Houlihan Lokey (HLI) Getting Favorable News Coverage, Study Finds

Media coverage about Houlihan Lokey (NYSE:HLI) has been trending positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Houlihan Lokey earned a coverage optimism score of 0.26 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 44.9603985287953 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news headlines that may have impacted Accern’s analysis:

HLI has been the subject of several recent analyst reports. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research note on Thursday, October 12th. UBS Group raised their target price on Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Bank of America raised their target price on Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $49.00 target price on shares of Houlihan Lokey in a research note on Friday, December 22nd. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $46.17.

Shares of Houlihan Lokey (NYSE HLI) traded down $0.11 during trading on Tuesday, reaching $50.14. The company’s stock had a trading volume of 248,603 shares, compared to its average volume of 208,860. 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 has a 12-month low of $29.51 and a 12-month high of $51.45. The firm has a market capitalization of $3,370.00 and a PE ratio of 23.76.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.15. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The firm had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. During the same quarter last year, the firm posted $0.37 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. analysts expect that Houlihan Lokey will post 2.17 earnings per share for the current fiscal year.

In other Houlihan Lokey news, insider J Lindsey Alley sold 973 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $40,505.99. Following the completion of the sale, the insider now owns 973 shares of the company’s stock, valued at $40,505.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Irwin Gold sold 91,453 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total value of $3,807,188.39. Following the completion of the sale, the chairman now directly owns 102,314 shares of the company’s stock, valued at approximately $4,259,331.82. The disclosure for this sale can be found here. Insiders sold 2,120,627 shares of company stock valued at $88,281,702 in the last three months. Insiders own 69.70% of the company’s stock.

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About Houlihan Lokey

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.

Insider Buying and Selling by Quarter for Houlihan Lokey (NYSE:HLI)

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