In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Houlihan Lokey Inc. (NYSE:HLI) reported that Houlihan Lokey, Inc. has picked up 53,939,419 of common stock as of 2016-12-07.
The acquisition brings the aggregate amount owned by Houlihan Lokey, Inc. to a total of 53,939,419 representing 80.9% stake in the company.
For those not familiar with the company, Houlihan Lokey, Inc. is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies. It operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services.
A glance at Houlihan Lokey Inc. (NYSE:HLI)’s key stats reveals a current market capitalization of $2.05 billion based on 66.69 million shares outstanding and a price at last close of $30.53 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-08-18, Van picked up 15,000 shares at a purchase price of $21.00. This brings their total holding to 19,762 as of the date of the filing.
On the sell side, the most recent transaction saw Preiser unload 55,225 shares at a sale price of $21.00. 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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