Houlihan Lokey Inc (HLI) was Downgraded by Sandler O’Neill to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Sandler O’Neill advised their investors in a research report released on Aug 18, 2016.
On the company’s financial health, Houlihan Lokey Inc reported $0.35 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.32. The company had revenue of $181.00 million for the quarter, compared to analysts expectations of $165.12 million. The company’s revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.
In a different news, on Aug 20, 2015, De Bunt Bennet Van (director) purchased 15,000 shares at $21.00 per share price. According to the SEC, on Aug 20, 2015, Robert A Schriesheim (director) purchased 4,250 shares at $21.00 per share price. On Aug 20, 2015, David A Preiser (CO-PRESIDENT) sold 55,225 shares at $21.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Houlihan Lokey Inc. (Houlihan Lokey) is an independent investment bank with focus on mergers and acquisitions financings financial restructurings and financial advisory services. The Company operates in three segments: Corporate Finance Financial Restructuring and Financial Advisory Services. Through Corporate Finance segment it offers mergers and acquisitions and capital markets advisory services. Through Financial Restructuring segment it advises on restructurings around the world. Through Financial Advisory Services segment it offers valuation and financial opinion and financial and strategic consulting practices in the United States. It offers services in various sectors including aerospace and defense business services consumer food and retail financial institutions healthcare industrials and technology media and telecommunications. It offers mergers and acquisitions advisory services including sell side buy side joint ventures asset sales and divestitures.