Brokerage firm Sandler O’Neill Downgrades its rating on Houlihan Lokey Inc(NYSE:HLI). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Sandler O’Neill was issued on Aug 18, 2016.
Houlihan Lokey Inc(HLI) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $180.77M. Analysts had an estimated revenue of $163.20M. Earnings per share were $0.35. Analysts had estimated an EPS of $0.31.
Several Insider Transactions has been reported to the SEC. On Aug 20, 2015, De Bunt Bennet Van (director) purchased 15,000 shares at $21.00 per share price.Also, 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.