Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☒ Rule 13d-1(b)
☐ Rule 13d-1(c)
☐ Rule 13d-1(d)
| 1 |
Names of Reporting Persons
Seaport Global Asset Management LLC |
| 2 |
Check the appropriate box if a member of a Group (see instructions)
☐ (a)
☒ (b) |
| 3 | SEC Use Only |
| 4 |
Citizenship or Place of Organization
NEW YORK
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
409,015.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
409,015.00 |
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
409,015.00 |
| 10 |
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
☐ |
| 11 |
Percent of class represented by amount in row (9)
5.2 % |
| 12 |
Type of Reporting Person (See Instructions)
IA, OO |
| 1 |
Names of Reporting Persons
Stephen C. Smith |
| 2 |
Check the appropriate box if a member of a Group (see instructions)
☐ (a)
☒ (b) |
| 3 | SEC Use Only |
| 4 |
Citizenship or Place of Organization
UNITED STATES
|
| Number of Shares Beneficially Owned by Each Reporting Person With: | 5
Sole Voting Power:
0.00 6
Shared Voting Power:
409,015.00 7
Sole Dispositive Power:
0.00 8
Shared Dispositive Power:
409,015.00 |
| 9 |
Aggregate Amount Beneficially Owned by Each Reporting Person
409,015.00 |
| 10 |
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
☐ |
| 11 |
Percent of class represented by amount in row (9)
5.2 % |
| 12 |
Type of Reporting Person (See Instructions)
IN, HC |
| Item 1. | |
| (a) |
Name of issuer:
Hennessy Advisors, Inc. |
| (b) |
Address of issuer's principal executive offices:
7250 Redwood Boulevard, Suite 200, Novato, CA 94945 |
| Item 2. | |
| (a) |
Name of person filing:
This names of the persons filing this report (collectively, the "Reporting Persons") with respect to shares of Common Stock, no par value (the "Common Stock") of Hennessy Advisors, Inc. (the "Issuer") are: (i) Seaport Global Asset Management LLC ("Seaport") and (ii) Stephen C. Smith. |
| (b) |
Address or principal business office or, if none, residence:
The address of the principal business office of each of the Reporting Persons is 360 Madison Avenue, 23rd Floor, New York, NY 10017. |
| (c) |
Citizenship:
Seaport is a New York limited liability corporation. Mr. Smith is a United States citizen. |
| (d) |
Title of class of securities:
Common stock, no par value |
| (e) |
CUSIP No.:
425885100 |
| Item 3. | If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| (a) | ☐ Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
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| (b) | ☐ Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | ☐ Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | ☐ Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | ☒ An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | ☐ An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | ☒ A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | ☐ A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (i) | ☐ A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
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| (j) | ☐ A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
|
| (k) | ☐ Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) |
Amount beneficially owned:
As of December 31, 2025, Seaport beneficially owned 409,015 shares of Common Stock. Shares of Common Stock reported herein represent shares held by investment advisory clients of and trusts managed by of Seaport. Mr. Smith is the manager of Seaport. |
| (b) |
Percent of class:
The information set forth on Row 11 of the cover pages to this Schedule 13G is incorporated herein by reference. The percentages are calculated based upon 7,891,917 shares of Common Stock issued and outstanding as of December 8, 2025, as reported in the Issuer's Proxy Statement on Schedule 14A filed with the Securities and Exchange Commission on December 10, 2025. %
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| (c) |
Number of shares as to which the person has:
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(i) Sole power to vote or to direct the vote:
The information set forth on Row 5 of the cover pages to this Schedule 13G is incorporated herein by reference.
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(ii) Shared power to vote or to direct the vote:
The information set forth on Row 6 of the cover pages to this Schedule 13G is incorporated herein by reference.
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(iii) Sole power to dispose or to direct the disposition of:
The information set forth on Row 7 of the cover pages to this Schedule 13G is incorporated herein by reference.
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(iv) Shared power to dispose or to direct the disposition of:
The information set forth on Row 8 of the cover pages to this Schedule 13G is incorporated herein by reference.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
| | |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
| |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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