Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) General Counsel Christopher Crain sold 1,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $140.15, for a total transaction of $140,150.00. Following the transaction, the general counsel owned 1,000 shares of the company’s stock, valued at $140,150. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Houlihan Lokey Price Performance
HLI stock traded up $1.17 during midday trading on Thursday, hitting $136.44. The company’s stock had a trading volume of 1,321,840 shares, compared to its average volume of 714,848. The company’s fifty day moving average price is $133.69 and its 200 day moving average price is $142.91. Houlihan Lokey, Inc. has a twelve month low of $112.83 and a twelve month high of $211.78. The stock has a market capitalization of $9.42 billion, a P/E ratio of 22.93, a PEG ratio of 1.56 and a beta of 0.96.
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business’s revenue was down 15.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.14 EPS. Equities analysts expect that Houlihan Lokey, Inc. will post 6.93 EPS for the current fiscal year.
Houlihan Lokey Announces Dividend
Hedge Funds Weigh In On Houlihan Lokey
Several institutional investors and hedge funds have recently modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at about $32,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Houlihan Lokey in the fourth quarter valued at approximately $33,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Houlihan Lokey by 103.4% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock valued at $34,000 after buying an additional 120 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in Houlihan Lokey during the second quarter worth approximately $39,000. Finally, CIBC Private Wealth Group LLC grew its position in Houlihan Lokey by 177.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider’s stock worth $48,000 after buying an additional 177 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on the company. BMO Capital Markets reduced their price target on Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Wolfe Research upgraded Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. US Capital Advisors set a $187.00 price target on Houlihan Lokey in a research note on Thursday, July 9th. The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Finally, Bank of America assumed coverage on shares of Houlihan Lokey in a research note on Friday, July 10th. They set a “buy” rating and a $164.00 target price for the company. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $166.38.
View Our Latest Stock Report on HLI
About Houlihan Lokey
Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.
The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.
Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.
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