Fubotv earnings beat by $0.10, revenue topped estimates
In a recent filing with the Securities and Exchange Commission, Houlihan Lokey, Inc. (NYSE:HLI), a $12.17 billion investment banking firm trading near its 52-week high, reported that Christopher M. Crain, the company’s General Counsel, executed a sale of 500 shares of Class A common stock. According to InvestingPro data, the stock has delivered a 32% return over the past year. The transaction, which took place on June 2, 2025, was conducted at a price of $173.02 per share, resulting in a total value of $86,510.
The sale was carried out under a Rule 10b5-1 trading plan that Crain adopted on November 18, 2024, as noted in the filing. Following this transaction, Crain no longer holds any shares directly.
Additionally, the filing detailed a conversion of 500 shares of Class B common stock to Class A common stock on the same date. However, this conversion did not involve any monetary exchange. The Class B stock is convertible into Class A stock on a one-for-one basis and has no expiration date.
The report also highlighted that Crain retains indirect ownership of 53,938 shares through the HL Voting Trust, where he maintains investment control and dispositive power. InvestingPro analysis shows the company maintains a "GOOD" financial health score, with analysts setting price targets ranging from $151 to $207. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Houlihan Lokey reported stronger-than-expected fourth-quarter earnings and revenue, surpassing analyst projections. The investment bank posted an adjusted earnings per share of $1.96, exceeding the anticipated $1.64, while revenue reached $666.4 million, beating expectations of $631.9 million and marking a 28% year-over-year increase. For the full fiscal year 2025, Houlihan Lokey achieved record revenues of $2.39 billion, a 25% rise from the previous year, with adjusted EPS climbing to $6.29 from $4.49. The company’s strong performance was attributed to growth in all business segments, including a 44% increase in Corporate Finance revenues and a 6% rise in Financial Restructuring revenues. CEO Scott Adelson highlighted the firm’s solid position despite current market volatility. Additionally, the company announced a 5% increase in its quarterly dividend to $0.60 per share. Meanwhile, Claire’s Stores Inc. is seeking financial advice from Houlihan Lokey amid tariff pressures affecting its earnings. The retailer is also collaborating with Alvarez & Marsal to enhance operational efficiency as it faces challenges from rising import costs and competition from e-commerce giants.
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