Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold Sells 29,693 Shares

Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 29,693 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $48.42, for a total transaction of $1,437,735.06. Following the sale, the chairman now directly owns 29,693 shares of the company’s stock, valued at approximately $1,437,735.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Irwin Gold also recently made the following trade(s):

  • On Thursday, March 19th, Irwin Gold sold 15,000 shares of Houlihan Lokey stock. The stock was sold at an average price of $49.50, for a total value of $742,500.00.
  • On Monday, December 30th, Irwin Gold sold 10,000 shares of Houlihan Lokey stock. The shares were sold at an average price of $49.11, for a total transaction of $491,100.00.

Shares of HLI stock traded up $0.47 during trading hours on Thursday, reaching $46.34. The company had a trading volume of 10,245 shares, compared to its average volume of 680,428. Houlihan Lokey Inc has a 12 month low of $41.80 and a 12 month high of $59.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 0.91 and a quick ratio of 0.91. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 17.71 and a beta of 0.88. The business has a fifty day simple moving average of $52.69 and a 200-day simple moving average of $49.08.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Monday, February 3rd. The financial services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.11. The business had revenue of $333.52 million during the quarter, compared to the consensus estimate of $296.36 million. Houlihan Lokey had a net margin of 14.82% and a return on equity of 22.49%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.77 earnings per share. On average, equities research analysts expect that Houlihan Lokey Inc will post 3.09 earnings per share for the current year.

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

Several equities research analysts have issued reports on the company. Morgan Stanley started coverage on Houlihan Lokey in a report on Wednesday, November 27th. They issued an “equal weight” rating and a $49.00 price target for the company. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, February 6th. UBS Group decreased 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 report on Wednesday. Buckingham Research lifted their price objective on shares of Houlihan Lokey from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Keefe, Bruyette & Woods lowered Houlihan Lokey from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $52.00 to $53.00 in a report on Sunday, January 26th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $53.66.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Assetmark Inc. grew its position in Houlihan Lokey by 35.2% during the fourth quarter. Assetmark Inc. now owns 710 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 185 shares during the last quarter. First Bank & Trust raised its stake in shares of Houlihan Lokey by 297.7% during the fourth quarter. First Bank & Trust now owns 851 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 637 shares during the last quarter. Huntington National Bank bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $49,000. Resources Management Corp CT ADV bought a new stake in Houlihan Lokey in the third quarter valued at $86,000. Finally, CFM Wealth Partners LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $90,000. 67.48% of the stock is owned by institutional investors.

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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