Key Points
- Director Robert Schriesheim sold 5,000 shares on Feb. 6 at an average price of $170.86 for a total of $854,300, cutting his stake by 15.16% to 27,982 shares valued at about $4.78 million.
- Houlihan Lokey beat expectations in the quarter, reporting $1.94 EPS vs. $1.85 expected and revenue of $717.07 million (up 13% year-over-year).
- The firm declared a quarterly dividend of $0.60 per share (annualized $2.40) payable March 15, with an ex-dividend date of March 2 and a yield of 1.4% (payout ratio 36.87%).
Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) Director Robert Schriesheim sold 5,000 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the transaction, the director owned 27,982 shares of the company's stock, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Houlihan Lokey Stock Performance
Shares of NYSE:HLI opened at $172.60 on Wednesday. The company has a market cap of $12.09 billion, a PE ratio of 26.51 and a beta of 0.94. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The firm has a 50 day simple moving average of $178.68 and a 200 day simple moving average of $187.40.
Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share for the quarter, topping the consensus estimate of $1.85 by $0.09. The firm had revenue of $717.07 million for the quarter, compared to analysts' expectations of $696.72 million. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The company's quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.64 EPS. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey's payout ratio is presently 36.87%.
Institutional Trading of Houlihan Lokey
Large investors have recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC bought a new stake in Houlihan Lokey in the fourth quarter worth $26,000. Oakworth Capital Inc. bought a new stake in Houlihan Lokey during the fourth quarter worth approximately $29,000. Westside Investment Management Inc. boosted its position in Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider's stock worth $30,000 after purchasing an additional 58 shares during the period. Root Financial Partners LLC acquired a new position in Houlihan Lokey during the third quarter valued at approximately $31,000. Finally, Core Wealth Advisors LLC bought a new position in shares of Houlihan Lokey in the fourth quarter valued at approximately $32,000. 78.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on HLI shares. Keefe, Bruyette & Woods lowered their target price on Houlihan Lokey from $218.00 to $214.00 and set an "outperform" rating on the stock in a research note on Thursday, January 29th. UBS Group restated a "neutral" rating and set a $196.00 price target on shares of Houlihan Lokey in a report on Friday, January 30th. Weiss Ratings lowered shares of Houlihan Lokey from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, January 12th. BMO Capital Markets increased their target price on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an "outperform" rating in a research report on Thursday, January 29th. Finally, Morgan Stanley lowered their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an "overweight" rating on the stock in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $209.17.
Read Our Latest Stock 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.
Further Reading
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