Houlihan Lokey Sees Unusually High Options Volume (NYSE:HLI)

Houlihan Lokey Inc (NYSE:HLI) saw unusually large options trading activity on Thursday. Stock traders acquired 1,285 put options on the stock. This is an increase of approximately 2,470% compared to the average daily volume of 50 put options.

Houlihan Lokey stock opened at $45.14 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 15.73, a PEG ratio of 1.22 and a beta of 1.06. Houlihan Lokey has a 52-week low of $34.31 and a 52-week high of $53.20.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.17. The firm had revenue of $291.40 million during the quarter, compared to analyst estimates of $266.26 million. Houlihan Lokey had a net margin of 14.67% and a return on equity of 22.31%. Houlihan Lokey’s revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. Equities analysts forecast that Houlihan Lokey will post 2.99 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.75%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Friday, May 31st. Houlihan Lokey’s payout ratio is presently 43.21%.

In other news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $45.52, for a total value of $136,560,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 80.50% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of HLI. Bank of Montreal Can boosted its stake in Houlihan Lokey by 0.8% during the 4th quarter. Bank of Montreal Can now owns 33,014 shares of the financial services provider’s stock valued at $1,215,000 after purchasing an additional 269 shares during the period. Xact Kapitalforvaltning AB boosted its stake in Houlihan Lokey by 51.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 7,358 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 2,500 shares during the period. Rhumbline Advisers boosted its stake in Houlihan Lokey by 51.0% during the 4th quarter. Rhumbline Advisers now owns 42,913 shares of the financial services provider’s stock valued at $1,579,000 after purchasing an additional 14,493 shares during the period. Janney Montgomery Scott LLC boosted its stake in Houlihan Lokey by 3.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,364 shares of the financial services provider’s stock valued at $271,000 after purchasing an additional 270 shares during the period. Finally, Brookstone Capital Management boosted its stake in Houlihan Lokey by 13.4% during the 4th quarter. Brookstone Capital Management now owns 6,478 shares of the financial services provider’s stock valued at $238,000 after purchasing an additional 766 shares during the period. 58.07% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, May 15th. JMP Securities downgraded shares of Houlihan Lokey from an “outperform” rating to a “market perform” rating and set a $46.65 price objective for the company. in a research report on Thursday, May 23rd. Finally, Goldman Sachs Group raised shares of Houlihan Lokey from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $52.00 in a research report on Wednesday, April 3rd. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Houlihan Lokey has an average rating of “Buy” and an average price target of $50.38.

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Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

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