Houlihan Lokey (HLI) Expected to Announce Earnings on Thursday
- Houlihan Lokey (NYSE: HLI - Get Free Report) will likely be releasing its Q2 2026 results after the market closes on Thursday, October 30th. Analysts expect Houlihan Lokey to post earnings of $1.67 per share and revenue of $639.08 million for the quarter. Interested persons may visit the the company's upcoming Q2 2026 earningresults page for
- 10/23/2025
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Houlihan Lokey Grows Financial Services Group With Senior Hire
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that John Guzzo has joined as a Managing Director in its Financial Services Group. Based in New York, Mr. Guzzo will further strengthen the firm's Mortgage Services practice. Mr. Guzzo joins the firm with more than 25 years of M&A and financial services experience. Prior to joining the firm, he was a Managing Director at Keefe, Bruyette & Woods, Inc. (KBW), a Stifel company, where he.
- 09/29/2025
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Nano Dimension Initiates Review of Strategic Alternatives to Maximize Shareholder Value and Announces Executive Leadership Change
- Company Retains Guggenheim Partners and Houlihan Lokey as Financial Advisors Company Retains Guggenheim Partners and Houlihan Lokey as Financial Advisors
- 09/09/2025
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Houlihan Lokey Further Expands EMEA Financial Sponsors Coverage With Senior Hire
- FRANKFURT, Germany--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Martin Rezaie has joined the firm as a Managing Director in the Financial Sponsors Group, based in Frankfurt. Mr. Rezaie will lead the firm's financial sponsors coverage in the DACH region, working closely with Christian Keller, Managing Director and Head of European Private Equity Coverage, and senior colleagues across the firm's global Financial Sponsors Group. Mr. Rezaie joi.
- 09/08/2025
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Buy 5 Stocks to Stay Safe in Wall Street's Historically Worst Month
- September's market jitters make low-beta, high-yield picks like AIZ, HAS, MOS, VIRT and HLI smart defensive bets.
- 09/04/2025
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Houlihan Lokey Grows Global Business Services Group With Experienced Hire
- WASHINGTON--(BUSINESS WIRE)--Anthony Basmajian has joined Houlihan Lokey's Business Services Group as a Managing Director to expand the firm's coverage of the IT Services sector.
- 09/03/2025
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Houlihan Lokey Strengthens Capital Solutions Group With Senior Hire in Europe
- ZURICH--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Sandro Galfetti has joined the firm as a Managing Director in the firm's Capital Solutions Group. He will be based in Zurich. As a senior member of the Equity Capital Solutions team, Mr Galfetti will focus on advising EMEA-based private capital sponsors on GP-led transactions, including single- and multi-asset continuation vehicles. The Equity Capital Solutions team now has approximately 4.
- 09/01/2025
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Here is Why Growth Investors Should Buy Houlihan Lokey (HLI) Now
- Houlihan Lokey (HLI) could produce exceptional returns because of its solid growth attributes.
- 08/04/2025
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Best Momentum Stock to Buy for August 4th
- ZWS, LC and HLI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 4, 2025.
- 08/04/2025
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New Strong Buy Stocks for August 4th
- CLS, SBFG, HTB, HLI and UDMY have been added to the Zacks Rank #1 (Strong Buy) List on August 4, 2025.
- 08/04/2025
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Houlihan Lokey (HLI) Q1 EPS Jumps 75%
- Houlihan Lokey (HLI) Q1 EPS Jumps 75%
- 07/30/2025
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Houlihan Lokey, Inc. (HLI) Q1 2026 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2026 Earnings Conference Call July 29, 2025 5:00 PM ET Company Participants Christopher M. Crain - Corporate Participant MD, General Counsel & Secretary - Corporate Participant J.
- 07/29/2025
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Houlihan Lokey (HLI) Q1 Earnings and Revenues Top Estimates
- Houlihan Lokey (HLI) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.69 per share. This compares to earnings of $1.22 per share a year ago.
- 07/29/2025
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Houlihan Lokey Reports First Quarter Fiscal 2026 Financial Results
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its first quarter ended June 30, 2025. For the first quarter ended June 30, 2025, revenues were $605 million, compared with $514 million for the first quarter ended June 30, 2024. Net income was $98 million, or $1.42 per diluted share, for the first quarter ended June 30, 2025, compared with $89 million, or $1.30 per diluted share, for the first quart.
- 07/29/2025
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Houlihan Lokey: Balancing Offense With Defense
- Houlihan Lokey is geared up for M&A offense. But it also retains some very unique defensive qualities. A narrowing valuation gap adds to the appeal.
- 07/27/2025
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Houlihan Lokey (HLI) Reports Next Week: Wall Street Expects Earnings Growth
- Houlihan Lokey (HLI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/22/2025
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The S&P 500 and Nasdaq Are Joined By These Stocks Hitting New Highs
- Rambus stock hit a 52-week high and is in the buy zone of a cup-with-handle base.
- 07/18/2025
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Why Houlihan Lokey (HLI) is Poised to Beat Earnings Estimates Again
- Houlihan Lokey (HLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 07/17/2025
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2026
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2026 fiscal year on Tuesday, July 29, 2025, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Adelson, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2026.
- 07/15/2025
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Houlihan Lokey Strengthens Capital Solutions Group With Veteran Hire
- MIAMI--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Kevin Ryan has joined as a Managing Director in its Capital Solutions Group. Based in Miami, Mr. Ryan will focus on providing capital solutions to a wide variety of financial institutions for the firm's corporate and financial-sponsor-backed clients. Mr. Ryan joins the firm with more than 25 years of experience in the financial services industry. Most recently, he served as the CFO of Bette.
- 07/01/2025
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Houlihan Lokey Shares Up Since Q4 Earnings Beat Estimates
- HLI shares climb 5.4% after Q4 earnings beat, driven by strong segment growth and higher revenues despite rising expenses.
- 05/23/2025
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Revisiting Houlihan Lokey's Successful Rotation And Thesis
- Houlihan Lokey is a market leader in M&A, Capital Solutions, Financial Restructuring, and Advisory services, showing strong revenue growth and low debt. Despite its strengths, the current valuation of Houlihan Lokey is too high, making it a "Hold" with a price target of $115/share. The company's premium valuation is justified by increased regulation and demand for expertise, but it still doesn't offer a 15% annualized return.
