Gillian Beth Zucker, a director at Houlihan Lokey Inc . (NYSE:HLI), recently sold 200 shares of the company's Class A common stock. The transaction, executed on November 13, was conducted at an average price of $187.46 per share, totaling approximately $37,492. Following this sale, Zucker retains ownership of 6,401 shares in the investment advisory firm. The sale was made under a pre-established Rule 10b5-1 trading plan, which Zucker adopted on May 21, 2024.
In other recent news, the global investment bank, Houlihan Lokey, has reported significant financial growth in its second quarter earnings for fiscal year 2025. The company's revenues reached $575 million, a 23% increase year-over-year, and adjusted earnings per share rose by 32% to $1.46. This strong performance was attributed to a favorable environment for mergers and acquisitions, new business activity in financial restructuring, and increased demand for market-neutral services.
Houlihan Lokey also announced the appointment of Brad Boggess as a Managing Director in its Capital Markets Group. Boggess, a former Blackstone (NYSE:BX) executive, brings extensive operational expertise and strong relationships with global asset managers. His role will be crucial in enhancing the firm's services and reputation.
Simultaneously, Seaport Global Securities maintained a Neutral rating on Houlihan Lokey, citing an increase in FY2025E/FY2026E EPS to $5.75/$6.60 from $5.50/$6.40. The company's management has observed positive momentum in its M&A, capital markets advisory, and financial valuation and advisory businesses.
Houlihan Lokey has been active in acquisitions, with three bolt-on acquisitions announced over the last twelve months, two of which have closed. The company expects ongoing strength in restructuring activities and anticipates that the capital markets business will contribute 15% to 20% of Corporate Finance revenues. These recent developments suggest that Houlihan Lokey is well-positioned for continued growth in the coming quarters.
InvestingPro Insights
The recent insider sale by Gillian Beth Zucker at Houlihan Lokey Inc. (NYSE:HLI) comes at a time when the company's stock is trading near its 52-week high, as highlighted by InvestingPro data. With a current price at 97.4% of its 52-week high and a strong year-to-date price total return of 57.46%, HLI has demonstrated significant momentum in the market.
InvestingPro Tips reveal that Houlihan Lokey has raised its dividend for 10 consecutive years, showcasing a commitment to shareholder returns. This consistent dividend growth, coupled with a current dividend yield of 1.22%, may be attractive to income-focused investors despite the recent insider sale.
The company's financial health appears robust, with InvestingPro data showing a market capitalization of $12.87 billion and a revenue of $2.12 billion for the last twelve months. However, investors should note that HLI is trading at a relatively high P/E ratio of 36.01, which could indicate that the stock is priced at a premium compared to its earnings.
For those interested in a deeper analysis, InvestingPro offers 13 additional tips for Houlihan Lokey, providing a more comprehensive view of the company's financial position and market performance.
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