News coverage about Houlihan Lokey (NYSE:HLI) has trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Houlihan Lokey earned a news sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 44.9300917576374 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
Shares of Houlihan Lokey (NYSE:HLI) traded down $0.11 during midday trading on Wednesday, reaching $50.14. The company’s stock had a trading volume of 248,600 shares, compared to its average volume of 208,860. The stock has a market capitalization of $3,309.42, a price-to-earnings ratio of 23.76 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey has a 52 week low of $29.51 and a 52 week high of $51.45.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $207.72 million. Houlihan Lokey had a net margin of 13.77% and a return on equity of 17.30%. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share. analysts predict that Houlihan Lokey will post 2.17 EPS for the current fiscal year.
A number of analysts have issued reports on HLI shares. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $52.00 target price on shares of Houlihan Lokey in a research report on Thursday, January 11th. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Friday, January 12th. Bank of America boosted their target price on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 25th. Finally, UBS Group boosted their target price on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Houlihan Lokey presently has an average rating of “Buy” and an average price target of $46.17.
In related news, insider Scott Joseph Adelson sold 60,589 shares of the business’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the completion of the transaction, the insider now owns 90,683 shares in the company, valued at $3,775,133.29. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider J Lindsey Alley sold 973 shares of the business’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $40,505.99. Following the transaction, the insider now owns 973 shares of the company’s stock, valued at approximately $40,505.99. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,120,627 shares of company stock valued at $88,281,702. Insiders own 69.70% of the company’s stock.
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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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