- 05/13/2025
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Dividend Investors, It's Time To Raise Cash, Here's Why
- Despite my usual inclination to invest in dividend-paying stocks, current market valuations and economic risks lead me to prefer raising cash over investing. The 10-year Treasury yield reflects a tug-of-war between inflation and economic weakness, influenced by tariffs and trade uncertainties. The recent U.S.-U.K. trade deal is a positive development, but it doesn't fully offset the higher tariffs still in place post-"Liberation Day."
- 05/10/2025
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Houlihan Lokey, Inc. (HLI) Q4 2025 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q4 2025 Earnings Conference Call May 7, 2025 5:00 PM ET Company Participants Christopher Crain - Investor Relations Scott Adelson - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brendan O'Brien - Wolfe Research James Yaro - Goldman Sachs Benjamin Rubin - UBS Devin Ryan - Citizens JMP Kenneth Worthington - JPMorgan Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Houlihan Lokey's Fourth Quarter and Fiscal Year 2025 Earnings Conference Call.
- 05/07/2025
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Houlihan Lokey (HLI) Tops Q4 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) came out with quarterly earnings of $1.96 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.27 per share a year ago.
- 05/07/2025
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Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2025 Financial Results
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fiscal year and fourth quarter ended March 31, 2025. For the fiscal year, revenues were $2.39 billion, compared with $1.91 billion for the fiscal year ended March 31, 2024. For the fourth quarter ended March 31, 2025, revenues were $666 million, compared with $520 million for the fourth quarter ended March 31, 2024. Net income was $400 million, or.
- 05/07/2025
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Lexitas CEO Nishat Mehta to Share Insights on Legal Innovation at ONE Houlihan Lokey Global Conference 2025
- HOUSTON, May 05, 2025 (GLOBE NEWSWIRE) -- Lexitas, a leading provider of technology-enabled litigation services, is pleased to announce that CEO, Nishat Mehta will be a featured speaker at the ONE Houlihan Lokey Global Conference 2025.
- 05/05/2025
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Houlihan Lokey (HLI) Earnings Expected to Grow: Should You Buy?
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 04/30/2025
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Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2025
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2025 fiscal year on Wednesday, May 7, 2025, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Adelson, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss.
- 04/23/2025
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Looking for a Growth Stock? 3 Reasons Why Houlihan Lokey (HLI) is a Solid Choice
- Houlihan Lokey (HLI) could produce exceptional returns because of its solid growth attributes.
- 02/17/2025
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Houlihan Lokey Further Expands Financial Sponsors Coverage With Senior Hire in Asia
- HONG KONG--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Angela Hu has joined the firm as a Managing Director in the Financial Sponsors Group, based in Hong Kong SAR. Ms. Hu brings more than 20 years of investment banking expertise, 16 of which have been spent in Hong Kong SAR, most recently leading financial sponsor coverage for Barclays in Greater China. “We are delighted to welcome Angela to the Houlihan Lokey team,” said Kevin Salmini, Ma.
- 02/11/2025
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3 Reasons Why Houlihan Lokey (HLI) Is a Great Growth Stock
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 01/30/2025
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Houlihan Lokey: Strong Earnings, But A Pricey Stock
- Houlihan Lokey has shown strong performance with a +250% return over five years, but its current valuation appears overly optimistic. Q3 results were robust, with a 24% revenue increase and a 34% rise in adjusted EPS, driven by all segments. Despite solid fundamentals, a high P/E ratio of 33.3x suggests the stock is overpriced, with limited upside and potential downside risks.
- 01/30/2025
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Houlihan Lokey: Fiscal Q3 EPS Up 34.4%
- Houlihan Lokey (HLI -2.31%), an independent financial advisory services firm, announced its fiscal 2025 third-quarter results after the close of trading on Jan. 28. The firm exceeded expectations with an adjusted EPS of $1.64, topping the $1.52 forecast and well above the prior-year period's $1.22.
- 01/29/2025
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Houlihan Lokey, Inc. (HLI) Q3 2025 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q3 2025 Results Earnings Conference Call January 28, 2025 5:00 PM ET Company Participants Christopher Crain - Investor Relations Scott Adelson - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Michael Brown - Wells Fargo Securities Kenneth Worthington - J.P. Morgan Devin Ryan - Citizens JMP Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Jim Mitchell - Seaport Global Securities Operator Good day, ladies and gentlemen.
- 01/29/2025
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Houlihan Lokey (HLI) Surpasses Q3 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.22 per share a year ago.
- 01/28/2025
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Houlihan Lokey Strengthens Capital Markets Group With Veteran Hire
- ATLANTA--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Bill Scheuerer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Scheuerer will support the firm's private capital financing efforts across all industry verticals. Mr. Scheuerer joins following eight years at Lazard, where he most recently was a Managing Director in its Capital Solutions Group, focused on advising private-equity-owned, family-owned, an.
- 01/27/2025
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Should You Buy or Hold Houlihan Lokey Stock Before Q3 Earnings?
- Strong segmental growth and rebounding M&A activity might have favored HLI's fiscal third-quarter earnings, partially offset by higher operating expenses.
- 01/22/2025
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Houlihan Lokey (HLI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/21/2025
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Houlihan Lokey (HLI) Stock Jumps 4.2%: Will It Continue to Soar?
- Houlihan Lokey (HLI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.
- 01/16/2025
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Houlihan Lokey Grows Consumer Health Coverage Capabilities With Experienced Hire
- NEW YORK--(BUSINESS WIRE)--Riccardo Cazzoli has joined Houlihan Lokey's Consumer Group as a Managing Director. He is based in New York and will cover the consumer health sector.
- 01/15/2025
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Houlihan Lokey Announces Release Date for Third Quarter Results for Fiscal Year 2025
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its third quarter results for the 2025 fiscal year on Tuesday, January 28, 2025, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Adelson, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2.
- 01/14/2025
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Wall Street Stories of 2024 Likely to Stay Hot in 2025: Key Picks
- Here, we discuss some top Wall Street events of 2024 that are expected to have an impact in 2025 as well.
