Somewhat Favorable News Coverage Somewhat Unlikely to Impact Houlihan Lokey (HLI) Stock Price
News stories about Houlihan Lokey (NYSE:HLI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Houlihan Lokey earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 45.3747709175391 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Houlihan Lokey (NYSE HLI) traded down $0.03 during trading on Thursday, reaching $42.37. The company had a trading volume of 157,431 shares, compared to its average volume of 251,945. The firm has a market cap of $2,790.00 and a P/E ratio of 19.09. Houlihan Lokey has a twelve month low of $25.82 and a twelve month high of $44.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.92.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million for the quarter, compared to the consensus estimate of $207.72 million. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The firm’s revenue was up 29.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.37 EPS. equities research analysts predict that Houlihan Lokey will post 2.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Friday, December 1st. Houlihan Lokey’s payout ratio is presently 37.91%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Bank of America Corporation increased their price target on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Wednesday, October 25th. UBS AG increased their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “buy” rating on shares of Houlihan Lokey in a research note on Tuesday, October 3rd. Finally, ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Houlihan Lokey presently has an average rating of “Buy” and a consensus target price of $42.33.
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In other Houlihan Lokey news, insider J Lindsey Alley sold 973 shares of Houlihan Lokey stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $40,505.99. Following the sale, the insider now owns 973 shares of the company’s stock, valued at approximately $40,505.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The disclosure for this sale can be found here. Insiders have sold a total of 2,807,387 shares of company stock worth $113,183,620 in the last ninety days. 69.70% of the stock is currently owned by company insiders.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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