One Hennessy Advisors Insider Raised Their Stake In The Previous Year
From what we can see, insiders were net buyers in Hennessy Advisors, Inc.'s (NASDAQ:HNNA ) during the past 12 months. That is, insiders acquired the stock in greater numbers than they sold it.
While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.
View our latest analysis for Hennessy Advisors
Hennessy Advisors Insider Transactions Over The Last Year
In the last twelve months, the biggest single sale by an insider was when the Independent Director, Susan Pomilia, sold US$101k worth of shares at a price of US$9.21 per share. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. The silver lining is that this sell-down took place above the latest price (US$6.50). So it may not tell us anything about how insiders feel about the current share price.
Neil Hennessy bought a total of 33.33k shares over the year at an average price of US$6.82. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Hennessy Advisors is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership Of Hennessy Advisors
Many investors like to check how much of a company is owned by insiders. Usually, the higher the insider ownership, the more likely it is that insiders will be incentivised to build the company for the long term. It's great to see that Hennessy Advisors insiders own 40% of the company, worth about US$20m. Most shareholders would be happy to see this sort of insider ownership, since it suggests that management incentives are well aligned with other shareholders.
What Might The Insider Transactions At Hennessy Advisors Tell Us?
Our data shows a little insider buying, but no selling, in the last three months. Overall the buying isn't worth writing home about. However, our analysis of transactions over the last year is heartening. Judging from their transactions, and high insider ownership, Hennessy Advisors insiders feel good about the company's future. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Hennessy Advisors. Our analysis shows 2 warning signs for Hennessy Advisors (1 can't be ignored!) and we strongly recommend you look at these before investing.
Of course Hennessy Advisors may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
