Houlihan Lokey, Inc.
US ˙ NYSE ˙ US4415931009

Introduction

This page provides a comprehensive analysis of the known insider trading history of Christopher M Crain. Insiders are officers, directors, or significant investors in a company. It is illegal for insiders to make trades in their companies based on specific, non-public information. This does not mean it is illegal for them to make any trades in their own companies. However, they must report all trades to the SEC via a Form 4. Despite these restrictions, academic research suggests that insiders - in general - tend to outperform the market in their own companies.

Average Trade Profitability

The average trade profitability is the average return of all the open market purchases made by the insider in the last three years. To calculate this, we examine every open-market, unplanned purchase made by the insider, excluding all trades that were marked as part of a 10b5-1 trading plan. We then calculate the average performance of those trades over 3, 6, and 12 months, averaging each of those durations to generate a final performance metric for each trade. Finally, we average all of the performance metrics to calculate a performance metric for the insider. This list only includes insiders that have made at least three trades in the last two years.

If this insiders trade profitability is "N/A", then the insider either has not made any open-market purchases in the last three years, or the trades they’ve made are too recent to calculate a reliable performance metric.

Update Frequency: Daily

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Companies with Reported Insider Positions

The SEC filings indicate Christopher M Crain has reported holdings or trades in the following companies:

Security Title Latest Reported Holdings
US:HLI / Houlihan Lokey, Inc. GENERAL COUNSEL 0
How to Interpret the Charts

The following charts show the stock performance of securities subsequent to each open-market, non-planned trade made by Christopher M Crain. Non-planned trade are trades that were not made as part of a 10b5-1 trading plan. The stock performance is charted as cumulative percent change in share price. For example, if an insider trade was made on January 1, 2019, the chart will show the daily percent change of the security to the present day. If the share price were to go from $10 to $15 during this time, the cumulative percent change in share price would be 50%. A change in price from $10 to $20 would be 100%, and a change in price of $10 to $5 would be -50%.

Ultimately, we are trying to determine how closely the insider’s trades correlate to excess returns (positive or negative) in the share price in order to see if the insider is timing their trades to profit from insider information. Consider the situation where an insider was doing this. In this situation, we would expect either (a) positive returns after purchases, or (b) negative returns after sales. In the case of (a), the PURCHASE chart would show a series of upwardly sloping curves, indicating positive returns after each purchase transaction. In the case of (b), the SALE chart would show a series of downward sloping curves, indicating negative returns after each sale transaction.

However, this alone is not enough to draw conclusions. If, for example, the share price of the company was in a non-cyclical climb over many years, then we would expect all the post-purchase plots to be upwardly sloping. Likewise, non-cyclical declines over many years would result in downward sloping post-trade plots. Neither of these charts would suggest insider trading activity.

The strongest indicator would be a situation where the share price was extremely cyclical, and there were both positive signals in the PURCHASE chart and negative plots on the SALE chart. This situation would be highly suggestive of an insider that was timing trades to their financial advantage.

Insider Purchases HLI / Houlihan Lokey, Inc. - Short Term Profit Analysis

In this section, we analyze the profitability of every unplanned, open-market insider purchase made in HLI / Houlihan Lokey, Inc.. This analysis helps to understand if the insider consistently generates abnormal returns, and is worth following. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market purchases that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Max		 Price at
Max		 Max
Profit ($)		 Max Return (%)
There are no known unplanned open-market trades for this insider and security combination

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HLI / Houlihan Lokey, Inc. Insider Trades
Insider Sales HLI / Houlihan Lokey, Inc. - Short Term Loss Analysis

In this section, we analyze the short-term loss avoidance of every unplanned, open-market insider sale made in HLI / Houlihan Lokey, Inc.. A consistent pattern of loss avoidance may suggest that future sale transactions may predict declines in price. This analysis is for one-year following each trade, and the results are theoretical.

The following table shows the most recent open market sales that were not part of an automatic trading plan.