- 12/30/2024
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Houlihan Lokey: The Rising Star in Investment Banking
- Explore the exciting world of Houlihan Lokey (HLI -0.03%) with our expert analysts in this Motley Fool Scoreboard episode. Check out the video below to gain valuable insights into market trends and potential investment opportunities!
- 12/23/2024
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3 Reasons Why Growth Investors Shouldn't Overlook Houlihan Lokey (HLI)
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 11/27/2024
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Is Houlihan Lokey (HLI) a Solid Growth Stock? 3 Reasons to Think "Yes"
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 11/11/2024
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Houlihan Lokey Bolsters Capital Markets Team With Senior Hire
- ATLANTA--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Brad Boggess has joined as a Managing Director in its Capital Markets Group. Based in Atlanta, Mr. Boggess will leverage his deep finance and operational expertise as well as his senior-level relationships with countless private equity and private credit managers for the benefit of the firm. Mr. Boggess joins the firm after spending the past six years at Blackstone as Head of Asset Manage.
- 11/11/2024
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Are You Looking for a Top Momentum Pick? Why Houlihan Lokey (HLI) is a Great Choice
- Does Houlihan Lokey (HLI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 11/06/2024
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Houlihan Lokey Further Expands Its Software Coverage Capabilities With Senior Hire
- NEW YORK--(BUSINESS WIRE)--Nana Kyei has joined Houlihan Lokey's Technology Group as a Managing Director in New York. He will cover EdTech within the firms' software practice.
- 11/04/2024
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Houlihan Lokey: Mid-Market Demonstrates Resilience Again
- Houlihan Lokey delivered another strong quarter in quite a long line of solid performances on the back of a recovered underwriting environment compared to before but also continued mid-market M&A growth. The good visibility on the ex-corporate finance businesses especially are a merit to the overall HLI profile, and they trade in line with the implied multiple for PIPR's IB business. While mid-market M&A has proven to be all-weather, and despite the growth, we just aren't crazy about buying something that has already run-up and is at significant forward multiples.
- 10/31/2024
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Houlihan Lokey, Inc. (HLI) Q2 2025 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q2 2025 Earnings Call October 30, 2024 5:00 PM ET Company Participants Christopher Crain - Investor Relations Scott Adelson - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants James Yaro - Goldman Sachs Brennan Hawken - UBS Aidan Hall - KBW Alex Jenkins - Citizens JMP Brendan O'Brien - Wolfe Research Alex Bernstein - JPMorgan Operator Good day, ladies and gentlemen. Thank you for standing by.
- 10/31/2024
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Houlihan Lokey (HLI) Tops Q2 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) came out with quarterly earnings of $1.46 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.11 per share a year ago.
- 10/30/2024
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Houlihan Lokey Acquires PSL
- LONDON--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, has acquired Prytania Solutions Ltd. (PSL), a leading provider of technology-driven valuation and analytic services, as it continues to strengthen its market-leading Financial and Valuation Advisory business and offer clients a differentiated experience using data-driven deliverables. The acquisition connects PSL's advanced machine learning technology and market-leading tools with Houlihan Lokey's structured p.
- 10/30/2024
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Houlihan Lokey Reports Second Quarter Fiscal 2025 Financial Results
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its second quarter ended September 30, 2024. For the second quarter ended September 30, 2024, revenues were $575 million, compared with $467 million for the second quarter ended September 30, 2023. Net income was $94 million, or $1.37 per diluted share, for the second quarter ended September 30, 2024, compared with $67 million, or $0.99 per diluted sh.
- 10/30/2024
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Houlihan Lokey (HLI) Earnings Expected to Grow: What to Know Ahead of Q2 Release
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 10/17/2024
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Platinum Equity and Butterfly to Acquire Rise Baking Company
- Leading operational private equity firms partner to accelerate Rise's next chapter of growth LOS ANGELES, Sept. 17, 2024 /PRNewswire/ -- Global investment firm Platinum Equity and Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced the acquisition of Rise Baking Company ("Rise"). Platinum Equity and Butterfly will be equal partners in the investment. Financial terms of the transaction were not disclosed. Founded in 2013 and based in Minneapolis, Minnesota, Rise is a leading supplier of bakery products, including cookies, pies, cakes, icings, muffins, crispy bars, and more, to in-store bakeries and foodservice customers throughout North America. Rise will continue to operate under its current management team, led by Chief Executive Officer Brian Zellmer. "We have built this company into one of the leading bakery platforms in North America thanks to the contributions of our incredible team over the years," said Zellmer. "We welcome the opportunity to partner with Platinum Equity and Butterfly as we continue to grow Rise Baking Company to serve our customers as their total bakery partner." Rise has completed 10 acquisitions since its founding and today serves a blue-chip customer base with a well-diversified portfolio of bakery products. The company has created a scalable manufacturing and logistics network that allows it to effectively service national and regional accounts. "We view Rise as an established leader with impressive scale and a strong foundation with a lot more room to grow both organically and through additional M&A," said Platinum Equity Co-President Jacob Kotzubei. "Beyond the quality of its products, we believe the quality of Rise's people helps set it apart. The team's creative spirit, deep understanding of market trends, and hands-on, in-store expertise provide its customers tremendous value. We look forward to deploying our financial and operational resources to help the company expand its reach." "We are honored to partner with Brian and the full Rise team to support their expansion by turbo-charging growth both organically and through strategic acquisitions," said Butterfly Co-Founder and Co-CEO Adam Waglay. "As a food-focused and operations-driven investment firm, we have taken