In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Houlihan Lokey Inc. (NYSE:HLI) reported that Hl Voting Trust has picked up 43,983,299 of common stock as of 2017-04-06.
The acquisition brings the aggregate amount owned by Hl Voting Trust to a total of 43,983,299 representing a 66.6% stake in the company.
For those not familiar with the company, Houlihan Lokey, Inc. is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies. The Company provides financial professionals with an integrated platform that enables them to deliver advice to its clients. The Company also offers intellectual property advisory services. The Corporate Finance activities include two categories: M&A and capital markets advisory. The Financial Advisory Services segment includes financial opinions, and a range of valuation and financial consulting services in the United States. The Financial Restructuring segment provides advice to debtors and creditors in connection with recapitalization/deleveraging transactions.
A glance at Houlihan Lokey Inc. (NYSE:HLI)’s key stats reveals a current market capitalization of 2.23 Billion based on 12.83 Million shares outstanding and a price at last close of $33.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2017-02-13, Schriesheim picked up 4,870 at a purchase price of $30.73. This brings their total holding to 16,361 as of the date of the filing.
On the sell side, the most recent transaction saw Beiser unload 11,029 shares at a sale price of $29.05. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Houlihan Lokey Inc. (NYSE:HLI) as things move forward to see if its progress aligns with these transactions.
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