Houlihan Lokey Inc. (HLI) Trading Down 2.1%
Houlihan Lokey Inc. (NYSE:HLI) was down 2.1% during trading on Thursday . The stock traded as low as $24.61 and last traded at $25.17, with a volume of 57,933 shares traded. The stock had previously closed at $25.72.
Several brokerages have issued reports on HLI. Zacks Investment Research cut Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, May 30th. Sandler O’Neill cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.38.
The stock has a 50-day moving average of $23.66 and a 200 day moving average of $24.08. The stock has a market cap of $1.68 billion and a price-to-earnings ratio of 22.06.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $181 million for the quarter, compared to analysts’ expectations of $161.70 million. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 earnings per share. Equities analysts anticipate 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. Investors of record on Friday, September 2nd will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, August 31st.
A hedge fund recently raised its stake in Houlihan Lokey stock. Principal Financial Group Inc. increased its position in Houlihan Lokey Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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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