Insider Selling: Houlihan Lokey, Inc. (HLI) General Counsel Sells $12,031.07 in Stock
Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher M. Crain sold 289 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $12,031.07. Following the transaction, the general counsel now owns 289 shares of the company’s stock, valued at $12,031.07. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Houlihan Lokey, Inc. (HLI) traded up $0.21 during trading on Friday, reaching $41.88. 104,786 shares of the company’s stock traded hands, compared to its average volume of 251,318. The company has a market cap of $2,778.76, a PE ratio of 18.77, a P/E/G ratio of 2.78 and a beta of 0.38. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.00 and a current ratio of 1.00. Houlihan Lokey, Inc. has a 52-week low of $23.63 and a 52-week high of $44.15.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.15. The firm had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 20.05%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. equities analysts forecast that Houlihan Lokey, Inc. will post 2.1 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a yield of 1.91%. Houlihan Lokey’s dividend payout ratio is currently 37.91%.
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Institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its holdings in Houlihan Lokey by 29.3% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 192,943 shares of the financial services provider’s stock valued at $6,734,000 after acquiring an additional 43,706 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Houlihan Lokey by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 137,759 shares of the financial services provider’s stock worth $4,808,000 after purchasing an additional 4,238 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Houlihan Lokey by 122.1% during the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock worth $41,645,000 after purchasing an additional 655,940 shares during the period. Sawgrass Asset Management LLC bought a new position in shares of Houlihan Lokey during the second quarter worth approximately $369,000. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Houlihan Lokey by 402.6% during the first quarter. Goldman Sachs Group Inc. now owns 76,002 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 60,879 shares during the period. 32.27% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have recently commented on HLI. BidaskClub downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Bank of America Corporation increased their price objective on shares of Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods restated a “buy” rating on shares of Houlihan Lokey in a research note on Tuesday, October 3rd. TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Finally, Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, July 28th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $42.33.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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