Houlihan Lokey Inc. (HLI) Sees Unusually-High Trading Volume
Houlihan Lokey Inc. (NYSE:HLI) saw unusually-high trading volume on Wednesday . Approximately 175,523 shares changed hands during trading, an increase of 161% from the previous session’s volume of 67,335 shares.The stock last traded at $25.72 and had previously closed at $25.66.
Separately, Zacks Investment Research lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Monday, May 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Houlihan Lokey currently has an average rating of “Hold” and an average target price of $26.38.
The firm’s 50-day moving average is $23.49 and its 200-day moving average is $24.07. The company has a market cap of $1.72 billion and a P/E ratio of 22.58.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.04. The firm earned $181 million during the quarter, compared to the consensus estimate of $161.70 million. During the same period in the previous year, the company posted $0.28 earnings per share. The firm’s revenue for the quarter was up 24.0% compared to the same quarter last year. Equities research analysts anticipate that Houlihan Lokey Inc. will post $1.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be issued a $0.17 dividend. The ex-dividend date is Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.64%.
A hedge fund recently raised its stake in Houlihan Lokey stock. Principal Financial Group Inc. boosted its position in shares of Houlihan Lokey Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 495,694 shares of the company’s stock after buying an additional 10,882 shares during the period. Principal Financial Group Inc. owned approximately 0.76% of Houlihan Lokey worth $12,992,000 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.
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