Houlihan Lokey Inc. (HLI) Stock Price Down 2.1%
Houlihan Lokey Inc. (NYSE:HLI) shares traded down 2.1% on Thursday . The company traded as low as $24.61 and last traded at $25.17, with a volume of 57,933 shares changing hands. The stock had previously closed at $25.72.
A number of research analysts have weighed in on the stock. Sandler O’Neill cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Houlihan Lokey has an average rating of “Hold” and an average target price of $26.38.
The stock’s 50 day moving average price is $23.58 and its 200-day moving average price is $24.08. The stock has a market cap of $1.68 billion and a P/E ratio of 22.10.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data 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 EPS. 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% on a year-over-year basis. Equities research analysts forecast that Houlihan Lokey Inc. will post $1.74 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 31st. This represents a $0.68 annualized dividend and a yield of 2.70%.
A hedge fund recently raised its stake in Houlihan Lokey stock. Principal Financial Group Inc. increased its stake in Houlihan Lokey Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 495,694 shares of the company’s stock after buying an additional 10,882 shares during the period. Principal Financial Group Inc. owned about 0.76% of Houlihan Lokey worth $12,992,000 at the end of the most recent quarter.
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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