According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segments consist of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings; Financial Advisory Services, including financial opinions and a variety of valuation services; and Strategic Consulting, which advises in the areas of strategy development, operations, and performance improvement. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is headquartered in LOS ANGELES, United States. “
Separately, ValuEngine lowered Houlihan Lokey from a hold rating to a sell rating in a report on Monday, October 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $49.44.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. Houlihan Lokey had a return on equity of 22.34% and a net margin of 14.85%. The business had revenue of $272.81 million during the quarter, compared to analyst estimates of $268.03 million. During the same period in the prior year, the company posted $0.70 EPS. The business’s revenue for the quarter was down .8% compared to the same quarter last year. As a group, equities analysts expect that Houlihan Lokey will post 2.92 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, December 5th will be given a $0.31 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.58%. Houlihan Lokey’s dividend payout ratio (DPR) is 43.21%.
In other news, Chairman Irwin Gold sold 20,000 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $47.03, for a total transaction of $940,600.00. Following the completion of the sale, the chairman now owns 20,000 shares in the company, valued at approximately $940,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Scott Joseph Adelson sold 57,873 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $48.09, for a total value of $2,783,112.57. Following the sale, the insider now owns 57,873 shares of the company’s stock, valued at approximately $2,783,112.57. The disclosure for this sale can be found here. Insiders sold 135,373 shares of company stock valued at $6,456,213 over the last 90 days. 38.23% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in HLI. Vanguard Group Inc. raised its stake in Houlihan Lokey by 2.2% during the 2nd quarter. Vanguard Group Inc. now owns 3,237,107 shares of the financial services provider’s stock valued at $144,149,000 after purchasing an additional 68,935 shares during the period. BlackRock Inc. increased its stake in shares of Houlihan Lokey by 3.8% in the second quarter. BlackRock Inc. now owns 2,434,525 shares of the financial services provider’s stock worth $108,409,000 after acquiring an additional 89,916 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Houlihan Lokey by 3.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,282,049 shares of the financial services provider’s stock worth $101,620,000 after acquiring an additional 65,804 shares during the last quarter. Earnest Partners LLC increased its stake in shares of Houlihan Lokey by 223.3% in the second quarter. Earnest Partners LLC now owns 1,589,115 shares of the financial services provider’s stock worth $70,763,000 after acquiring an additional 1,097,619 shares during the last quarter. Finally, Van Berkom & Associates Inc. increased its stake in shares of Houlihan Lokey by 438.8% in the second quarter. Van Berkom & Associates Inc. now owns 1,416,322 shares of the financial services provider’s stock worth $63,069,000 after acquiring an additional 1,153,459 shares during the last quarter. Institutional investors own 63.92% of the company’s stock.
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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