Houlihan Lokey, Inc. (HLI) Major Shareholder Sells $72,852,500.00 in Stock
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%.
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.
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