Thursday, September 14, 2017 10:15 PM ET
Insider Selling at Houlihan Lokey (HLI) is Significant
There was a significant sale of shares of Houlihan Lokey by an insider today, as revealed in a form 4 document filed with the SEC. One insider — Orix Hlhz Holding Llc, 10% Owner — sold 686,760 shares in the company having a market value of approximately $24,901,243. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trading at Houlihan Lokey is near the 12 member peer company average. The Investment Banking peer group saw 8 buy/sell trades during this period for an average of 0.7 transactions per company. However, the number of shares per buy/sell trade transacted by Houlihan Lokey insiders is higher. Within the peer group there were 112,000 shares purchased and 22,988 shares sold with company insiders acquiring 12,716 shares on average.
The data sourced in creating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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