Houlihan Lokey Inc (NYSE:HLI) major shareholder Orix Hlhz Holding Llc sold 41,224 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $48.03, for a total transaction of $1,979,988.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Thursday, August 16th, Orix Hlhz Holding Llc sold 23,484 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.10, for a total transaction of $1,129,580.40.
  • On Tuesday, August 14th, Orix Hlhz Holding Llc sold 44,330 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.50, for a total transaction of $2,150,005.00.
  • On Friday, August 10th, Orix Hlhz Holding Llc sold 110,000 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.00, for a total transaction of $5,280,000.00.
  • On Wednesday, August 8th, Orix Hlhz Holding Llc sold 49,951 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.30, for a total transaction of $2,412,633.30.
  • On Monday, August 6th, Orix Hlhz Holding Llc sold 42,474 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.12, for a total transaction of $2,043,848.88.
  • On Thursday, August 2nd, Orix Hlhz Holding Llc sold 544,712 shares of Houlihan Lokey stock. The stock was sold at an average price of $48.58, for a total transaction of $26,462,108.96.
  • On Monday, June 4th, Orix Hlhz Holding Llc sold 2,682,983 shares of Houlihan Lokey stock. The stock was sold at an average price of $49.11, for a total transaction of $131,761,295.13.

Houlihan Lokey stock opened at $47.32 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 0.92. Houlihan Lokey Inc has a 12-month low of $35.15 and a 12-month high of $53.20. The firm has a market cap of $3.15 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.15 and a beta of 0.52.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, July 26th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). Houlihan Lokey had a net margin of 16.85% and a return on equity of 19.74%. The company had revenue of $220.00 million for the quarter, compared to analyst estimates of $230.85 million. During the same quarter in the previous year, the firm earned $0.50 EPS. The firm’s revenue was up 1.1% on a year-over-year basis. equities research analysts expect that Houlihan Lokey Inc will post 2.75 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Investors of record on Monday, September 3rd will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.28%. Houlihan Lokey’s payout ratio is presently 45.19%.

Several institutional investors have recently added to or reduced their stakes in HLI. SG Americas Securities LLC acquired a new position in shares of Houlihan Lokey during the 1st quarter valued at $109,000. Envestnet Asset Management Inc. lifted its position in shares of Houlihan Lokey by 72.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 4,529 shares of the financial services provider’s stock valued at $202,000 after acquiring an additional 1,905 shares during the period. Hartford Investment Management Co. acquired a new position in shares of Houlihan Lokey during the 2nd quarter valued at $216,000. Oppenheimer & Co. Inc. acquired a new position in shares of Houlihan Lokey during the 1st quarter valued at $219,000. Finally, Amalgamated Bank acquired a new position in shares of Houlihan Lokey during the 2nd quarter valued at $233,000. Institutional investors own 49.63% of the company’s stock.

A number of research analysts have recently issued reports on HLI shares. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research report on Wednesday, June 27th. ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Sandler O’Neill restated a “hold” rating and issued a $52.00 price target on shares of Houlihan Lokey in a research report on Thursday, August 2nd. JMP Securities boosted their price target on shares of Houlihan Lokey from $55.00 to $57.00 and gave the stock a “market outperform” rating in a research report on Friday, July 27th. Finally, Bank of America boosted their price target on shares of Houlihan Lokey from $50.00 to $55.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 26th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Houlihan Lokey presently has an average rating of “Buy” and an average target price of $52.13.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and 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, as well as financial sponsors on various transactions.

Further Reading: Market Capitalization

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

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