According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segments consist of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings; Financial Advisory Services, including financial opinions and a variety of valuation services; and Strategic Consulting, which advises in the areas of strategy development, operations, and performance improvement. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is headquartered in LOS ANGELES, United States. “
Separately, ValuEngine lowered shares of Houlihan Lokey from a hold rating to a sell rating in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $49.44.
HLI traded up $0.10 during midday trading on Friday, reaching $47.99. 127,226 shares of the company’s stock were exchanged, compared to its average volume of 281,054. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 16.72 and a beta of 0.98. The company has a quick ratio of 1.01, a current ratio of 0.85 and a debt-to-equity ratio of 0.18. Houlihan Lokey has a one year low of $34.31 and a one year high of $50.00. The business has a 50-day simple moving average of $45.82 and a two-hundred day simple moving average of $45.50.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, hitting analysts’ consensus estimates of $0.70. The firm had revenue of $272.81 million during the quarter, compared to analysts’ expectations of $268.03 million. Houlihan Lokey had a net margin of 14.85% and a return on equity of 22.34%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 earnings per share. As a group, research analysts anticipate that Houlihan Lokey will post 2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be given a dividend of $0.31 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. Houlihan Lokey’s dividend payout ratio is 43.21%.
In related news, insider Scott Joseph Adelson sold 57,873 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $48.09, for a total value of $2,783,112.57. Following the sale, the insider now directly owns 57,873 shares of the company’s stock, valued at approximately $2,783,112.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Irwin Gold sold 20,000 shares of Houlihan Lokey stock in a transaction on Friday, September 13th. The shares were sold at an average price of $47.03, for a total transaction of $940,600.00. Following the completion of the sale, the chairman now owns 20,000 shares in the company, valued at $940,600. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,373 shares of company stock worth $6,456,213. Insiders own 38.23% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in HLI. Tower Research Capital LLC TRC acquired a new position in Houlihan Lokey in the 2nd quarter valued at about $29,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Houlihan Lokey in the 3rd quarter valued at approximately $34,000. Coastal Investment Advisors Inc. acquired a new position in Houlihan Lokey in the 2nd quarter valued at approximately $56,000. Aperio Group LLC acquired a new stake in shares of Houlihan Lokey during the second quarter worth $92,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Houlihan Lokey during the second quarter worth $99,000. Institutional investors own 63.92% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial 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.
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