SCHEDULE: Seaport Global Discloses 5.2% Stake in Hennessy Advisors
Beneficial Ownership Report
Seaport Global Asset Management LLC and Stephen C. Smith have reported a 5.2% beneficial ownership stake in Hennessy Advisors, Inc. common stock.
Summary
- Seaport Global Asset Management LLC and Stephen C. Smith collectively reported beneficial ownership of 409,015 shares of Hennessy Advisors, Inc. common stock.
- This ownership represents 5.2% of the total outstanding common stock of Hennessy Advisors, Inc.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.
- The percentage is calculated based on 7,891,917 shares of common stock outstanding as of December 8, 2025, as reported in the Issuer's Proxy Statement on Schedule 14A filed on December 10, 2025.
- Both Seaport Global Asset Management LLC and Stephen C. Smith hold shared voting power and shared dispositive power over all 409,015 shares.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this as a neutral to slightly positive disclosure, as it signifies institutional interest in Hennessy Advisors, Inc. without indicating any intent to influence control, which reduces potential uncertainty.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that the disclosure of a 5.2% beneficial ownership stake by an institutional investor like Seaport Global Asset Management LLC indicates a significant, albeit passive, interest in Hennessy Advisors, Inc. This type of filing provides transparency regarding major shareholders but does not typically signal strategic shifts or operational changes within the company or the broader asset management industry.
Stakeholder Impact
- Shareholders gain transparency regarding significant institutional ownership, which can be viewed as a vote of confidence in the company's long-term prospects, assuming the investment remains passive.
Key Dates
| Date | Description |
|---|---|
| 12/08/2025 | Date as of which 7,891,917 shares of Common Stock were reported as issued and outstanding in the Issuer's Proxy Statement. |
| 12/10/2025 | Date the Issuer's Proxy Statement on Schedule 14A was filed with the SEC. |
| 12/31/2025 | Date of event which requires the filing of this statement. |
| 02/03/2026 | Date the Schedule 13G filing was signed. |
Keywords
Hennessy Advisors, Seaport Global Asset Management, Stephen C. Smith, beneficial ownership, Schedule 13G, common stock, investment adviser
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