Houlihan Lokey Inc (HLI) General Counsel Christopher M. Crain Sells 835 Shares of Stock
Houlihan Lokey Inc (NYSE:HLI) General Counsel Christopher M. Crain sold 835 shares of the stock in a transaction that occurred on Wednesday, March 15th. The stock was sold at an average price of $29.05, for a total value of $24,256.75. Following the transaction, the general counsel now directly owns 835 shares of the company’s stock, valued at $24,256.75. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Houlihan Lokey Inc (NYSE:HLI) traded down 1.29% during trading on Monday, hitting $33.03. The stock had a trading volume of 232,615 shares. The firm’s 50-day moving average is $31.93 and its 200-day moving average is $28.39. The firm has a market cap of $2.20 billion, a P/E ratio of 22.65 and a beta of 0.38. Houlihan Lokey Inc has a one year low of $20.96 and a one year high of $34.66.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, February 1st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.07. Houlihan Lokey had a return on equity of 16.62% and a net margin of 12.15%. The business had revenue of $248 million for the quarter, compared to analyst estimates of $225.36 million. During the same period in the previous year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts forecast that Houlihan Lokey Inc will post $1.77 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Friday, March 3rd were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 46.58%.
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HLI has been the subject of a number of analyst reports. Bank of America Corp 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 “sell” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Friday, February 3rd.
A number of institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Houlihan Lokey by 18.8% in the third quarter. Wells Fargo & Company MN now owns 4,198 shares of the company’s stock worth $105,000 after buying an additional 665 shares during the period. Victory Capital Management Inc. purchased a new position in Houlihan Lokey during the third quarter worth approximately $108,000. Strs Ohio increased its position in Houlihan Lokey by 74.4% in the third quarter. Strs Ohio now owns 6,800 shares of the company’s stock worth $170,000 after buying an additional 2,900 shares during the period. Trexquant Investment LP purchased a new position in Houlihan Lokey during the fourth quarter worth approximately $214,000. Finally, Ellington Management Group LLC purchased a new position in Houlihan Lokey during the fourth quarter worth approximately $330,000. Institutional investors and hedge funds own 97.74% of the company’s stock.
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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