Wednesday, November 01, 2017 10:15 PM ET
Houlihan Lokey (HLI) Insider Makes Significant Share Sale
A SEC filing today revealed a substantial insider sale of Houlihan Lokey shares as — Orix Hlhz Holding Llc, 10% Owner — sold 1,750,000 shares in the company having a market value of approximately $72,843,750. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 686,760 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,436,760 shares and have averaged 1,218,380 shares per transaction over this time period.
The number of insider buy/sell trades at Houlihan Lokey is higher than that of the 13 peer company average over the last 90-day period. The Investment Banking peer group saw 8 buy/sell trades during this period for an average of 0.6 transactions per company. However, the number of shares traded per transaction by Houlihan Lokey insiders is lower than its peers. Within the peer group there were 11,086,197 shares purchased and 751,048 shares sold with company insiders acquiring 1,476,450 shares on average over this time period.
To bring into focus significant insider buying and selling activity, 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 has been eliminated in data obtained to create and write this story.
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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