Houlihan Lokey Inc. (HLI) Stock Price Up 4.9%
Houlihan Lokey Inc. (NYSE:HLI)’s share price rose 4.9% during mid-day trading on Friday . The company traded as high as $25.49 and last traded at $25.46, with a volume of 54,959 shares changing hands. The stock had previously closed at $24.28.
Separately, Zacks Investment Research lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, April 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.38.
The firm’s 50-day moving average is $23.02 and its 200-day moving average is $23.95. The firm has a market capitalization of $1.69 billion and a P/E ratio of 22.26.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.04. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The company had revenue of $181 million for the quarter, compared to analyst estimates of $161.70 million. Houlihan Lokey’s quarterly revenue was up 24.0% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey Inc. will post $1.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.68 annualized dividend and a dividend yield of 2.68%.
A hedge fund recently bought a new stake in Houlihan Lokey stock. Russell Frank Co bought a new stake in Houlihan Lokey Inc. (NYSE:HLI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 58,010 shares of the company’s stock, valued at approximately $1,478,000. Russell Frank Co owned approximately 0.09% of Houlihan Lokey as of its most recent filing with the SEC.
Houlihan Lokey, Inc (Houlihan Lokey) is an independent investment bank with focus on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company operates in three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. Through Corporate Finance segment, it offers mergers and acquisitions, and capital markets advisory services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.