Key Points
- Insider sale: General Counsel Christopher Crain sold 500 shares on Jan. 2 at an average price of $174.17 for total proceeds of $87,085, disclosed in an SEC filing (Form 4).
- Earnings beat: Houlihan Lokey reported quarterly EPS of $1.84 versus $1.69 expected and revenue of $659.45M (up 14.7% YoY), with a 16.62% net margin and 24.17% ROE.
- Street view and payout: Analysts carry a consensus "Moderate Buy" with an average target of $207.43; the company has a $12.78B market cap and pays a $0.60 quarterly dividend (1.3% yield).
Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) General Counsel Christopher Crain sold 500 shares of the firm's stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Houlihan Lokey Price Performance
HLI stock opened at $182.43 on Tuesday. The company has a market capitalization of $12.78 billion, a P/E ratio of 29.42 and a beta of 0.95. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $211.78. The firm's fifty day simple moving average is $178.72 and its 200-day simple moving average is $188.90.
Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The firm had revenue of $659.45 million during the quarter, compared to analysts' expectations of $639.08 million. During the same quarter last year, the company posted $1.46 earnings per share. The firm's revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Houlihan Lokey's payout ratio is 38.71%.
Hedge Funds Weigh In On Houlihan Lokey
Large investors have recently added to or reduced their stakes in the stock. Mayflower Financial Advisors LLC acquired a new stake in shares of Houlihan Lokey in the third quarter valued at about $230,335,000. Norges Bank purchased a new position in Houlihan Lokey in the 2nd quarter valued at about $126,723,000. Champlain Investment Partners LLC lifted its stake in Houlihan Lokey by 194.9% in the 2nd quarter. Champlain Investment Partners LLC now owns 546,340 shares of the financial services provider's stock valued at $98,314,000 after buying an additional 361,085 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in Houlihan Lokey by 75.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider's stock worth $146,495,000 after buying an additional 307,214 shares during the last quarter. Finally, Renaissance Group LLC purchased a new stake in Houlihan Lokey during the 2nd quarter worth approximately $34,115,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. UBS Group assumed coverage on Houlihan Lokey in a report on Thursday, December 11th. They issued a "neutral" rating and a $193.00 price target for the company. Zacks Research lowered shares of Houlihan Lokey from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft began coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a "hold" rating and a $210.00 price target on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Houlihan Lokey from $230.00 to $228.00 and set an "outperform" rating for the company in a report on Wednesday, December 17th. Finally, BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They issued an "outperform" rating and a $230.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.43.
View Our Latest Report on Houlihan Lokey
Houlihan Lokey Company Profile
(
Get Free Report)
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm's core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.
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