Houlihan Lokey (NYSE:HLI) CEO Scott L. Beiser sold 14,434 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total value of $674,789.50. Following the completion of the transaction, the chief executive officer now owns 14,434 shares of the company’s stock, valued at approximately $674,789.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Houlihan Lokey stock opened at $44.23 on Wednesday. The stock has a market capitalization of $2,880.89, a price-to-earnings ratio of 18.69, a PEG ratio of 0.88 and a beta of 0.57. Houlihan Lokey has a fifty-two week low of $32.08 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. The business had revenue of $258.90 million during the quarter, compared to the consensus estimate of $240.98 million. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. sell-side analysts predict that Houlihan Lokey will post 2.32 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Investors of record on Friday, March 2nd were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 42.33%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HLI. Advisor Group Inc. raised its position in shares of Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,720 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in Houlihan Lokey by 1,374.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 2,446 shares in the last quarter. AMP Capital Investors Ltd purchased a new stake in Houlihan Lokey during the 4th quarter valued at about $245,000. ETRADE Capital Management LLC purchased a new stake in Houlihan Lokey during the 3rd quarter valued at about $250,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Houlihan Lokey during the 4th quarter valued at about $261,000. Hedge funds and other institutional investors own 40.66% of the company’s stock.
Several research firms have recently weighed in on HLI. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 price target for the company in a research note on Monday, December 25th. Bank of America boosted their price objective on shares of Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Buckingham Research assumed coverage on shares of Houlihan Lokey in a research note on Thursday, April 5th. They issued a “buy” rating and a $54.00 price objective for the company. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $52.00 price objective on shares of Houlihan Lokey in a research note on Thursday, January 11th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $50.50.
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Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; 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; and advises financial sponsors on various transactions.
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