Press coverage about Houlihan Lokey (NYSE:HLI) has been trending somewhat positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Houlihan Lokey earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 43.9034199882244 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Zacks Investment Research Upgrades Houlihan Lokey (HLI) to “Hold” (americanbankingnews.com)
- Venezuela bondholders inch toward $50 billion debt default showdown (finance.yahoo.com)
- Houlihan Lokey (HLI) Downgraded to Sell at Zacks Investment Research (americanbankingnews.com)
- BidaskClub Lowers Houlihan Lokey (HLI) to Buy (americanbankingnews.com)
- Keefe, Bruyette & Woods Reaffirms Buy Rating for Houlihan Lokey (HLI) (americanbankingnews.com)
Several research firms recently issued reports on HLI. Bank of America raised their price objective on shares of Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, January 12th. Buckingham Research began coverage on shares of Houlihan Lokey in a research report on Thursday, April 5th. They set a “buy” rating and a $54.00 price objective for the company. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $52.00 price objective on shares of Houlihan Lokey in a research report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $50.50.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $240.98 million. During the same period last year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. equities research analysts predict that Houlihan Lokey will post 2.31 earnings per share for the current year.
In other Houlihan Lokey news, CFO J Lindsey Alley sold 22,549 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total transaction of $1,054,165.75. Following the completion of the sale, the chief financial officer now directly owns 22,549 shares in the company, valued at $1,054,165.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 4,599 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total transaction of $215,003.25. Following the sale, the general counsel now owns 4,599 shares of the company’s stock, valued at $215,003.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 76,042 shares of company stock valued at $3,554,964. Company insiders own 69.70% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; 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; and advises financial sponsors on various transactions.
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