HENNESSY ADVISORS INC

Ticker: HNNA CUSIP: 425885100 Class: COM

Ativo Capital Management LLC's Holding History (CIK: 0001423065)

Note: Option positions (PUT/CALL) are excluded.

Q2 2018

Shares 54,487 Value ($000) $945 Avg Close $18.88 Range $17.23 - $20.00

Q1 2018

Shares 54,487 Value ($000) $1,052 Avg Close $17.94 Range $16.44 - $20.00

Q4 2017

Shares 68,491 Value ($000) $1,133 Avg Close $16.44 Range $15.32 - $17.91

Q3 2017

Shares 64,485 Value ($000) $996 Avg Close $15.44 Range $14.29 - $16.95

Q2 2017

Shares 60,485 Value ($000) $918 Avg Close $16.07 Range $13.88 - $19.87

Q1 2017

Shares 56,485 Value ($000) $950 Avg Close $18.38 Range $16.07 - $21.60

Q4 2016

Shares 34,990 Value ($000) $1,111 Avg Close $21.18 Range $16.23 - $24.13

Q3 2016

Shares 34,990 Value ($000) $1,241 Avg Close $23.60 Range $21.67 - $26.31

Q2 2016

Shares 33,490 Value ($000) $1,121 Avg Close $21.48 Range $17.73 - $26.33

Q1 2016

Shares 19,909 Value ($000) $532 Avg Close $17.97 Range $16.13 - $20.00

Q4 2015

Shares 11,206 Value ($000) $336 Avg Close $19.09 Range $15.70 - $22.00

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2018	54,487	$945	$18.88	$17.23 - $20.00
Q1 2018	54,487	$1,052	$17.94	$16.44 - $20.00
Q4 2017	68,491	$1,133	$16.44	$15.32 - $17.91
Q3 2017	64,485	$996	$15.44	$14.29 - $16.95
Q2 2017	60,485	$918	$16.07	$13.88 - $19.87
Q1 2017	56,485	$950	$18.38	$16.07 - $21.60
Q4 2016	34,990	$1,111	$21.18	$16.23 - $24.13
Q3 2016	34,990	$1,241	$23.60	$21.67 - $26.31
Q2 2016	33,490	$1,121	$21.48	$17.73 - $26.33
Q1 2016	19,909	$532	$17.97	$16.13 - $20.00
Q4 2015	11,206	$336	$19.09	$15.70 - $22.00