Trade Date Ticker Insider Reported
Shares		 Reported
Price		 Adjusted
Shares		 Adjusted
Price		 Cost Basis Days to
Min		 Price at
Min		 Max Loss
Avoided ($)		 Max Loss
Avoided (%)
2024-11-08 HLI CRAIN CHRISTOPHER M 2,500 185.9400 2,500 185.9400 464,850 151 141.5900 -110,875 -23.85
2023-12-19 HLI CRAIN CHRISTOPHER M 1,500 120.1200 1,500 120.1200 180,180
2023-08-16 HLI CRAIN CHRISTOPHER M 1,000 100.6600 1,000 100.6600 100,660
2023-06-05 HLI CRAIN CHRISTOPHER M 1,000 90.7400 1,000 90.7400 90,740
2020-03-23 HLI CRAIN CHRISTOPHER M 2,000 48.3200 2,000 48.3200 96,640
2020-02-07 HLI CRAIN CHRISTOPHER M 2,000 56.1600 2,000 56.1600 112,320
2019-01-31 HLI CRAIN CHRISTOPHER M 1,000 44.0800 1,000 44.0800 44,080
2018-06-04 HLI CRAIN CHRISTOPHER M 655 49.1100 655 49.1100 32,167
2018-03-15 HLI CRAIN CHRISTOPHER M 4,599 46.7500 4,599 46.7500 215,003
2017-11-03 HLI CRAIN CHRISTOPHER M 289 41.6250 289 41.6250 12,030
2017-10-30 HLI CRAIN CHRISTOPHER M 4,014 41.6250 4,014 41.6250 167,083
2017-03-15 HLI CRAIN CHRISTOPHER M 835 29.0500 835 29.0500 24,257
2017-02-14 HLI CRAIN CHRISTOPHER M 5,569 29.2500 5,569 29.2500 162,893
2015-08-18 HLI CRAIN CHRISTOPHER M 3,917 21.0000 3,917 21.0000 82,257

Adjusted Price is the split-adjusted price. Adjusted Shares is the split-adjusted shares.

HLI / Houlihan Lokey, Inc. Insider Trades
Insider Trading History

This table shows the complete list of insider trades made by Christopher M Crain as disclosed to the Securities Exchange Commission (SEC).

