Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) Chairman Irwin Gold sold 6,811 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Irwin Gold also recently made the following trade(s):
- On Monday, June 30th, Irwin Gold sold 5,000 shares of Houlihan Lokey stock. The stock was sold at an average price of $182.81, for a total value of $914,050.00.
Houlihan Lokey Price Performance
NYSE:HLI traded down $0.86 during mid-day trading on Monday, reaching $207.87. 277,494 shares of the company's stock traded hands, compared to its average volume of 408,240. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $209.39. The firm has a market capitalization of $14.62 billion, a price-to-earnings ratio of 28.99 and a beta of 0.86. The company has a 50 day moving average price of $196.23 and a 200-day moving average price of $177.84.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.45. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The company had revenue of $605.35 million for the quarter, compared to the consensus estimate of $573.07 million. During the same quarter in the previous year, the business earned $1.22 EPS. Houlihan Lokey's revenue was up 17.8% compared to the same quarter last year. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.
Houlihan Lokey Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey's payout ratio is currently 40.40%.
Institutional Trading of Houlihan Lokey
A number of hedge funds have recently made changes to their positions in HLI. D. E. Shaw & Co. Inc. boosted its position in shares of Houlihan Lokey by 49.8% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 13,477 shares of the financial services provider's stock worth $2,340,000 after purchasing an additional 4,483 shares in the last quarter. Quantinno Capital Management LP bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $252,000. ProShare Advisors LLC boosted its position in shares of Houlihan Lokey by 8.3% in the 4th quarter. ProShare Advisors LLC now owns 2,507 shares of the financial services provider's stock worth $435,000 after purchasing an additional 192 shares in the last quarter. Rafferty Asset Management LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $213,000. Finally, Sherbrooke Park Advisers LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $209,000. 78.07% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on HLI shares. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and boosted their price target for the company from $185.00 to $232.00 in a report on Monday, July 14th. Wall Street Zen downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company upped their target price on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Finally, Morgan Stanley upped their target price on Houlihan Lokey from $192.00 to $213.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Houlihan Lokey currently has an average rating of "Moderate Buy" and an average price target of $210.60.
Read Our Latest Stock Analysis on HLI
About Houlihan Lokey
(
Get Free Report)
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
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