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 a price of $168.08 each, totaling $33,616. Following this transaction, Zucker retains ownership of 6,601 shares in the investment advisory firm. The sale was conducted under a Rule 10b5-1 trading plan, which was set up by Zucker on May 21, 2024.
In other recent news, Houlihan Lokey has reported a strong 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 rose by 37%, hitting $1.22. The Corporate Finance division led this growth with a 45% revenue increase, while Financial Restructuring revenues saw a slight decline. In addition to these financial highlights, Houlihan Lokey recently welcomed Geoff Rhizor as a Managing Director in its Technology Group and Andrew Atherton as a Managing Director for its FinTech Group. The annual stockholders meeting saw the election of four directors and approval of executive compensation. Looking ahead, Houlihan Lokey has expressed optimism about continued growth quarter-over-quarter, given favorable market conditions. However, the company 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
As Gillian Beth Zucker reduces her stake in Houlihan Lokey Inc. (NYSE:HLI), investors might be curious about the company's current financial standing and market position. According to InvestingPro data, Houlihan Lokey boasts a market capitalization of $11.84 billion, reflecting its significant presence in the investment advisory sector.
The company's financial performance has been robust, with a revenue growth of 11.37% over the last twelve months, reaching $2.01 billion. This growth is complemented by an impressive gross profit margin of 93.51%, underscoring Houlihan Lokey's operational efficiency.
InvestingPro Tips highlight that Houlihan Lokey has maintained dividend payments for 10 consecutive years, demonstrating a commitment to shareholder returns. This is particularly noteworthy given the company's strong performance, with a 60.31% price total return over the past year.
However, investors should note that the stock is trading at a high P/E ratio of 35.95, which may indicate that the market has high expectations for future growth. This valuation metric aligns with another InvestingPro Tip suggesting that HLI is trading at a high earnings multiple.
For those interested in a deeper analysis, InvestingPro offers 13 additional tips on Houlihan Lokey, providing a more comprehensive view of the company's financial health and market position.
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