a keen interest in the attractive bakery sector, and we are excited to bring our specialized expertise and deep food network to bear to help amplify and accelerate the company's mission to Rise above its customers' expectations one bite at a time." The transaction is expected to close in Q4 2024. Rise was advised by Morgan Stanley & Co. LLC as lead financial advisor in addition to Harris Williams. Houlihan Lokey and Stifel are serving as financial advisors to Platinum Equity and Butterfly, and Bank of America Securities is providing financing for the acquisition. Gibson, Dunn & Crutcher LLP and Simpson Thacher & Bartlett are serving as legal advisors to Platinum Equity and Butterfly, and Willkie Farr & Gallagher LLP is providing debt financing counsel. About Platinum EquityFounded in 1995 by Tom Gores, Platinum Equity is a global investment firm with more than $48 billion of assets under management and a portfolio of approximately 50 operating companies that serve customers around the world. Platinum Equity specializes in mergers, acquisitions and operations – a trademarked strategy it calls M&A&O® – acquiring and operating companies in a broad range of business markets, including manufacturing, distribution, transportation and logistics, equipment rental, metals services, media and entertainment, technology, telecommunications and other industries. Over the past 28 years Platinum Equity has completed more than 450 acquisitions. About ButterflyButterfly is a Los Angeles, California-based private equity firm specializing in the food sector, spanning the entire food value chain from "seed to fork" via four key segments: upstream & processing, B2B service providers, multi-site and branded goods. Butterfly manages over $4 billion of assets to date and aims to generate attractive investment returns through deep industry specialization, a disciplined and data-driven investment process and a hands-on approach to portfolio transformation. For additional information about Butterfly, please visit its website at www.bfly.com. About Rise Baking CompanyRise Baking Company, based in Minneapolis, MN, is a North American bakery manufacturer that produces a broad portfolio of products for in-store bakeries and foodservice customers, including leading national grocery chains, convenience stores, QSRs, and mass merchandisers. Rise operates with an unparalleled customer-first culture, resulting in best-in-class product innovation, quality, and service. Rise Baking Company believes "our finest ingredient is our people." For more information, please visit risebakingcompany.com. Media Contacts: Dan WhelanPlatinum Equity[email protected] Prosek Partners for Butterfly[email protected]
- 09/17/2024
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Houlihan Lokey Continues Expansion of Software Coverage Capabilities With Senior European Hire in Technology Group
- PARIS--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Joy Sioufi has joined the firm as a Managing Director in its Technology Group. Based in Paris, Mr. Sioufi will focus on the French software market, further strengthening the firm's global and EMEA coverage in this sector. Mr. Sioufi joins the firm from GP Bullhound, where he spent eight years and co-founded the Paris office. During his tenure, he built a team and managed, as a dealmaker and.
- 09/17/2024
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Houlihan Lokey Expands Global Technology Group With Senior Software Hire
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Geoff Rhizor has joined as a Managing Director. Based in San Francisco, Mr. Rhizor will join the Technology Group where he will focus on the social impact/nonprofit and office of the CFO software sectors and will collaborate with members of the FinTech Group in the latter. Mr. Rhizor joins the firm after spending the past six years at Canaccord Genuity, where he helped establish its West.
- 08/20/2024
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Houlihan Lokey (HLI) Post Q1 Earnings Beat: A Buy or A Bye?
- Houlihan Lokey's (HLI) revenues from U.S. operations jump 11.9% year over year in the first quarter of fiscal 2025.
- 08/09/2024
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Houlihan Lokey (HLI) to Acquire Waller Helms, Boost Coverage
- Houlihan Lokey (HLI) is set to acquire Waller Helms to enhance its insurance and wealth management solutions, making it the top advisor in both sectors.
- 08/09/2024
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Houlihan Lokey, Inc. (HLI) Q1 2025 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2025 Earnings Conference Call July 30, 2024 5:00 PM ET Company Participants Christopher Crain - General Counsel and Secretary Scott Adelson - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Devin Ryan - JMP Securities Ken Worthington - JP Morgan Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Jim Mitchell - Seaport Global Aidan Hall - KBW Operator Good day, ladies and gentlemen. Thank you for standing by.
- 07/30/2024
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Houlihan Lokey (HLI) Q1 Earnings Meet Estimates
- Houlihan Lokey (HLI) came out with quarterly earnings of $1.22 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago.
- 07/30/2024
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Houlihan Lokey (HLI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/23/2024
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2025
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2025 fiscal year on Tuesday, July 30, 2024, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Adelson, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2025.
- 07/11/2024
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Houlihan Lokey Strengthens Retail and Multi-Unit Coverage Capabilities With Senior Hire
- ATLANTA--(BUSINESS WIRE)--Kenny Kraft has joined Houlihan Lokey's Consumer, Food & Retail Group as a Managing Director in Atlanta to cover the retail/multi-unit sector.
- 06/24/2024
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13 Upcoming Dividend Increases Including A King
- PepsiCo announces a 7.1% increase in dividends, extending its 52-year streak of dividend growth. The overall group of companies featured in the article has an average dividend increase of 4.9% and a median increase of 4.4%. The article provides a table with information on dividend increases, ex-dividend dates, and additional metrics for the featured companies.
- 05/30/2024
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Houlihan Lokey Expands Capital Markets Team With Senior European Hire
- MILAN--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Vieri Betti Guaraldi has joined as a Managing Director in its Capital Markets Group as the firm continues to expand the team in Europe. Based in Milan, Mr. Betti Guaraldi will work alongside senior European capital markets colleagues to deliver bespoke debt advisory services to the firm's clients in Italy and across the region. Mr. Betti Guaraldi joins the firm from Rothschild & Co., wh.
