Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser Sells 9,502 Shares of Stock

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.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Thursday, March 5th were given a $0.31 dividend. The ex-dividend date was Wednesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.68%. Houlihan Lokey’s dividend payout ratio is presently 43.21%.

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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Insider Buying and Selling by Quarter for Houlihan Lokey (NYSE:HLI)

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