Hennessy Advisors Inc (HNNA) Files Form 4 Insider Selling : Daniel B Steadman Sells 3,850 Shares

Hennessy Advisors Inc (HNNA): Daniel B Steadman , Executive Vice President of Hennessy Advisors Inc sold 3,850 shares on Sep 19, 2016. The Insider selling transaction was reported by the company on Sep 21, 2016 to the Securities and Exchange Commission. The shares were sold at $35.26 per share for a total value of $135,687.59 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 12, 2016, Brian A Hennessy (director) sold 660 shares at $37.00 per share price.On Aug 25, 2016, Teresa M Nilsen (EVP, CFO and Secretary) sold 5,000 shares at $35.09 per share price.Also, On Aug 23, 2016, Thomas L Seavey (director) sold 2,534 shares at $36.42 per share price.On Aug 15, 2016, Rodger Offenbach (director) sold 3,000 shares at $38.11 per share price.

Shares of Hennessy Advisors Inc (HNNA) ended Tuesday, Sep 21, 2016 session in red amid volatile trading. The shares closed down -1.79 points or -5.03% at $33.8 with 16,543 shares getting traded. Post opening the session at $35.74, the shares hit an intraday low of $33.42 and an intraday high of $35.74 and the price vacillated in this range throughout the day. The company has a market cap of $171 M and the number of outstanding shares has been calculated to be 50,66,699 shares. The 52-week high of Hennessy Advisors Inc is $39.5 and the 52-week low is $23.

Hennessy Advisors Inc Money Flow Index Chart

Hennessy Advisors Inc. is an investment management firm. The Company is engaged in managing servicing and marketing its open-end mutual funds the Hennessy Funds. The Company manages 16 mutual funds that have each been categorized as a Domestic Equity product Balanced and Fixed Income product or Sector and Specialty product. Its Domestic Equity product includes Hennessy Cornerstone Growth Fund Hennessy Focus Fund Hennessy Cornerstone Mid Cap 30 Fund Hennessy Cornerstone Large Growth Fund Hennessy Cornerstone Value Fund Hennessy Large Value Fund and Hennessy Total Return Fund. Its Balanced and Fixed Income product includes Hennessy Equity and Income Fund; Hennessy Balanced Fund and Hennessy Core Bond Fund. Its Sector and Specialty product includes Hennessy Gas Utility Index Fund Hennessy Small Cap Financial Fund Hennessy Large Cap Financial Fund Hennessy Technology Fund Hennessy Japan Fund and Hennessy Japan Small Cap Fund.

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