Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Houlihan Lokey (HLI) Stock Price

Media stories about Houlihan Lokey (NYSE:HLI) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Houlihan Lokey earned a news impact score of 0.12 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 44.8045931724401 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 (HLI) traded up $0.37 during mid-day trading on Monday, hitting $45.84. The stock had a trading volume of 155,900 shares, compared to its average volume of 244,456. Houlihan Lokey has a 52 week low of $29.51 and a 52 week high of $46.99. The company has a market cap of $3,020.00 and a price-to-earnings ratio of 21.73. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The company had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. During the same period in the prior year, the company posted $0.37 EPS. The company’s revenue was up 29.9% compared to the same quarter last year. research analysts expect that Houlihan Lokey will post 2.1 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.75%. Houlihan Lokey’s dividend payout ratio is currently 37.91%.

Several brokerages recently issued reports on HLI. ValuEngine upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. UBS Group boosted their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. began coverage on Houlihan Lokey in a research note on Tuesday, September 12th. They set an “overweight” rating and a $42.00 price target on the stock. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a research note on Thursday, October 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $40.00 price target on shares of Houlihan Lokey in a research note 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’s stock. The company presently has an average rating of “Buy” and an average target price of $43.83.

In other news, insider J Lindsey Alley sold 973 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $40,505.99. Following the sale, the insider now directly owns 973 shares in the company, valued at approximately $40,505.99. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total value of $72,852,500.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,120,627 shares of company stock worth $88,281,702. Corporate insiders own 69.70% of the company’s stock.

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Houlihan Lokey Company Profile

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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