Houlihan Lokey, Inc. (NYSE:HLI) Director Robert A. Schriesheim purchased 131 shares of the business’s stock in a transaction that occurred on Thursday, September 16th. The stock was bought at an average price of $90.64 per share, with a total value of $11,873.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of HLI opened at $90.82 on Tuesday. Houlihan Lokey, Inc. has a one year low of $55.25 and a one year high of $92.16. The company has a market cap of $6.21 billion, a P/E ratio of 17.81 and a beta of 0.68. The firm has a 50 day simple moving average of $87.68 and a two-hundred day simple moving average of $77.59.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, August 3rd. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.07. The company had revenue of $372.70 million during the quarter, compared to the consensus estimate of $380.84 million. Houlihan Lokey had a net margin of 20.90% and a return on equity of 26.92%. The company’s revenue for the quarter was up 76.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post 4.47 earnings per share for the current year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $97.00 price target for the company in a research note on Friday, August 6th. Keefe, Bruyette & Woods cut Houlihan Lokey from a “market perform” rating to an “underperform” rating and set a $80.00 price target for the company. in a research note on Wednesday, July 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $75.00.
Several large investors have recently made changes to their positions in HLI. Versant Capital Management Inc increased its holdings in Houlihan Lokey by 112.5% in the second quarter. Versant Capital Management Inc now owns 306 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 162 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Houlihan Lokey in the second quarter valued at $32,000. Cullen Frost Bankers Inc. acquired a new stake in Houlihan Lokey in the second quarter valued at $48,000. Van ECK Associates Corp increased its holdings in Houlihan Lokey by 135.7% in the second quarter. Van ECK Associates Corp now owns 726 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 418 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. increased its holdings in Houlihan Lokey by 22.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 830 shares of the financial services provider’s stock valued at $221,000 after purchasing an additional 150 shares during the period. Institutional investors own 76.34% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.
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