Houlihan Lokey Inc (NYSE:HLI) General Counsel Christopher M. Crain Sells 2,000 Shares of Stock

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.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Thursday, March 5th were given a $0.31 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.24 annualized dividend and a dividend yield of 2.70%. Houlihan Lokey’s dividend payout ratio is currently 43.21%.

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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