Key Points
- Houlihan Lokey General Counsel Christopher Crain sold 1,000 shares at an average price of $140.15, reducing his direct ownership by 50% to 1,000 shares.
- HLI recently reported weaker-than-expected quarterly results, with EPS of $1.35 versus the $1.64 consensus estimate and revenue of $511 million versus $602.38 million expected; revenue declined 15.6% year over year.
- The stock opened at $136.44, while analysts maintain a consensus “Hold” rating with an average price target of $166.38. The company also declared a quarterly dividend of $0.70 per share, equivalent to a 2.1% yield.
Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) General Counsel Christopher Crain sold 1,000 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $140.15, for a total value of $140,150.00. Following the completion of the sale, the general counsel directly owned 1,000 shares of the company's stock, valued at approximately $140,150. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Houlihan Lokey Stock Up 0.9%
HLI stock opened at $136.44 on Friday. The firm has a market capitalization of $9.42 billion, a PE ratio of 22.93, a P/E/G ratio of 1.55 and a beta of 0.96. Houlihan Lokey, Inc. has a twelve month low of $112.83 and a twelve month high of $211.78. The stock's 50 day moving average is $133.61 and its 200-day moving average is $142.70.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The company's quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.14 EPS. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 6.93 earnings per share for the current fiscal year.
Houlihan Lokey Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a $0.70 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 annualized dividend and a dividend yield of 2.1%. Houlihan Lokey's dividend payout ratio is presently 47.06%.
Analyst Ratings Changes
HLI has been the subject of several recent analyst reports. Wolfe Research raised shares of Houlihan Lokey from an "underperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. Morgan Stanley cut their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an "overweight" rating for the company in a research note on Thursday, July 30th. Bank of America began coverage on Houlihan Lokey in a report on Friday, July 10th. They issued a "buy" rating and a $164.00 price objective for the company. Keefe, Bruyette & Woods decreased their price objective on Houlihan Lokey from $160.00 to $153.00 and set an "outperform" rating on the stock in a report on Thursday, July 30th. Finally, US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a report on Thursday, July 9th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and a consensus target price of $166.38.
View Our Latest Analysis on Houlihan Lokey
Institutional Investors Weigh In On Houlihan Lokey
A number of large investors have recently added to or reduced their stakes in HLI. Core Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth about $32,000. Eurizon Capital SGR S.p.A. purchased a new position in Houlihan Lokey during the 4th quarter valued at about $33,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings in Houlihan Lokey by 103.4% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 120 shares during the period. Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey during the 2nd quarter valued at approximately $39,000. Finally, CIBC Private Wealth Group LLC lifted its holdings in Houlihan Lokey by 177.0% in the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider's stock worth $48,000 after buying an additional 177 shares during the period. Institutional investors own 78.07% of the company's stock.
Houlihan Lokey Company Profile
(
Get Free Report)
Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.
The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.
Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.
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