Irwin Gold, Co-Chairman of Houlihan Lokey, Inc. (NYSE:HLI), recently sold 5,000 shares of the company's Class A Common Stock, according to a recent filing with the Securities and Exchange Commission. The shares were sold on November 25, 2024, at a weighted average price of $190.50, amounting to a total of $952,500.
In addition to the sale, Gold also converted and acquired 5,000 and 10,000 shares of Class A Common Stock, respectively, without any financial consideration. Furthermore, Gold donated 10,000 shares of Class A Common Stock to a charitable organization, receiving no monetary compensation for the donation.
In other recent news, investment bank Houlihan Lokey reported robust performance in its second quarter earnings for fiscal year 2025. The firm's revenues rose to $575 million, marking a 23% year-over-year increase, and adjusted earnings per share grew by 32% to $1.46. This was attributed to a favorable environment for mergers and acquisitions (M&A), new business activity in financial restructuring, and increased demand for market-neutral services. Seaport Global Securities maintained a Neutral rating on the company, citing an increase in FY2025E/FY2026E EPS to $5.75/$6.60 from $5.50/$6.40.
Houlihan Lokey also announced the appointment of Brad Boggess, a former Blackstone (NYSE:BX) executive, as a Managing Director in its Capital Markets Group. In addition, the company has been active in acquisitions, with three bolt-on acquisitions announced over the last twelve months, two of which have closed. The current pipeline is reported to be the highest since 2022, showing an over 50% increase year-over-year.
Regarding future expectations, Houlihan Lokey anticipates ongoing strength in restructuring activities and expects the capital markets business to contribute 15% to 20% of Corporate Finance revenues. The firm also maintains a robust M&A pipeline despite recent acquisitions, suggesting that it is well-positioned for continued growth in the coming quarters.
InvestingPro Insights
Following Irwin Gold's recent stock transactions, it's worth noting that Houlihan Lokey, Inc. (NYSE:HLI) has been demonstrating strong financial performance and market positioning. According to InvestingPro data, the company's market capitalization stands at $13.21 billion, reflecting its substantial presence in the investment banking sector.
Houlihan Lokey's revenue growth has been impressive, with a 23.1% increase in quarterly revenue as of Q2 2025. This growth trajectory aligns with the company's robust financial health, as evidenced by its high gross profit margin of 93.7% over the last twelve months.
InvestingPro Tips highlight that HLI has raised its dividend for 10 consecutive years, showcasing a commitment to shareholder returns that complements the insider transactions we've observed. Additionally, the stock is trading near its 52-week high, with a remarkable 82.83% price total return over the past year.
These metrics suggest that despite the insider sale, Houlihan Lokey continues to perform strongly in the market. Investors considering HLI might find it valuable to explore the 14 additional InvestingPro Tips available, which could provide further insights into the company's financial outlook and market position.
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