According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States. “
Other equities analysts have also recently issued reports about the company. Bank of America Corporation restated a buy rating on shares of Houlihan Lokey in a report on Wednesday, December 14th. Keefe, Bruyette & Woods restated an outperform rating and set a $28.00 target price on shares of Houlihan Lokey in a report on Friday, September 23rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Houlihan Lokey currently has an average rating of Hold and an average target price of $27.33.
Shares of Houlihan Lokey (NYSE:HLI) traded down 0.22% during midday trading on Tuesday, hitting $31.13. The stock had a trading volume of 46,442 shares. The stock has a market cap of $2.08 billion, a PE ratio of 23.76 and a beta of 0.40. Houlihan Lokey has a one year low of $20.96 and a one year high of $32.37. The firm has a 50 day moving average price of $30.39 and a 200 day moving average price of $25.76.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Monday, December 5th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date was Thursday, December 1st. Houlihan Lokey’s dividend payout ratio is currently 52.31%.
Large investors have recently bought and sold shares of the stock. RMB Capital Management LLC bought a new stake in Houlihan Lokey during the third quarter worth about $6,988,000. Macquarie Group Ltd. raised its stake in Houlihan Lokey by 42.9% in the second quarter. Macquarie Group Ltd. now owns 463,821 shares of the company’s stock worth $10,376,000 after buying an additional 139,253 shares in the last quarter. FMR LLC bought a new stake in Houlihan Lokey during the second quarter worth about $3,033,000. Three Corner Global Investors LP raised its stake in Houlihan Lokey by 37.8% in the second quarter. Three Corner Global Investors LP now owns 332,500 shares of the company’s stock worth $7,438,000 after buying an additional 91,200 shares in the last quarter. Finally, Emerald Acquisition Ltd. raised its stake in Houlihan Lokey by 275.7% in the third quarter. Emerald Acquisition Ltd. now owns 116,423 shares of the company’s stock worth $2,917,000 after buying an additional 85,431 shares in the last quarter. 97.20% of the stock is currently owned by institutional investors.
About Houlihan Lokey
Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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