Media coverage about Houlihan Lokey (NYSE:HLI) has trended positive on Tuesday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Houlihan Lokey earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 44.9603985287953 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
- Houlihan Lokey to buy Quayle Munroe (pehub.com)
- AmEx (AXP) Q4 Earnings to be Thwarted by Tax Reform Charge (msn.com)
- Houlihan Lokey (HLI) Reports Acquisition of Quayle Munro Limited (streetinsider.com)
- Houlihan Lokey Acquires Quayle Munro Limited and Establishes a New Global Data & Analytics Group (finance.yahoo.com)
- Houlihan Lokey expands with Quayle Munro buy (finance.yahoo.com)
Shares of Houlihan Lokey (NYSE:HLI) traded down $0.11 during trading on Tuesday, reaching $50.14. The company had a trading volume of 248,603 shares, compared to its average volume of 208,860. The company has a market capitalization of $3,370.00 and a price-to-earnings ratio of 23.76. Houlihan Lokey has a 1-year low of $29.51 and a 1-year high of $51.45. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. Houlihan Lokey’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company posted $0.37 earnings per share. research analysts anticipate that Houlihan Lokey will post 2.17 EPS for the current fiscal year.
HLI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $49.00 target price on shares of Houlihan Lokey in a report on Friday, December 22nd. Zacks Investment Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 14th. Bank of America raised their target price on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Finally, UBS Group raised their target price on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $46.17.
In related news, Chairman Irwin Gold sold 91,453 shares of Houlihan Lokey stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $3,807,188.39. Following the sale, the chairman now directly owns 102,314 shares in the company, valued at $4,259,331.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 4,014 shares of Houlihan Lokey stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.63, for a total value of $167,102.82. Following the sale, the general counsel now owns 6,063 shares in the company, valued at $252,402.69. The disclosure for this sale can be found here. Insiders have sold 2,120,627 shares of company stock worth $88,281,702 over the last quarter. 69.70% of the stock is currently owned by corporate insiders.
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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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