File Date Tran Date Form Ticker Security Code 10b5-1 Shares Remaining Shares Percent
Change		 Share
Price		 Tran
Value		 Remaining
Value
2025-09-03 2025-09-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -500 0 -100.00 196.22 -98,110
2025-09-03 2025-09-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 500 500
2025-06-03 2025-06-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -500 0 -100.00 173.02 -86,510
2025-06-03 2025-06-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 500 500
2024-11-12 2024-11-08 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -2,500 0 -100.00 185.94 -464,850
2024-11-12 2024-11-08 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 2,500 2,500
2024-09-05 2024-09-04 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -40 0 -100.00
2024-09-05 2024-09-04 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 40 40
2024-09-03 2024-09-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -1,000 0 -100.00 155.29 -155,290
2024-09-03 2024-09-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2024-06-04 2024-06-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -1,000 0 -100.00 133.49 -133,490
2024-06-04 2024-06-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2024-03-01 2024-03-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -1,000 0 -100.00 128.94 -128,940
2024-03-01 2024-03-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2023-12-19 2023-12-19 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,500 0 -100.00 120.12 -180,180
2023-12-19 2023-12-19 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,500 1,500
2023-12-04 2023-12-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale X -1,000 0 -100.00 107.17 -107,170
2023-12-04 2023-12-01 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2023-08-16 2023-08-16 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,000 0 -100.00 100.66 -100,660
2023-08-16 2023-08-16 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2023-06-06 2023-06-05 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,000 0 -100.00 90.74 -90,740
2023-06-06 2023-06-05 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2023-03-01 2023-02-28 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -190 0 -100.00
2023-03-01 2023-02-28 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 190 190
2022-05-17 2022-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -723 52,754 -1.35 84.66 -61,209 4,466,154
2021-05-28 2021-05-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -2,858 53,477 -5.07
2021-05-28 2021-05-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 2,858 2,858
2021-05-21 2021-05-19 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -110 0 -100.00
2021-05-21 2021-05-19 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -110 0 -100.00
2021-05-21 2021-05-19 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 110 110
2021-05-18 2021-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -584 50,729 -1.14 74.00 -43,216 3,753,946
2020-12-03 2020-12-02 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -100 0 -100.00
2020-12-03 2020-12-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -100 0 -100.00
2020-12-03 2020-12-02 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 100 100
2020-06-26 2020-06-26 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -175 0 -100.00
2020-06-26 2020-06-26 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -175 0 -100.00
2020-06-26 2020-06-26 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 175 175
2020-05-29 2020-05-28 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -1,800 51,588 -3.37
2020-05-29 2020-05-28 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 1,800 1,800
2020-05-04 2020-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -727 49,788 -1.44 59.38 -43,169 2,956,411
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -2,000 0 -100.00
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -2,000 0 -100.00 48.32 -96,640
2020-03-24 2020-03-23 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 2,000 2,000
2020-02-07 2020-02-07 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -2,000 0 -100.00
2020-02-07 2020-02-07 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -2,000 0 -100.00 56.16 -112,320
2020-02-07 2020-02-07 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 2,000 2,000
2019-11-14 2019-08-12 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -235 0 -100.00
2019-11-14 2019-08-12 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		G - Gift -235 0 -100.00
2019-11-14 2019-08-12 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 235 235
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -1,722 54,750 -3.05
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -667 1,722 -27.92 47.22 -31,496 81,313
2019-05-17 2019-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 2,389 2,389
2019-05-02 2019-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -726 53,028 -1.35 49.32 -35,806 2,615,341
2019-02-04 2019-01-31 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -1,000 0 -100.00
2019-02-04 2019-01-31 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -1,000 0 -100.00 44.08 -44,080
2019-02-04 2019-01-31 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 1,000 1,000
2018-06-04 2018-06-04 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -655 0 -100.00
2018-06-04 2018-06-04 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -655 0 -100.00 49.11 -32,167
2018-06-04 2018-06-04 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 655 655
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -2,642 55,409 -4.55
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		F - Taxes -251 2,642 -8.68
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 505 2,893 21.15
2018-05-21 2018-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 2,388 2,388
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -4,599 0 -100.00
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -4,599 0 -100.00 46.75 -215,003
2018-03-19 2018-03-15 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 4,599 4,599
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -289 0 -100.00
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -289 0 -100.00 41.62 -12,030
2017-11-07 2017-11-03 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 289 289
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -6,063 0 -100.00
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -4,014 0 -100.00 41.62 -167,083
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		F - Taxes -2,049 4,014 -33.80 41.28 -84,583 165,698
2017-11-01 2017-10-30 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 6,063 6,063
2017-05-17 2017-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -2,552 63,718 -3.85
2017-05-17 2017-05-15 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 2,552 2,552
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class B Common Stock 		C - Conversion -835 0 -100.00
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		S - Sale -835 0 -100.00 29.05 -24,257
2017-03-17 2017-03-15 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		C - Conversion 835 835
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class B Common Stock 		C - Conversion -7,448 0 -100.00
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		S - Sale -5,569 0 -100.00 29.25 -162,893
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		F - Taxes -1,879 5,569 -25.23 32.30 -60,692 179,879
2017-02-16 2017-02-14 4 HLI HOULIHAN LOKEY, INC.
Class A Common Stock 		C - Conversion 7,448 7,448
2016-05-03 2016-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -7,285 69,449 -9.49
2016-05-03 2016-04-30 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 7,285 7,285
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		Z - Other -62,164 62,164 -50.00
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		C - Conversion -3,917 62,164 -5.93
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS B COMMON STOCK 		A - Award 66,081 66,081
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		S - Sale -3,917 0 -100.00 21.00 -82,257
2015-08-20 2015-08-18 4 HLI HOULIHAN LOKEY, INC.
CLASS A COMMON STOCK 		C - Conversion 3,917 3,917
P
Open market or private purchase of non-derivative or derivative security
S
Open market or private sale of non-derivative or derivative security
A
Grant, award, or other acquisition of securities from the company (such as an option)
C
Conversion of derivative
D
Sale or transfer of securities back to the company
F
Payment of exercise price or tax liability using portion of securities received from the company
G
Gift of securities by or to the insider
K
Equity swaps and similar hedging transactions
M
Exercise or conversion of derivative security received from the company (such as an option)
V
A transaction voluntarily reported on Form 4
J
Other (accompanied by a footnote describing the transaction)