Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 7,126 shares of the firm’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $48.42, for a total value of $345,040.92. Following the completion of the transaction, the insider now owns 7,126 shares of the company’s stock, valued at approximately $345,040.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NYSE:HLI traded up $0.47 during trading on Thursday, reaching $46.34. The stock had a trading volume of 10,245 shares, compared to its average volume of 680,428. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.10 billion, a P/E ratio of 17.71 and a beta of 0.88. The business has a fifty day moving average price of $52.69 and a 200-day moving average price of $49.08. Houlihan Lokey Inc has a fifty-two week low of $41.80 and a fifty-two week high of $59.36.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Monday, February 3rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.77 by $0.11. The firm had revenue of $333.52 million for the quarter, compared to analyst estimates of $296.36 million. Houlihan Lokey had a net margin of 14.82% and a return on equity of 22.49%. Houlihan Lokey’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 earnings per share. As a group, equities analysts forecast that Houlihan Lokey Inc will post 3.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Thursday, March 5th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend was Wednesday, March 4th. Houlihan Lokey’s dividend payout ratio is presently 43.21%.
Hedge funds have recently bought and sold shares of the company. Assetmark Inc. grew its holdings in Houlihan Lokey by 35.2% during 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 in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in Houlihan Lokey by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,839 shares of the financial services provider’s stock worth $1,214,000 after purchasing an additional 200 shares during the last quarter. American International Group Inc. raised its position in shares of Houlihan Lokey by 1.2% in the 4th quarter. American International Group Inc. now owns 26,359 shares of the financial services provider’s stock valued at $1,288,000 after purchasing an additional 314 shares in the last quarter. First Bank & Trust boosted its stake in shares of Houlihan Lokey by 297.7% during the 4th quarter. First Bank & Trust now owns 851 shares of the financial services provider’s stock valued at $42,000 after buying an additional 637 shares during the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Houlihan Lokey by 50.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,090 shares of the financial services provider’s stock valued at $103,000 after buying an additional 701 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.
HLI has been the topic of a number of research reports. Morgan Stanley assumed coverage on shares of Houlihan Lokey in a research note on Wednesday, November 27th. They issued an “equal weight” rating and a $49.00 price objective on the stock. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $63.00 price target on the stock in a research report on Thursday, February 6th. UBS Group dropped their price objective 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. Buckingham Research upped their target price on Houlihan Lokey from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Finally, ValuEngine raised Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target 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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