Purchase Details
Company: | Houlihan Lokey |
Ticker: | HLI |
Yahoo Beta: | 0.66 |
Industry: | Capital markets |
Company Description: Houlihan Lokey is a middle market investment bank.
Purchase Date: | 24 Mar 2022 |
Purchase Price: | $89.98 |
--Split Adjusted: | $89.98 |
Shares Purchased: | 78 |
--Split Adjusted: | 78 |
Transaction Fee: | $0.00 |
Price Range (6 Months Prior): | |
High | $119.53 |
Date | 12 Jan 2022 |
Low | $90.29 |
Date | 23 Mar 2022 |
S&P (Purchase Date): | $4,520.16 |
Timing: We bought near the six month low. |
Reason: Houlihan Lokey is outperforming its peers in the middle market segment. The company has been experiencing strong revenue growth and attractive profitability measures. The company provides restructuring advice which provides a partial hedge in a weaker economy. We are underweight financial institutions. |
Total Spent: $7,018.44