- 05/21/2024
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Prescient Therapeutics seeks to provide new tools for clinicians in combating cancer
- Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Peninsula Energy uniquely placed as uranium junior with long term sales extending until 2030
- Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Anson Resources confirms new Bosydaba#1 Well at Green River is rich in lithium and bromine
- Anson Resources Ltd (ASX:ASN, OTCQB:ANSNF) has fielded strong assay results from brine testing at the new Bosydaba#1 well of the Green River Lithium Project in Utah, US, confirming the Mississippian Units on the tenure are rich in lithium and bromine. The brine assayed up to 139 parts per million (ppm) lithium and 4,604 ppm bromine, offering similar results to that of the nearby Paradox Lithium Project’s JORC-compliant mineral resource. According to Anson, the Mississippian Units at Green River stretch about 790 metres thick, with lower salt concentrations (low in iron, magnesium, calcium, potassium and boron) that should be beneficial to the lithium extraction process. The latest round of drilling also confirmed Anson’s modelling and interpretations, demonstrating the presence of a massive, supersaturated brine aquifer with high pressure of about 5,100 pounds of force per square inch (psi). The well will remain open for testing and production of samples for off-take partners, to be provided at the Green River Sample Demonstration Plant. Anson intends to feed these samples into a production flow sheet design while also creating large amounts of battery-grade material for testing and partnership negotiations. The significance of the availability of fresh brine from Bosydaba#1 well is that it is expected that the test results to be fed into the production flow sheet design will be more accurate as the brine will be as near as possible to that to be used in production. In addition, it will also be possible to produce larger amounts of battery-grade material for testing by offtake partners. The lithium value is 40% higher than the assay used as the minimum value in the lithium grade range and the bromine grade is 177% higher than the maximum value in the bromine grade range used in the initial exploration target calculations for the Green River Lithium Project. In addition, the thickness of the Mississippian is 263% higher than what was used in the calculation. Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Venture Minerals appoints Philippa Leggat as managing director on resignation of Andrew Radonjic
- Andrew Radonjic, the long-term Venture Minerals Limited (ASX:VMS, OTC:VTMLF) managing director, has tendered his resignation, effective today, and former non-executive director Philippa Leggat will assume the role. Radonjic had been at the helm since 2006 and his tenure with Venture included the pivotal discovery of the Jupiter Rare Earths Project in Western Australia. In his 17-year period with the company, Radonjic navigated the business through some challenging economic periods, such as the global financial crisis and the COVID-19 pandemic, while expanding Venture's exploration portfolio. New MD Leggat, who joined the board in late 2023, led the board renewal process, which brought significant talent to the company, including Tim Lindley and Nick Cernotta. The initial drilling results from the Jupiter project highlighted its substantial potential, helping Venture attract high-calibre candidates. With more than 20 years of experience in the mineral industry, Leggat brings a wealth of knowledge gleaned from roles as an executive director and advisor to several ASX-listed companies, where she has been instrumental in capital raising, exploration, development and project evaluation. Leggat has a proven track record in negotiating value-accretive project acquisitions and effectively communicating an organisation’s competitive advantages to enhance its profile. In addition to advisory roles, Leggat has held key positions in various ASX-listed companies, including CEO of Comet Resources, executive director of Geopacific Resources and non-executive director of Kula Gold and Ensurance Ltd. She also serves as a non-executive director of Harena Resources, a private company focused on developing a significant ionic clay rare earths project in Madagascar. Non-executive chair Tim Lindley said: “We are excited to be appointing Philippa Leggat as managing director at this pivotal time for the company, where there is a clear opportunity to significantly advance the Jupiter Rare Earths Project, restructure the company to best position VMS for opportunities in critical minerals, and create substantial shareholder value. “We have a vision to make Venture one of the best rare earths and critical minerals companies in Australia. Philippa’s appointment is the next key step in that journey. "We strongly believe Philippa has the skills, capabilities and tenacity to drive the company forward through the next important phases for Venture Minerals. “We acknowledge Andrew’s 17 years of service as technical director and managing director. We thank him particularly for his valuable contribution in securing Jupiter for Venture shareholders and wish him all the best in his future endeavours.” Managing director Philippa Leggat said: “In Tim and Nick we have secured expert guidance that is founded on decades of delivering shareholder returns through capital markets and resource expertise. “I hope investors recognise how unusual it is to see people like these venturing into the junior end of the market. This is not their natural habitat and the implication of that for shareholders should set hearts racing. “We will be moving quickly in the coming weeks to focus our efforts on Jupiter, an asset with world-class potential, and we thank Andrew for bringing the opportunity to Venture. “It is my privilege to be handed the reigns of this incredible opportunity with Nick and Tim’s support. Venture has a once-in-a-lifetime opportunity; the asset, the people and the timing at the bottom of the pricing cycle. Welcome to the Jupiter journey.” Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Maximus Resources lands Foreign Investment Review Board approval for Lefroy lithium JV with Korean entity
- The Australian Foreign Investment Review Board (FIRB) has given Maximus Resources Ltd (ASX:MXR, OTC:MXRRF) the go-ahead to proceed on a joint venture with the Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR). KOMIR will invest US$3 million (around A$4.5 million) in exploration to earn a 30% interest in Maximus' Lefroy Lithium Project, in Western Australia's Eastern Goldfields lithium corridor. The Lefroy Lithium Project spans granted mining tenements in the Eastern Goldfields Lithium-Cesium-Tantalum (LCT) Province, near Mineral Resources’ Mt Marion and Bald Hill lithium mines. Maximus holds a diversified portfolio of gold, lithium and nickel exploration projects in the Kambalda region, with over 335,000 ounces of gold resources. Maximus managing director Tim Wither said: “Receiving FIRB approval is an important milestone for the strategic lithium partnership, allowing the company to progress the Lefroy Lithium Project, fully supported with KOMIR’s US$3 million investment. “We have made some significant progress during the FIRB review process, utilising a US$200,000 non-refundable deposit to build our geological understanding and identifying some very promising prospective targets at Kandui, Yilmia and Landor through the first-phase soil geochemistry mapping and a successful initial 3,000 metres RC drill program. “In November 2023, we successfully intersected several shallow high-grade spodumene-bearing pegmatites at our Kandui prospect, which will be the focus for the upcoming drill program, whilst drill testing the Yilmia and Landor prospects.” The first drilling program at Lefroy intersected multiple high-grade spodumene-bearing pegmatites, bearing out the company’s geological interpretation and confirming spodumene as the dominant lithium-bearing mineral, with results such as: In parallel with the first-phase drill program, Maximus collected 3,300 soil samples across the entire Lefroy lithium tenement package. The upcoming second phase drill program, set to commence shortly, will focus on the Kandui target. Maximus retains a 70% interest in the Lefroy Lithium Project at the end of the farm-in period, maintaining significant upside potential. A separate Memorandum of Understanding (MOU) with LG Energy Solution Ltd offers the option to acquire KOMIR's 30% interest and negotiate the purchase of up to 70% of the Lefroy Lithium Project’s future lithium product. With FIRB approval secured and supported by KOMIR's substantial investment, Maximus is now primed to advance the Lefroy Lithium Project. Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Keywords Studios up 62% after EQT approach; could the ante be upped?
