Houlihan Lokey, Inc. (NYSE:HLI) Director Robert A. Schriesheim Purchases 131 Shares

Houlihan Lokey, Inc. (NYSE:HLI) Director Robert A. Schriesheim purchased 131 shares of the stock in a transaction that occurred on Thursday, September 16th. The stock was acquired at an average cost of $90.64 per share, with a total value of $11,873.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of Houlihan Lokey stock traded down $0.38 during trading hours on Monday, hitting $90.82. 296,201 shares of the company were exchanged, compared to its average volume of 349,497. Houlihan Lokey, Inc. has a 1 year low of $55.25 and a 1 year high of $92.16. The business has a 50-day moving average of $87.51 and a 200-day moving average of $77.41. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 17.88 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, August 3rd. The financial services provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.07. Houlihan Lokey had a return on equity of 26.92% and a net margin of 20.90%. The business had revenue of $372.70 million during the quarter, compared to analysts’ expectations of $380.84 million. During the same quarter in the prior year, the business earned $0.56 earnings per share. The company’s quarterly revenue was up 76.6% compared to the same quarter last year. On average, research analysts predict that Houlihan Lokey, Inc. will post 4.47 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Thursday, September 2nd were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 37.23%.

HLI has been the subject of a number of research reports. Zacks Investment Research upgraded Houlihan Lokey from a “hold” rating to a “buy” rating and set a $97.00 price objective for the company in a research note on Friday, August 6th. Keefe, Bruyette & Woods cut Houlihan Lokey from a “market perform” rating to an “underperform” rating and set a $80.00 price objective for the company. in a research note on Wednesday, July 14th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $75.00.

Several institutional investors have recently added to or reduced their stakes in HLI. FMR LLC raised its position in Houlihan Lokey by 4.8% in the first quarter. FMR LLC now owns 666,508 shares of the financial services provider’s stock worth $30,559,000 after acquiring an additional 30,698 shares in the last quarter. First Trust Advisors LP raised its position in Houlihan Lokey by 810.4% in the first quarter. First Trust Advisors LP now owns 116,873 shares of the financial services provider’s stock worth $5,359,000 after acquiring an additional 104,036 shares in the last quarter. Comerica Bank purchased a new position in Houlihan Lokey in the first quarter worth $241,000. Envestnet Asset Management Inc. raised its position in Houlihan Lokey by 25.8% in the first quarter. Envestnet Asset Management Inc. now owns 217,247 shares of the financial services provider’s stock worth $14,449,000 after acquiring an additional 44,559 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Houlihan Lokey by 3.4% in the first quarter. Alliancebernstein L.P. now owns 1,317,835 shares of the financial services provider’s stock worth $87,649,000 after acquiring an additional 43,750 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.

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