Houlihan Lokey, Inc. (NYSE:HLI) – Investment analysts at Seaport Global Securities increased their Q3 2021 earnings per share (EPS) estimates for shares of Houlihan Lokey in a research report issued to clients and investors on Wednesday, January 13th. Seaport Global Securities analyst J. Mitchell now expects that the financial services provider will earn $0.92 per share for the quarter, up from their prior estimate of $0.88. Seaport Global Securities currently has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Houlihan Lokey’s FY2021 earnings at $3.20 EPS.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.20. Houlihan Lokey had a net margin of 18.06% and a return on equity of 19.18%. The company had revenue of $275.74 million for the quarter, compared to analysts’ expectations of $224.80 million. During the same quarter in the previous year, the business posted $0.70 EPS. Houlihan Lokey’s revenue was up 1.1% compared to the same quarter last year.
NYSE:HLI opened at $72.24 on Thursday. The stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 23.76 and a beta of 0.66. Houlihan Lokey has a 52 week low of $42.86 and a 52 week high of $72.65. The firm has a 50 day moving average of $67.93 and a 200 day moving average of $61.46.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ropes Wealth Advisors LLC bought a new position in Houlihan Lokey during the 3rd quarter worth about $26,000. Jeppson Wealth Management LLC acquired a new stake in Houlihan Lokey in the 3rd quarter worth approximately $30,000. Nisa Investment Advisors LLC purchased a new stake in shares of Houlihan Lokey during the third quarter valued at $53,000. Harbor Investment Advisory LLC increased its holdings in shares of Houlihan Lokey by 91.9% in the third quarter. Harbor Investment Advisory LLC now owns 1,038 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 497 shares during the period. Finally, FinTrust Capital Advisors LLC lifted its stake in Houlihan Lokey by 60.4% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,160 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 437 shares during the period. Hedge funds and other institutional investors own 65.66% of the company’s stock.
In other news, Chairman Irwin Gold sold 4,979 shares of the business’s stock in a transaction on Tuesday, October 27th. The stock was sold at an average price of $65.09, for a total value of $324,083.11. Following the completion of the transaction, the chairman now directly owns 4,979 shares of the company’s stock, valued at approximately $324,083.11. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold a total of 19,400 shares of company stock worth $1,314,464 over the last quarter. Company insiders own 27.04% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 15th. Shareholders of record on Wednesday, December 2nd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Tuesday, December 1st. This represents a $1.32 annualized dividend and a yield of 1.83%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 41.25%.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation 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.
See Also: Gross Domestic Product (GDP)
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