- Keywords Studios PLC (AIM:KWS, OTC:KYYWF) saw its shares jump 62% in early trading after confirming a £2.2 billion bid approach from EQT Group. The proposed deal, which offers £22.50 per share, represents a more than 50% premium to Keywords' last closing price. Shareholders would also receive a final dividend payment if the acquisition proceeds. Keywords, which provides services to the gaming industry, stated this bid was one of several from the private equity firm. However, the board indicated this particular offer might be recommended. EQT, managing around £200 billion in assets, has until June 15 to make a formal offer. The company, which serves clients like Activision Blizzard and Tencent, has faced challenges with its share price dropping nearly 50% since September 2021 due to concerns over AI replacing some of its services. Despite this, the board remains confident in its growth strategy, which EQT supports. In early trading, the stock was up 904p at £23.74 - £1.24 above the indicative offer (and suggesting the bid may go higher). Shore said the current deal surpassed its fair value for the stock, which was around £18. Peel Hunt said the offer represented 12 times underlying earnings (EBITDA), which was essentially the level at which Keywords shares were trading before confidence was undermined by the threat posed by generative AI. The broker points out that recent gaming platform take-outs have completed at an average of 16 times EBITDA. Sumo Group, a company very similar to Keywords, was acquired at a multiple of 32 times n 2021, while Codemasters, a publisher and developer of its own games, was acquired at a multiple of 31 times in December 2021, Peel Hunt noted. Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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IQ-AI boosted with second FDA rare pediatric disease designation for GaM
- IQ-AI Ltd (LSE:IQAI, OTCQB:IQAIF) told investors that its subsidiary, Imaging Biometrics, has received a second US FDA Rare Pediatric Disease Designation (RPDD) for its lead drug candidate, oral gallium maltolate (GaM). The designation is for the treatment of pediatric-type diffuse high-grade glioma (HGG), a cancer with poor prognosis due to the early dissemination of cancer cells and challenges in surgical resection, it noted. Such designations provide significant strategic and financial benefits, including eligibility for Priority Review Vouchers (PRVs) which can expedite FDA review processes, or can be sold to other companies. "This second Rare Pediatric Disease Designation for IB-003 reflects our commitment to address the needs of children affected by these conditions," Q-AI chief executive Trevor Brown said in a statement. "Building upon these designations, we are exploring ways to accelerate and expand the application of IB-003." HGG comprises four distinct subtypes as classified by the 2021 World Health Organization (WHO) CNS5. These subtypes are diffuse midline glioma, diffuse hemispheric glioma H3 G34-mutant, diffuse pediatric high-grade glioma H3 wildtype and IDH wildtype, and infant-type hemispheric glioma. The FDA defines rare pediatric diseases as serious or life-threatening conditions affecting fewer than 200,000 individuals under 18 years of age. GaM's RPDD follows an earlier designation for the treatment of atypical teratoid rhabdoid tumor (ATRT), leveraging pre-clinical data that showed growth inhibition and extended survival in treated groups. Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Chariot kicks off OBA well drilling
- Chariot Ltd (AIM:CHAR, OTC:OIGLF) told investors it has started drilling the OBA-1 well, on the Dartois prospect located in the Loukos Onshore licence, in Morocco. The Dartois target holds an estimated recoverable prospective resource of 12 billion cubic feet (Bcf). It is targeting a different trapping style compared to the Gaufrette prospect drilled by the RZK-1 well. Success at Dartois could potentially unlock additional prospects with a combined resource estimate of 20 Bcf. "We are pleased to be underway with our second well in this drilling campaign, having spud the OBA-1 well within short order of completing operations at Gaufrette,” Chariot technical director Duncan Wallace said in a statement. “We are now testing an independent prospect at Dartois, which is in a different reservoir fairway and along trend from an existing gas discovery, and we look forward to providing an update on the results in due course." Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process. ARway.ai (CSE:ARWY, OTCQB:ARWYF) Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce two new strategic partnerships with Ershad Technologies and Walkk. Ershad Technologies, based in Saudi Arabia, is a technology agency specializing in advanced augmented reality (AR) technologies. They focus on delivering immersive AR experiences on mobile platforms, providing comprehensive implementation services aimed at improving visitor experiences and enhancing marketing solutions through the strategic use of AR technology. Walkk, a 3D and AR-focused technology startup based in Oman, has joined ARway as a developer. Walkk is set to develop and deploy an indoor navigation app for the Comex 2024 Global Technology Show, taking place from May 27-30 in Oman. The partnership aims to showcase the capabilities of Walkk and ARway to secure new projects in the Oman market.
