Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 29,693 shares of Houlihan Lokey stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $48.42, for a total value of $1,437,735.06. Following the sale, the chairman now directly owns 29,693 shares in the company, valued at $1,437,735.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Irwin Gold also recently made the following trade(s):
- On Thursday, March 19th, Irwin Gold sold 15,000 shares of Houlihan Lokey stock. The stock was sold at an average price of $49.50, for a total value of $742,500.00.
- On Monday, December 30th, Irwin Gold sold 10,000 shares of Houlihan Lokey stock. The shares were sold at an average price of $49.11, for a total value of $491,100.00.
Shares of Houlihan Lokey stock traded up $0.47 during midday trading on Thursday, hitting $46.34. 10,245 shares of the company traded hands, compared to its average volume of 680,428. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 17.71 and a beta of 0.88. Houlihan Lokey Inc has a 12 month low of $41.80 and a 12 month high of $59.36. The firm’s fifty day moving average price is $52.69 and its 200-day moving average price is $49.08.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.11. The business had revenue of $333.52 million during the quarter, compared to the consensus estimate of $296.36 million. Houlihan Lokey had a return on equity of 22.49% and a net margin of 14.82%. Houlihan Lokey’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. Equities research analysts forecast that Houlihan Lokey Inc will post 3.09 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Thursday, March 5th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date was Wednesday, March 4th. Houlihan Lokey’s payout ratio is 43.21%.
HLI has been the topic of a number of recent analyst reports. Buckingham Research boosted their price target on shares of Houlihan Lokey from $51.00 to $57.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Thursday, February 6th. ValuEngine raised Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. UBS Group dropped their price target on Houlihan Lokey from $59.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Keefe, Bruyette & Woods lowered Houlihan Lokey from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $52.00 to $53.00 in a research report on Sunday, January 26th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.66.
A number of institutional investors and hedge funds have recently modified their holdings of HLI. Assetmark Inc. raised its stake in Houlihan Lokey by 35.2% in the fourth quarter. Assetmark Inc. now owns 710 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 185 shares in the last quarter. First Bank & Trust boosted its holdings in shares of 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 period. Huntington National Bank purchased a new position in Houlihan Lokey during the 4th quarter valued at about $49,000. Resources Management Corp CT ADV purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $86,000. Finally, CFM Wealth Partners LLC bought a new position in Houlihan Lokey in the 4th quarter worth $90,000. 67.48% of the stock is currently owned by institutional investors and hedge funds.
Houlihan Lokey Company Profile
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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