LOS ANGELES - In a recent transaction, Gillian Beth Zucker, a director at Houlihan Lokey, Inc. (NYSE:HLI), sold shares of the company's stock. On August 20, 2024, Zucker sold 200 shares at a price of $152.49 per share, totaling approximately $30,498.
The sale was conducted under a Rule 10b5-1 trading plan, which was previously adopted by Zucker on May 21, 2024. This plan allows company insiders to set up a predetermined schedule for buying and selling stocks at a time when they are not in possession of nonpublic information. This can help to avoid any potential claims of insider trading.
Following the transaction, Zucker continues to own 7,001 shares of Houlihan Lokey, indicating a continued investment in the company's future. Houlihan Lokey, known for its expertise in investment banking services, has a reputation for providing strategic advice to clients across various industries.
Investors and market watchers often keep a close eye on insider transactions as they can provide insights into an executive’s perspective on the company's financial health and future prospects. The details of these transactions are routinely made public through filings with the Securities and Exchange Commission.
For those interested in following the latest insider transactions at Houlihan Lokey, or any other publicly-traded company, SEC filings provide a transparent view of these financial activities.
In other recent news, global investment bank Houlihan Lokey has reported a robust start to its fiscal year 2025, with first-quarter revenues reaching $514 million, marking a 24% increase from the previous year. The firm's adjusted earnings per share also climbed by 37%, hitting $1.22. The Corporate Finance division spearheaded this growth with a 45% revenue increase, while Financial Restructuring revenues saw a slight decline.
In terms of personnel changes, Houlihan Lokey has recently appointed Geoff Rhizor as a Managing Director within its Technology Group, and Andrew Atherton as a Managing Director for its FinTech Group. Both Rhizor and Atherton bring a wealth of experience from their previous roles at Canaccord Genuity and Union Square (NYSE:SQ) Advisors respectively.
Looking ahead, Houlihan Lokey has expressed optimism about continued growth quarter-over-quarter, given favorable market conditions. The integration of GCA has bolstered its European operations, and the firm is actively seeking acquisitions or organic hires to address underweighted sectors. However, it expects the tax rate to be at the higher end of the historic range due to operations in higher tax jurisdictions. These are among the recent developments at Houlihan Lokey.
InvestingPro Insights
In the wake of Gillian Beth Zucker's recent sale of Houlihan Lokey stock, investors might appreciate additional context provided by InvestingPro metrics and tips. Notably, the company has demonstrated a commitment to shareholder returns, having raised its dividend for 9 consecutive years and maintained dividend payments for 10 consecutive years, according to InvestingPro Tips. This could signal confidence in the company's sustained profitability and financial health.
InvestingPro Data also reveals that Houlihan Lokey has a market capitalization of $10.52 billion and is trading at a high earnings multiple, with a Price/Earnings (P/E) ratio of 31.73. While this suggests a premium valuation, it's worth considering that analysts have revised their earnings upwards for the upcoming period, which could justify the higher P/E ratio. Additionally, the company's revenue growth over the last twelve months as of Q1 2025 stands at 11.37%, indicating a robust increase that may attract growth-oriented investors.
For those looking for more comprehensive insights, InvestingPro offers a range of additional tips on Houlihan Lokey, which can be found at InvestingPro. These tips delve deeper into the company's financial performance and market position, providing investors with a richer understanding of its potential.
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