Houlihan Lokey Inc (NYSE:HLI) General Counsel Christopher M. Crain sold 2,000 shares of Houlihan Lokey stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $48.32, for a total value of $96,640.00. Following the transaction, the general counsel now directly owns 2,000 shares in the company, valued at approximately $96,640. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
HLI traded up $0.08 during trading on Thursday, reaching $45.95. 15,581 shares of the stock were exchanged, compared to its average volume of 680,428. The business’s 50 day moving average price is $52.69 and its two-hundred day moving average price is $49.08. 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 capitalization of $3.10 billion, a price-to-earnings ratio of 17.86 and a beta of 0.88. Houlihan Lokey Inc has a 1 year low of $41.80 and a 1 year high of $59.36.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Monday, February 3rd. The financial services provider reported $0.88 EPS for the quarter, topping the Zacks’ 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 the consensus estimate of $296.36 million. During the same period in the previous year, the business earned $0.77 earnings per share. Houlihan Lokey’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, analysts anticipate that Houlihan Lokey Inc will post 3.09 EPS for the current year.
Several large investors have recently modified their holdings of HLI. Franklin Resources Inc. lifted 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 worth $62,910,000 after buying an additional 518,543 shares during the last quarter. Evoke Wealth LLC acquired a new position in Houlihan Lokey during the 3rd quarter worth $358,000. Man Group plc lifted its holdings in Houlihan Lokey by 117.6% during the 3rd quarter. Man Group plc now owns 58,634 shares of the financial services provider’s stock worth $2,645,000 after buying an additional 31,690 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in Houlihan Lokey by 106.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 57,414 shares of the financial services provider’s stock worth $2,589,000 after buying an additional 29,639 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in Houlihan Lokey during the 4th quarter worth $1,713,000. Institutional investors and hedge funds own 67.48% of the company’s stock.
HLI has been the topic of a number of research analyst reports. Morgan Stanley initiated coverage on 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. Buckingham Research boosted their target price on Houlihan Lokey from $51.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Zacks Investment Research upgraded 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. ValuEngine upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods downgraded Houlihan Lokey from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $52.00 to $53.00 in a research report on Sunday, January 26th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Houlihan Lokey currently has a consensus rating of “Buy” and a consensus 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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