Houlihan Lokey, Inc. (NYSE:HLI) CEO Scott L. Beiser sold 63,688 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $2,651,331.44. Following the transaction, the chief executive officer now directly owns 78,108 shares of the company’s stock, valued at $3,251,636.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Houlihan Lokey, Inc. (NYSE HLI) traded up $0.11 on Monday, reaching $41.78. 206,200 shares of the company’s stock traded hands, compared to its average volume of 252,206. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey, Inc. has a one year low of $23.63 and a one year high of $44.15. The firm has a market capitalization of $2,785.43, a price-to-earnings ratio of 18.82, a P/E/G ratio of 2.78 and a beta of 0.38.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The company had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts predict that Houlihan Lokey, Inc. will post 2.1 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.91%. Houlihan Lokey’s payout ratio is currently 37.91%.
Several research analysts recently issued reports on the stock. BidaskClub cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Houlihan Lokey in a report on Tuesday, October 3rd. TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. Bank of America Corporation increased their price target on shares of Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Houlihan Lokey has a consensus rating of “Buy” and an average price target of $42.33.
Several hedge funds have recently added to or reduced their stakes in the company. OxFORD Asset Management LLP grew its position in shares of Houlihan Lokey by 4.8% in the third quarter. OxFORD Asset Management LLP now owns 98,705 shares of the financial services provider’s stock valued at $3,856,000 after purchasing an additional 4,534 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Houlihan Lokey by 108.3% in the third quarter. Dimensional Fund Advisors LP now owns 329,233 shares of the financial services provider’s stock valued at $12,883,000 after purchasing an additional 171,153 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Houlihan Lokey in the third quarter valued at approximately $1,287,000. Schwab Charles Investment Management Inc. grew its position in shares of Houlihan Lokey by 157.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 120,570 shares of the financial services provider’s stock valued at $4,718,000 after purchasing an additional 73,670 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Houlihan Lokey by 53.9% in the third quarter. Wells Fargo & Company MN now owns 354,501 shares of the financial services provider’s stock valued at $13,871,000 after purchasing an additional 124,177 shares during the last quarter. Institutional investors and hedge funds own 32.76% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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