Executive Chairman Irwin Gold Sells 10,000 Shares of Houlihan Lokey Inc
Executive Chairman and 10% Owner Irwin Gold has sold 10,000 shares of investment banking firm Houlihan Lokey Inc (NYSE:HLI) on December 27, 2023, according to a recent SEC filing. Houlihan Lokey Inc is a global investment bank that focuses on mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The company serves a diverse set of clients worldwide, including corporations, financial sponsors, and government agencies.
Over the past year, the insider has sold a total of 25,389 shares of Houlihan Lokey Inc and has not made any purchases of the stock.
The insider transaction history for Houlihan Lokey Inc indicates a trend of more insider selling than buying over the past year, with 0 insider buys and 9 insider sells recorded during the same timeframe.
On the day of the insider's recent sale, shares of Houlihan Lokey Inc were trading at $122.18, giving the company a market capitalization of $8.448 billion.
The stock's price-earnings ratio stands at 31.41, which is above both the industry median of 18.85 and the historical median price-earnings ratio for the company.
With the current share price of $122.18 and a GuruFocus Value of $95.15, Houlihan Lokey Inc has a price-to-GF-Value ratio of 1.28, indicating that the stock is considered Modestly Overvalued according to the GF Value metric.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to the company's past performance, and future business performance estimates provided by Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
