Shares of Houlihan Lokey, Inc. (NYSE:HLI) were up 5.3% on Tuesday after an insider bought additional shares in the company. The stock traded as high as $32.59 and last traded at $32.30, with a volume of 752,567 shares. The stock had previously closed at $30.67.
Specifically, Director Robert A. Schriesheim bought 4,870 shares of Houlihan Lokey stock in a transaction dated Monday, February 13th. The stock was acquired at an average cost of $30.73 per share, with a total value of $149,655.10. Following the completion of the acquisition, the director now directly owns 16,361 shares in the company, valued at approximately $502,773.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 60.40% of the company’s stock.
HLI has been the subject of several research analyst reports. Bank of America Corporation reissued a “buy” rating on shares of Houlihan Lokey in a research note on Wednesday, December 14th. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, October 25th.
The firm has a market capitalization of $2.16 billion, a PE ratio of 22.15 and a beta of 0.38. The stock has a 50 day moving average of $31.14 and a 200 day moving average of $27.25.
Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, February 1st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.07. The company earned $248 million during the quarter, compared to analysts’ expectations of $225.36 million. Houlihan Lokey had a return on equity of 16.62% and a net margin of 12.15%. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. On average, analysts predict that Houlihan Lokey, Inc. will post $1.77 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be paid a $0.20 dividend. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Wednesday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 46.58%.
Several large investors have recently added to or reduced their stakes in HLI. Wells Fargo & Company MN boosted its stake in Houlihan Lokey by 18.8% in the third quarter. Wells Fargo & Company MN now owns 4,198 shares of the company’s stock valued at $105,000 after buying an additional 665 shares during the period. Victory Capital Management Inc. purchased a new stake in Houlihan Lokey during the third quarter valued at approximately $108,000. Strs Ohio boosted its stake in Houlihan Lokey by 74.4% in the third quarter. Strs Ohio now owns 6,800 shares of the company’s stock valued at $170,000 after buying an additional 2,900 shares during the period. Trexquant Investment LP bought a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $214,000. Finally, Ellington Management Group LLC bought a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $330,000. 97.74% of the stock is owned by institutional investors.
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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), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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