- 05/20/2024
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AFC forms partnership to supply fuel cell modules with Niftylift
- AFC Energy PLC (AIM:AFC, OTC:AFGYF) has won a contract to supply its hydrogen-powered S Series fuel cell modules to Niftylift, one of the largest providers of mobile elevated work platforms (MEWP) in Europe. The AIM-listed company said a collaboration has been agreed whereby it will sell the fuel cell modules packaged specifically for Niftylift’s hydrogen-electric ‘H2E’ range of powered access MEWPs. Sales will begin in early 2025, it said, with Milton Keynes-based Niftylift, which also has offices in German, the Netherlands and the USA, will integrate the modules into their H2E platforms before “assessing opportunities to scale the fuel cells into larger MEWPs”. AFC said Niftylift’s existing level of sales for its zero-emission H2E series in Europe, the US and Middle East “already highlights the immediate opportunity and scale of the market”. One of its existing customers is construction market specialist Speedy Hire, with which AFC already has another partnership. AFC chief executive Adam Bond said: “The agreement builds on our H-Power generator offering by opening new opportunities for system integration with heavy plant and equipment. “Combining the volume of fuel cell modules deployed in H-Power generators with new partners such as Niftylift, builds on the economies of scale available through our supply chain, driving down costs to end users.” Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Keywords Studios confirms £2.2bn private equity bid approach
- Keywords Studios PLC (AIM:KWS, OTC:KYYWF) has confirmed the receipt of a bid approach from EQT Group worth around £2.2bn. Dublin-based games services specialist Keywords said it was one of a series of potential deals tabled by the private equity firm, but this one being at the value the "board would be minded to recommend". EQT, which has around £200 billion under management, has until the close of business on June 15 to table a formal offer. If the acquisition goes ahead, Keywords investors would receive £22.50 a share - a 53% premium to Friday's closing price - plus they'd be entitled to the final dividend payment. Since hitting a high of more than £33 in September 2021, the shares have almost halved in value amid worries that AI may be used to carry many of the games industry tasks outsourced to the company by customers such as Activision Blizzard and Tencent. In the last year, the share price has tumbled 36%. In a statement to the stock exchange Keywords: "The board remains confident in the company's growth strategy of building the only truly global platform providing solutions to the video games and entertainment industries, both organically and through acquisitions, and EQT is supportive of this strategy. The company employs 13,000 people in 26 countries and has grown from a £50 million market capitalisation when it debuted on AIM in 2023. Ocado Group PLC (LSE:OCDO) is in the midst of an identity crisis. Ocado, via its ocado.com joint venture with Marks & Spencer Group plc, operates its own online grocery store in the UK. This we all know; Ocado vans are a mainstay of Britain’s congested traffic lanes. But at its heart, Ocado is – or is at least trying to position itself as – a technology company. Not everyone has got the memo though, particularly Britain’s investment class, which has refused to price Ocado’s shares in alignment with other tech stocks. This has led rumours swelling that Ocado is poised to handle its identity crisis in the same fashion as many other British technology companies before it- by moving its primary listing stateside. Some have completely dismissed these rumours, including Shore Capital Markets’ Clive Black, who in April called it a “stunt from wherever to boost the heavily loss-making British ‘tech’ company’s share price”. But is there a legitimate point behind the rumours and if so, what would be the justification for Ocado seeking a more welcoming investment class outside of the Square Mile? By the numbers Technology is without a doubt Ocado’s fastest-growing sales line. In full-year results published in February, technology sales grew 44% year on year while retail grew just 7%. Tech is still a significantly smaller segment though, bringing in £429 million worth of sales in 2023 compared to retail’s £2.4 billion-plus. Any potential divorce between the two would make Ocado a substantially smaller operation. It would also make Ocado “higher quality, with higher margins, more recurring revenue and much lower capex”, said one investment analyst speaking with Proactive on the matter. As of 17 May, Ocado’s share price is effectively a 1:1 ratio of all combined operations on a price-to-sales basis. If using Ocado’s forward guidance of mid-to-high single-digit revenue growth, the PS ratio dips below 1:1. Not unheard of in the low-margin retail space, but criminally cheap in the tech space. Undervalued, underappreciated Simply put, Ocaco is objectively undervalued as a tech company. But according to the analyst, this is “not necessarily a lack of understanding” among the investment community. “It might be more about a lack of belief in the business model, especially compared to North American investors who are more open to futuristic bets.” Ocado also has a history of disappointing financial results, breeding further scepticism among Square Mile investors. Garyth Stone, managing director of investment bank Houlihan Lokey (NYSE:HLI)’s consumer, food and retail group, said: “The UK market focuses more on cash flow, profitability, and dividend stability… If (Ocado moved its listing) to the NASDAQ, it might get a fresher perspective from US investors.” True, British tech companies do command superior valuations stateside (hello Arm Holdings PLC (NASDAQ:ARM)), but there is a key difference between Ocado and Arm, or indeed other British companies that have made the move, such as Darktrace and non-tech companies like Flutter. These companies that have moved stateside have done so partially because that is where most of their sales come from. Ocado, on the other hand, is still a UK-centric business. Stone agreed that US investors prefer companies with significant US sales, “but listing on the NASDAQ, which is more internationally focused than the New York Stock Exchange, could still be beneficial. It's not a magic bullet, but it could be a sensible move”. Spinning out Listing change or no listing change, some analysts see a spinning out of Ocado’s retail operations as a very logical next step that is likely being considered by management. AJ Bell analyst Russ Mould echoed this sentiment: "In doing so, Ocado would no longer be associated with the little vans that deliver loaves of bread to Mrs Miggins. That act in itself would be an important first step in trying to get the market to look at the business in a different way." This may have already been foreshadowed with the recent addition of Gavin Patterson to the board. As former chief executive of BT and former president and chief finance officer of Salesforce, Patterson ticks all of the boxes- B2B, tech and US capital markets. It’s almost too convenient. Commenting on his addition to the board, Patterson called Ocado “a true technology pioneer… It has developed and proven applications of AI and robotics that solve some of the most complex supply chain challenges in grocery and logistics. I look forward to working with the board and the leadership team at this exciting time”. Whether this ‘exciting time’ is an allusion to a stateside move will be determined in due course. One thing is for certain- the recent controversy over Ocado’s chief executive Tim Steiner’s salary won’t have sweetened London’s appeal. Dissenting shareholders (comprising nearly a fifth of total votes) were vexed at Steiner’s potential £15 million remuneration package, given shares are off 88% since the pandemic-era Halcyon days. Shareholder advisory firms, meanwhile, criticised Ocado’s refusal to pay a real living wage. All valid points that nonetheless feed into the thesis for listing in a place where middling issues like 1,800% bonus multipliers and fair hourly wages aren’t as contentious. Putting the ‘how’ aside, there is little doubt that Ocado needs to make big changes to turn the ship around and recover lost value. Don’t be massively surprised if the Square Mile loses another member in the process.
- 05/20/2024
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Houlihan Lokey's (HLI) Shares Up Since Q4 Earnings Beat
- Houlihan Lokey's (HLI) fiscal fourth-quarter results benefit from the growing financial restructuring business. However, rising expenses partially offset the positives.
- 05/13/2024
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Houlihan Lokey, Inc. (HLI) Q4 2024 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q4 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Scott Beiser - CEO Lindsey Alley - CFO Scott Adelson - Co-President and Co-Head of Corporate Finance Conference Call Participants Brennan Hawken - UBS Alex Jenkins - Citizen Brendan O'Brien - Wolfe Research Michael Cho - JP Morgan James Yaro - Goldman Sachs Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by and welcome to Houlihan Lokey's Fourth Quarter and Fiscal Year 2024 Earnings Conference Call.
