David A. Preiser Sells 7,126 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock

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Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 7,126 shares of the firm’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $48.42, for a total value of $345,040.92. Following the transaction, the insider now owns 7,126 shares of the company’s stock, valued at $345,040.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of HLI opened at $47.49 on Friday. The stock has a 50-day simple moving average of $52.52 and a 200-day simple moving average of $49.09. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $3.10 billion, a PE ratio of 18.34 and a beta of 0.88. Houlihan Lokey Inc has a 1 year low of $41.80 and a 1 year high of $59.36.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Monday, February 3rd. The financial services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.11. Houlihan Lokey had a return on equity of 22.49% and a net margin of 14.82%. The business had revenue of $333.52 million for the quarter, compared to analyst estimates of $296.36 million. During the same quarter last year, the company earned $0.77 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts predict that Houlihan Lokey Inc will post 3.09 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Thursday, March 5th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Wednesday, March 4th. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.21%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Houlihan Lokey by 35.2% during the 4th quarter. Assetmark Inc. now owns 710 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 185 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Houlihan Lokey by 0.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 24,839 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 200 shares in the last quarter. American International Group Inc. raised its position in shares of Houlihan Lokey by 1.2% during the 4th quarter. American International Group Inc. now owns 26,359 shares of the financial services provider’s stock worth $1,288,000 after acquiring an additional 314 shares in the last quarter. First Bank & Trust raised its position in shares of Houlihan Lokey by 297.7% during the 4th quarter. First Bank & Trust now owns 851 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 637 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in shares of Houlihan Lokey by 50.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,090 shares of the financial services provider’s stock worth $103,000 after acquiring an additional 701 shares in the last quarter. 67.48% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently issued reports on the company. Buckingham Research lifted their price objective on Houlihan Lokey from $51.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, January 13th. Keefe, Bruyette & Woods cut Houlihan Lokey from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $52.00 to $53.00 in a research note on Sunday, January 26th. ValuEngine upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $63.00 price objective for the company in a research note on Thursday, February 6th. Finally, UBS Group decreased their price objective on Houlihan Lokey from $59.00 to $55.00 and set a “buy” rating for the company in a research note on Wednesday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Houlihan Lokey presently has an average rating of “Buy” and a consensus target price of $53.66.

About Houlihan Lokey

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.

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