Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 9,502 shares of the company’s 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 $460,086.84. Following the sale, the chief executive officer now directly owns 9,502 shares of the company’s stock, valued at $460,086.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
NYSE HLI traded up $0.47 during mid-day trading on Thursday, hitting $46.34. The stock had a trading volume of 10,245 shares, compared to its average volume of 680,428. The company has a 50 day simple moving average of $52.69 and a 200 day simple moving average of $49.08. The company 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 52-week low of $41.80 and a 52-week high of $59.36. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.16.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Monday, February 3rd. The financial services provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.77 by $0.11. Houlihan Lokey had a return on equity of 22.49% and a net margin of 14.82%. The company had revenue of $333.52 million for the quarter, compared to analyst estimates of $296.36 million. During the same quarter in the prior year, the company earned $0.77 earnings per share. Houlihan Lokey’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Houlihan Lokey Inc will post 3.09 earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in Houlihan Lokey by 67.5% during the 4th quarter. Franklin Resources Inc. now owns 1,287,298 shares of the financial services provider’s stock valued at $62,910,000 after acquiring an additional 518,543 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Houlihan Lokey by 6.0% in the fourth quarter. Geode Capital Management LLC now owns 596,254 shares of the financial services provider’s stock valued at $29,138,000 after purchasing an additional 33,956 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Houlihan Lokey by 21.7% in the fourth quarter. Alliancebernstein L.P. now owns 1,324,371 shares of the financial services provider’s stock valued at $64,722,000 after purchasing an additional 236,292 shares in the last quarter. Man Group plc lifted its holdings in shares of Houlihan Lokey by 3.1% in the fourth quarter. Man Group plc now owns 60,461 shares of the financial services provider’s stock valued at $2,955,000 after purchasing an additional 1,827 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in shares of Houlihan Lokey by 50.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,090 shares of the financial services provider’s stock valued at $103,000 after purchasing an additional 701 shares during the last quarter. Institutional investors and hedge funds own 67.48% of the company’s stock.
A number of research analysts recently weighed in on the company. ValuEngine raised Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Buckingham Research raised their target price on Houlihan Lokey from $51.00 to $57.00 and gave the company a “buy” rating in a report on Monday, January 13th. Morgan Stanley started coverage on shares of Houlihan Lokey in a research report on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 target price on the stock. Keefe, Bruyette & Woods cut shares of Houlihan Lokey from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $52.00 to $53.00 in a research note on Sunday, January 26th. Finally, UBS Group cut their price target on shares of Houlihan Lokey from $59.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Houlihan Lokey has a consensus rating of “Buy” and an average target price of $53.66.
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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