Houlihan Lokey (NYSE:HLI) major shareholder Orix Hlhz Holding Llc sold 218,000 shares of Houlihan Lokey stock in a transaction dated Friday, May 18th. The stock was sold at an average price of $4,395,050.00, for a total transaction of $958,120,900,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Orix Hlhz Holding Llc also recently made the following trade(s):
- On Wednesday, May 16th, Orix Hlhz Holding Llc sold 25,307 shares of Houlihan Lokey stock. The shares were sold at an average price of $1,243,518.00, for a total transaction of $31,469,710,026.00.
Houlihan Lokey opened at $48.49 on Friday, MarketBeat reports. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.22 and a beta of 0.57. 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 has a 1 year low of $32.72 and a 1 year high of $52.81.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.07. Houlihan Lokey had a net margin of 17.88% and a return on equity of 20.08%. The company had revenue of $244.75 million during the quarter, compared to analysts’ expectations of $236.68 million. During the same period in the previous year, the company earned $0.59 EPS. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. research analysts expect that Houlihan Lokey will post 2.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Monday, June 4th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Friday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.23%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.20. Houlihan Lokey’s payout ratio is currently 33.47%.
Several large investors have recently bought and sold shares of HLI. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Houlihan Lokey by 1,175.8% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,277,490 shares of the financial services provider’s stock valued at $56,976,000 after purchasing an additional 1,177,361 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Houlihan Lokey by 401.2% in the 1st quarter. Millennium Management LLC now owns 872,930 shares of the financial services provider’s stock valued at $38,933,000 after purchasing an additional 698,759 shares in the last quarter. Bamco Inc. NY raised its holdings in shares of Houlihan Lokey by 180.1% in the 1st quarter. Bamco Inc. NY now owns 1,019,189 shares of the financial services provider’s stock valued at $45,456,000 after purchasing an additional 655,339 shares in the last quarter. ORIX USA Corp bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at about $19,909,000. Finally, Stifel Financial Corp raised its holdings in shares of Houlihan Lokey by 782.8% in the 1st quarter. Stifel Financial Corp now owns 328,433 shares of the financial services provider’s stock valued at $14,686,000 after purchasing an additional 291,228 shares in the last quarter. Institutional investors and hedge funds own 41.61% of the company’s stock.
Several research firms have issued reports on HLI. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Thursday, May 10th. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Buckingham Research began coverage on shares of Houlihan Lokey in a research report on Thursday, April 5th. They issued a “buy” rating and a $54.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.50.
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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