1 insider bought €434k of shares over the last 90 days, the latest filed 05 Aug 2026.
Every trade that managers of Houlihan Lokey, Inc. disclose to SEC (Form 4) is tracked on this page. The company sits in the Finance & Banking sector and is based in Los Angeles, United States. It was founded in 1972. Its latest reported headcount is 2,700 employees (2026). In the past year (18 October 2025 to 18 October 2026), 14 filings came from 8 insiders.
Purchases and sales both appear in the filings: 1 purchase (1 insider, €434k) and 3 sales (3 insiders, €1.7M). Netting one side against the other leaves €1.2M of net selling. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. Biggest ticket of the year: €810k, sold by Beiser Scott l and made public on 21 May 2026 (0.011% of market cap). On the buying side, the filings list 1 finance chief among the declarants.
For context, the typical company on the same exchange (median of 5,810 companies) published 19 filings over the same period, against 14 filings here. Our records for Houlihan Lokey, Inc. go back to 2021, with 7 purchases and 18 sales on the open market in total. In its latest annual report filed with the SEC (10-K, fiscal year ended 31 March 2026), the company reported revenue of 2.62 bn USD and net income of 425.7 m USD.
The last purchase on record was published on 5 August 2026, which is 73 days ago. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 3 days. For comparison, the SEC allows two business days to file a Form 4. Selling is not necessarily a view on the stock: liquidity needs and diversification are common motives.
In the same sector, recent insider purchases at First Guaranty Bancshares, Inc. and Avidia Bancorp, Inc. also feature in our signals. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analysts rate Houlihan Lokey, Inc. Buy (bullish), based on 9 analysts. Average price target: US$155.44.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Transparent value + quality ranking, distinct from the insider signal.
FY ended March 2026 · cache
25 of 114 declarations
Houlihan Lokey, Inc. (NYSE: HLI) is a leading independent investment bank listed on the NYSE in the United States, with principal executive offices in Los Angeles, California. Founded in 1972, the firm has built a strong reputation in advisory-driven financial services, particularly in the middle market and in complex situations where independence, industry depth, and execution quality matter. Its headquarters is in Los Angeles, and it maintains a meaningful presence across major U.S. financial centers as well as internationally.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf))
Houlihan Lokey’s business model is centered on four core advisory verticals: mergers and acquisitions, capital solutions, financial restructuring, and financial and valuation advisory. The company advises corporations, private equity sponsors, institutions, and governments on divestitures, acquisitions, financing, refinancing, liability management, and valuation assignments. In strategic terms, Houlihan Lokey is best understood as a pure-play advisory platform rather than a balance-sheet-driven financial institution. That focus gives it a distinctive positioning versus larger universal banks, especially in transactions requiring tailored sector expertise and a highly analytical approach.([hl.com](https://hl.com/about-us/newsroom/houlihan-lokey-reports-fiscal-year-and-fourth-quarter-2025-financial-results/))
From a competitive standpoint, the firm is particularly well known for its strength in the middle market, where clients often value senior-level attention and independent advice over product-heavy execution. The company emphasizes its broad international reach, with offices across the Americas, Europe, the Middle East, and the Asia-Pacific region. For investors, it is also relevant that Houlihan Lokey is a “controlled company” under NYSE rules, reflecting a voting structure that gives a majority of voting power to the HL Voting Trust.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf))
The company’s main products and services are advisory in nature: M&A advisory, capital raising and financing advisory, restructuring advisory, and valuation services. Its client base spans public and private companies, financial sponsors, and sovereign or quasi-sovereign entities. This diversification helps cushion earnings through different market regimes: strong M&A markets support advisory fees, while periods of stress can boost restructuring demand.([sec.gov](https://www.sec.gov/Archives/edgar/data/1302215/000130221525000087/hlify2510k.pdf))
Recent corporate developments reinforce the firm’s growth strategy. On May 7, 2025, Houlihan Lokey reported fiscal year and fourth-quarter 2025 financial results for the year ended March 31, 2025, underscoring the company’s current reporting cycle and performance momentum. On June 2, 2025, it announced a senior hire into its Global Technology Group, specifically to deepen coverage in infrastructure software, highlighting continued investment in high-value subsectors. For investors following SEC Form 4 insider activity, HLI remains a closely watched advisory franchise on the NYSE, with a business mix tied to capital markets, deal activity, and restructuring cycles in the United States and abroad.([hl.com](https://hl.com/about-us/newsroom/houlihan-lokey-reports-fiscal-year-and-fourth-quarter-2025-financial-results/))
Purchases our model currently ranks for the recommendations list.
All recommendationsHeadquarters: Los Angeles, United States · Founded: 1972 · 2,700 employees (2026) · Wikipedia article
Source: Wikidata (CC0).
| Fiscal year end | Revenue | Net income | Diluted EPS | Filing |
|---|---|---|---|---|
| Mar 2026 | 2.62 bn USD | 425.7 m USD | 6.22 USD | 10-K |
| Mar 2025 | 2.39 bn USD | 399.7 m USD | 5.82 USD | 10-K |
| Mar 2024 | 1.91 bn USD | 280.3 m USD | 4.11 USD | 10-K |
| Mar 2023 | 1.81 bn USD | 254.2 m USD | 3.76 USD | 10-K |
| Mar 2022 | 2.27 bn USD | 437.8 m USD | 6.41 USD | 10-K |
Amounts in USD, as filed (forms 10-K, 20-F or 40-F). Source: SEC EDGAR.