Houlihan Lokey (HLI) CEO Scott L. Beiser Sells 14,434 Shares
Houlihan Lokey (NYSE:HLI) CEO Scott L. Beiser sold 14,434 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total transaction of $674,789.50. Following the completion of the sale, the chief executive officer now owns 14,434 shares in the company, valued at approximately $674,789.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Houlihan Lokey stock opened at $47.50 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. The firm has a market cap of $3,131.23, a PE ratio of 20.31, a PEG ratio of 1.14 and a beta of 0.50. Houlihan Lokey has a 52 week low of $32.00 and a 52 week high of $52.81.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The firm had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. research analysts anticipate that Houlihan Lokey will post 2.32 EPS for the current year.
Several analysts have recently issued reports on the stock. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.00 target price on shares of Houlihan Lokey in a research report on Friday, December 22nd. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 target price on the stock in a research report on Monday, December 25th. Finally, Bank of America lifted their target price on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Houlihan Lokey currently has an average rating of “Buy” and a consensus price target of $47.50.
Several large investors have recently bought and sold shares of the company. California Public Employees Retirement System lifted its stake in shares of Houlihan Lokey by 12.1% in the fourth quarter. California Public Employees Retirement System now owns 10,205 shares of the financial services provider’s stock worth $464,000 after buying an additional 1,100 shares in the last quarter. American International Group Inc. lifted its stake in shares of Houlihan Lokey by 8.8% in the fourth quarter. American International Group Inc. now owns 18,037 shares of the financial services provider’s stock worth $819,000 after buying an additional 1,457 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in shares of Houlihan Lokey by 23.6% in the fourth quarter. ETRADE Capital Management LLC now owns 7,906 shares of the financial services provider’s stock worth $359,000 after buying an additional 1,512 shares in the last quarter. California State Teachers Retirement System lifted its stake in shares of Houlihan Lokey by 4.9% in the fourth quarter. California State Teachers Retirement System now owns 42,211 shares of the financial services provider’s stock worth $1,918,000 after buying an additional 1,989 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Houlihan Lokey by 1,374.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $119,000 after buying an additional 2,446 shares in the last quarter. 40.66% of the stock is currently owned by hedge funds and other institutional investors.
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Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.
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