Houlihan Lokey Inc (NYSE:HLI) General Counsel Christopher M. Crain sold 2,000 shares of the stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $48.32, for a total transaction of $96,640.00. Following the transaction, the general counsel now owns 2,000 shares of the company’s stock, valued at $96,640. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
NYSE:HLI traded up $0.08 during mid-day trading on Thursday, hitting $45.95. The stock had a trading volume of 15,581 shares, compared to its average volume of 680,428. Houlihan Lokey Inc has a twelve month low of $41.80 and a twelve month high of $59.36. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. The company’s 50 day simple moving average is $52.69 and its 200 day simple moving average is $49.08. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.91.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Monday, February 3rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Houlihan Lokey had a net margin of 14.82% and a return on equity of 22.49%. The business had revenue of $333.52 million during the quarter, compared to the consensus estimate of $296.36 million. During the same period last year, the business posted $0.77 EPS. Houlihan Lokey’s revenue was up 11.9% on a year-over-year basis. As a group, equities analysts forecast that Houlihan Lokey Inc will post 3.09 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Thursday, March 5th were paid a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.24 annualized dividend and a yield of 2.70%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.21%.
Large investors have recently modified their holdings of the stock. Assetmark Inc. lifted its stake in Houlihan Lokey by 35.2% in the 4th quarter. Assetmark Inc. now owns 710 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares during the last quarter. First Bank & Trust boosted its holdings in Houlihan Lokey by 297.7% during the fourth quarter. First Bank & Trust now owns 851 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 637 shares during the last quarter. Huntington National Bank purchased a new position in Houlihan Lokey during the fourth quarter worth about $49,000. Resources Management Corp CT ADV purchased a new position in Houlihan Lokey during the third quarter worth about $86,000. Finally, CFM Wealth Partners LLC purchased a new position in Houlihan Lokey during the fourth quarter worth about $90,000. Institutional investors and hedge funds own 67.48% of the company’s stock.
HLI has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Houlihan Lokey in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 price objective for the company. Keefe, Bruyette & Woods downgraded shares of Houlihan Lokey from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $52.00 to $53.00 in a research note on Sunday, January 26th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Thursday, February 6th. UBS Group cut their target price on shares of Houlihan Lokey from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, ValuEngine upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Houlihan Lokey presently has an average rating of “Buy” and an average target price of $53.66.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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