Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Gillian Beth Zucker also recently made the following trade(s):
- On Friday, September 13th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00.
- On Tuesday, August 20th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The shares were sold at an average price of $152.49, for a total value of $30,498.00.
Houlihan Lokey Stock Performance
NYSE HLI opened at $169.94 on Wednesday. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $171.87. The business has a fifty day moving average price of $156.02 and a 200 day moving average price of $142.04. The company has a market cap of $11.66 billion, a P/E ratio of 41.35 and a beta of 0.66.
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Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. During the same period last year, the firm posted $0.89 earnings per share. The company's revenue for the quarter was up 23.6% on a year-over-year basis. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.64 EPS for the current fiscal year.
Houlihan Lokey Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.34%. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on HLI. Morgan Stanley increased their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. UBS Group boosted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a report on Wednesday, July 31st. Finally, Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They set an "underweight" rating and a $149.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and a consensus target price of $157.00.
Read Our Latest Analysis on HLI
Institutional Investors Weigh In On Houlihan Lokey
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Opal Wealth Advisors LLC purchased a new stake in Houlihan Lokey in the 2nd quarter valued at $26,000. Crewe Advisors LLC grew its holdings in shares of Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Houlihan Lokey during the second quarter worth about $38,000. Benjamin F. Edwards & Company Inc. raised its stake in Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock worth $52,000 after purchasing an additional 265 shares during the period. Finally, Mather Group LLC. acquired a new position in Houlihan Lokey in the 1st quarter valued at about $74,000. Institutional investors and hedge funds own 78.07% of the company's stock.
About Houlihan Lokey
(
Get Free Report)
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
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