (NASDAQ:HNNA), sold 14,704 shares of common stock on August 12 and 13, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales amounted to $158,452. The transaction comes as the $83.29 million market cap company’s stock shows signs of being undervalued, according to InvestingPro analysis, despite a 9.32% decline over the past week. The transactions involved two separate sales. On August 12, Seavey sold 7,000 shares at a weighted average price of $10.8516, with prices ranging from $10.8500 to $10.9600. The following day, August 13, he sold 7,704 shares at a weighted average price of $10.7076, with prices ranging from $10.6600 to $10.7700. InvestingPro data shows the stock trading at an attractive P/E ratio of 8.52, with technical indicators suggesting oversold conditions. Following these transactions, Seavey directly owns 55,725 shares of Hennessy Advisors Inc. The company maintains a strong dividend track record, having paid dividends for 21 consecutive years, with a current yield of 5.14%. In other recent news, Hennessy Advisors reported a 5% increase in net income for its third fiscal quarter, reaching $2.1 million compared to the same period last year. The company, based in Novato, California, also announced quarterly revenue of $8.1 million, reflecting a 4% increase from the prior year. However, diluted earnings per share remained steady at $0.26. These developments indicate a period of financial growth for Hennessy Advisors. The firm’s performance in the third quarter highlights its ability to enhance net income while maintaining stable earnings per share. This financial update provides investors with crucial insights into the company’s recent fiscal achievements.

Seavey, Hennessy advisors director, sells $158k in shares

Thomas L. Seavey, a director at Hennessy Advisors Inc, sold 14,704 shares of the company's common stock on August 12 and 13, 2025, for a total of $158,452. The transactions occurred in two separate sales, with prices ranging between $10.66 and $10.96 per share. The company, based in Novato, California, reported a 5% increase in net income to $2.1 million and a 4% rise in quarterly revenue to $8.1 million during the third fiscal quarter. Despite a 9.32% stock decline over the past week, the stock is considered undervalued by InvestingPro, with an attractive P/E ratio of 8.52 and a current dividend yield of 5.14%, reflecting a 21-year dividend track record. Earnings per share remained stable at $0.26.