Tuesday, November 07, 2017 10:15 PM ET
Significant Insider Selling in Shares of Houlihan Lokey (HLI) Continues
A filing with the SEC today indicated a notable insider sale of Houlihan Lokey shares as — Orix Hlhz Holding Llc, 10% Owner — disposed of 125,000 shares in the company having a market value of approximately $5,203,125. There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 2,436,760 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 2,561,760 shares and have averaged 1,280,880 shares per transaction over this time period.
The number of insider buy/sell trades at Houlihan Lokey is above that of the 14 peer company average over the last 90-day period. The Investment Banking peer group saw 7 buy/sell trades during this period for an average of 0.5 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 11,076,197 shares purchased and 2,523,216 shares sold with company insiders having bought 1,710,596 shares on average over this time period.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data used to evaluate 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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