Houlihan Lokey, Inc. (NYSE:HLI) major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total value of $72,852,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Orix Hlhz Holding Llc also recently made the following trade(s):

  • On Thursday, September 14th, Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60.

Shares of Houlihan Lokey, Inc. (NYSE:HLI) opened at $41.43 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 18.75, a price-to-earnings-growth ratio of 2.77 and a beta of 0.38.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. Houlihan Lokey had a return on equity of 20.05% and a net margin of 14.58%. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. During the same quarter in the prior year, the business earned $0.37 EPS. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. equities analysts forecast that Houlihan Lokey, Inc. will post 2.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date is Friday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 37.91%.

COPYRIGHT VIOLATION NOTICE: This story was posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally copied and republished in violation of US and international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/houlihan-lokey-inc-hli-major-shareholder-sells-72852500-00-in-stock/1677179.html.

Several equities research analysts have recently commented on HLI shares. BidaskClub raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Houlihan Lokey in a report on Tuesday, October 3rd. Zacks Investment Research downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, July 28th. J P Morgan Chase & Co initiated coverage on Houlihan Lokey in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price target on the stock. Finally, UBS Group AG (USA) increased their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Houlihan Lokey presently has an average rating of “Buy” and a consensus target price of $42.33.

A number of institutional investors and hedge funds have recently bought and sold shares of HLI. SG Americas Securities LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at $105,000. Tower Research Capital LLC TRC increased its position in Houlihan Lokey by 122.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,371 shares during the period. Legal & General Group Plc increased its position in Houlihan Lokey by 37.8% during the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,270 shares during the period. Victory Capital Management Inc. increased its position in Houlihan Lokey by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock worth $188,000 after buying an additional 808 shares during the period. Finally, Jane Street Group LLC bought a new position in Houlihan Lokey during the 1st quarter worth $205,000. Institutional investors and hedge funds own 32.27% 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), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Insider Buying and Selling by Quarter for Houlihan Lokey (NYSE:HLI)

Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.