Houlihan Lokey (HLI) Getting Somewhat Positive Media Coverage, Accern Reports
News coverage about Houlihan Lokey (NYSE:HLI) has trended somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Houlihan Lokey earned a news impact score of 0.08 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 45.4787449535347 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Houlihan Lokey (NYSE HLI) traded up $0.77 on Tuesday, hitting $44.19. 140,263 shares of the company traded hands, compared to its average volume of 251,336. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.92. Houlihan Lokey has a twelve month low of $26.69 and a twelve month high of $44.43. The firm has a market capitalization of $2,910.00 and a PE ratio of 19.10.
Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. During the same period last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 29.9% on a year-over-year basis. research analysts expect that Houlihan Lokey will post 2.1 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a $0.20 dividend. The ex-dividend date is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.81%. Houlihan Lokey’s dividend payout ratio is presently 37.91%.
Several equities research analysts have issued reports on the stock. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. UBS AG raised their price target on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. J P Morgan Chase & Co initiated coverage on shares of Houlihan Lokey in a research report on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 target price on the stock. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $40.00 target price on shares of Houlihan Lokey in a research report on Sunday, August 27th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $42.33.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total transaction of $24,901,917.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Joseph Adelson sold 60,589 shares of Houlihan Lokey stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the transaction, the insider now directly owns 90,683 shares in the company, valued at $3,775,133.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,807,387 shares of company stock worth $113,183,620. 69.70% of the stock is currently owned by corporate insiders.
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.
Receive News & Stock Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related stocks with our FREE daily email newsletter.