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. “
Other equities analysts also recently issued research reports about the company. ValuEngine downgraded Houlihan Lokey from a hold rating to a sell rating in a report on Monday, October 7th. Morgan Stanley initiated coverage on shares of Houlihan Lokey in a research report on Wednesday, November 27th. They issued an equal weight rating and a $49.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Houlihan Lokey currently has a consensus rating of Hold and an average target price of $49.38.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.70. Houlihan Lokey had a return on equity of 22.34% and a net margin of 14.85%. The business had revenue of $272.81 million for the quarter, compared to the consensus estimate of $268.03 million. During the same period last year, the business earned $0.70 EPS. The firm’s revenue was down .8% compared to the same quarter last year. On average, research analysts predict that Houlihan Lokey will post 2.92 earnings per share for the current year.
The firm 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 $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Wednesday, December 4th. Houlihan Lokey’s dividend payout ratio is currently 43.21%.
In other news, CFO J Lindsey Alley sold 17,500 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $47.00, for a total value of $822,500.00. Following the completion of the sale, the chief financial officer now directly owns 17,500 shares of the company’s stock, valued at $822,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Irwin Gold sold 20,000 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was 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 approximately $940,600. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 162,373 shares of company stock worth $7,756,803. 38.23% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Houlihan Lokey by 4.8% in the 1st quarter. FMR LLC now owns 666,508 shares of the financial services provider’s stock valued at $30,559,000 after purchasing an additional 30,698 shares during the period. First Trust Advisors LP raised its position in shares of Houlihan Lokey by 810.4% during the first quarter. First Trust Advisors LP now owns 116,873 shares of the financial services provider’s stock valued at $5,359,000 after buying an additional 104,036 shares during the last quarter. Brookstone Capital Management raised its position in shares of Houlihan Lokey by 30.4% during the second quarter. Brookstone Capital Management now owns 10,518 shares of the financial services provider’s stock valued at $468,000 after buying an additional 2,455 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of Houlihan Lokey by 4.9% in the second quarter. Janney Montgomery Scott LLC now owns 7,744 shares of the financial services provider’s stock valued at $345,000 after buying an additional 361 shares during the period. Finally, Boston Advisors LLC bought a new stake in shares of Houlihan Lokey in the second quarter valued at about $939,000. 64.04% of the stock is currently owned by institutional investors and hedge funds.
About Houlihan Lokey
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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