Gillian Beth Zucker, a director at Houlihan Lokey Inc . (NYSE:HLI), has sold 200 shares of the company's Class A common stock, according to a recent SEC filing. The shares were sold at an average price of $180.57 each, amounting to a total transaction value of $36,114. The transaction comes as the $12.47 billion market cap company has seen its stock surge 38.8% over the past six months, according to InvestingPro data. Following this sale, Zucker retains ownership of 6,201 shares in the company. The sale was executed under a Rule 10b5-1 trading plan, which Zucker adopted on May 21, 2024. InvestingPro analysis indicates the stock is trading at a P/E ratio of 34.95, with the company maintaining a strong financial health rating and a decade-long history of consistent dividend payments. For detailed insights and additional analysis, investors can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, global investment bank Houlihan Lokey has been active in strategic developments. The firm reported a 23% year-over-year increase in revenues, reaching $575 million in its second quarter earnings for fiscal year 2025. Adjusted earnings per share saw a rise of 32% to $1.46. Seaport Global Securities maintained a Neutral rating, citing an increase in projected EPS for the fiscal years 2025 and 2026.
Houlihan Lokey has also made significant strides in mergers and acquisitions. The acquisition of Waller Helms Advisors aligns with the company's strategy to enhance its advisory services and marks a substantial step in its growth trajectory. The acquisition involved the issuance of 635,834 shares of Class B common stock, with the possibility of issuing approximately $60 million in fully-vested Earn-Out Shares, contingent on specific revenue targets post-acquisition.
In addition to acquisitions, the firm has also appointed Brad Boggess, a former Blackstone (NYSE:BX) executive, as a Managing Director in its Capital Markets Group. This recent hire is expected to leverage Boggess's extensive operational expertise and relationships with private equity and private credit managers to enhance the firm's services. Despite macroeconomic challenges, analysts from Seaport Global Securities anticipate ongoing strength in the company's restructuring activities and expect the capital markets business to contribute 15% to 20% of Corporate Finance revenues.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.