- 05/08/2024
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Houlihan Lokey Strengthens European Financial Services and Technology Team With Experienced Hire
- LONDON--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Scott Kirkby has joined the firm as a Managing Director in its European Financial Services and Technology team, which operates as part of the global FinTech Group. Based in London, Mr. Kirkby will focus primarily on the banking and lending sector, further strengthening the firm's EMEA capabilities in this area. Mr. Kirkby joins from Bupa, where he was the Group Director of Corporate Develo.
- 05/08/2024
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Houlihan Lokey (HLI) Earnings Expected to Grow: Should You Buy?
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/01/2024
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Houlihan Lokey Healthcare Group Adds Experienced Hire
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Erik Kistler has joined the firm's Healthcare Group as a Managing Director. Based in New York, Mr. Kistler will cover selected areas within healthcare retail multi-site, physician practices, and pharma services. Mr. Kistler joins the firm after spending two years as an Executive Director at Moelis & Company. At Moelis, Erik covered multi-site healthcare and pharma services. Prior to.
- 05/01/2024
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Houlihan Lokey Broadens Software Coverage Capabilities With Senior Hires in Technology Group
- MIAMI & NEW YORK--(BUSINESS WIRE)--Ryan Lund joins Houlihan Lokey as US co-head of Technology and Global co-head of Software. Vik Kaushik and Ted Sullivan join as Directors in Software.
- 04/25/2024
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Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2024
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2024 fiscal year on Wednesday, May 8, 2024, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, Scott Adelson, Co-President and Co-Head of Corporate Finan.
- 04/23/2024
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Why Houlihan Lokey (HLI) Could Beat Earnings Estimates Again
- Houlihan Lokey (HLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/18/2024
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Houlihan Lokey Further Expands Equity Private Placement Offering With Senior Hire
- LONDON--(BUSINESS WIRE)--Ashish Patel joins Houlihan Lokey's Capital Markets Group as a Managing Director to further expand its equity private placement capability in EMEA.
- 04/10/2024
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Houlihan Lokey Continues Expansion of Its Capital Markets Group With Senior Hire
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Schwartz has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Schwartz will support and enhance the firm's private capital financing efforts across all industry verticals. Mr. Schwartz joins following seven years at Lazard, where he most recently was a Managing Director and Head of the Private Financing Group focused on executing capital raises f.
- 04/08/2024
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Houlihan Lokey Continues Expansion of Private Funds Advisory Capabilities With Senior Hires for U.S. Primary Practice
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey has hired Tom Donovan, Ryan Carey, Sean Joffe, and Paul Tam to lead the firm's U.S. primary business in the Private Funds Group.
- 04/04/2024
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Houlihan Lokey Expands Financial Sponsors Coverage Capabilities with Experienced Hire
- NEW YORK--(BUSINESS WIRE)--Val Shapiro has joined Houlihan Lokey's Financial Sponsors Group as a Managing Director to cover credit investors. She is based in New York.
- 03/26/2024
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Houlihan Lokey Appoints Rafael Pereira as a Senior Advisor
- SÃO PAULO--(BUSINESS WIRE)--Technology leader and entrepreneur Rafael Pereira has joined Houlihan Lokey as a Senior Advisor to support the firm's clients in Brazil.
- 03/15/2024
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Houlihan Lokey Expands Healthcare Capital Markets Capabilities With Experienced Hire
- CHICAGO--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Brent Shepherd has joined as a Managing Director in its Capital Markets Group. Based in Chicago, Mr. Shepherd will co-lead the firm's Healthcare Capital Markets efforts alongside Managing Director Neha Shah. Mr. Shepherd joins following 24 years at Capital One's Healthcare Banking and Lending unit (formerly GE Capital Healthcare Financial Services prior to its sale to Capital One in 2015).
- 03/11/2024
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Houlihan Lokey Announces Senior Leadership Changes
- LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Scott Beiser will step down as Chief Executive Officer, a role he has held since 2003. Scott Adelson, Co-President and Global Co-Head of Corporate Finance, will succeed Mr. Beiser as Chief Executive Officer. Mr. Beiser will remain an executive officer of the firm as a Co-Chairman of Houlihan Lokey. In addition to these changes, Eric Siegert, Global Co-Head of Financial Restructuring,.
- 03/04/2024
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Houlihan Lokey, Inc. (HLI) Q3 2024 Earnings Call Transcript
- Houlihan Lokey, Inc. (HLI) Q3 2024 Earnings Call Transcript
- 02/01/2024
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Houlihan Lokey Reports Third Quarter Fiscal 2024 Financial Results
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its third quarter ended December 31, 2023. For the third quarter ended December 31, 2023, revenues were $511 million, compared with $456 million for the third quarter ended December 31, 2022. Net income was $71 million, or $1.04 per diluted share, for the third quarter ended December 31, 2023, compared with $63 million, or $0.90 per diluted share, for.
- 02/01/2024
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Lower Transaction Fees to Hurt Houlihan Lokey's (HLI) Q3 Earnings
- Houlihan Lokey's (HLI) third-quarter fiscal 2024 results are likely to suffer from a fall in the number of Fee Events and escalating costs. Nevertheless, higher interest rates are expected to act as a partial offset.
- 01/30/2024
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Analysts Estimate Houlihan Lokey (HLI) to Report a Decline in Earnings: What to Look Out for
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/25/2024
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Houlihan Lokey (HLI) stock will benefit if bankruptcies rise in 2024
- Bankruptcies have continued rising in the past few years as companies struggle in this high-interest rate environment. Data by S&P shows that there were almost 600 major bankruptcies during the year, with the most notable ones being WeWork, Lordstown Motors, Rite Aid, and Bed Bath and Beyond being the top ones.
- 01/23/2024
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Houlihan Lokey Announces Release Date for Third Quarter Results for Fiscal Year 2024
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its third quarter results for the 2024 fiscal year on Thursday, February 1, 2024, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2.
- 01/11/2024
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Houlihan Lokey (HLI) Ups Private Capital Mark With Triago Buyout
- Houlihan Lokey (HLI) expects the Triago Management acquisition to close in the first half of 2024.
- 12/22/2023
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Houlihan Lokey to Present at the Goldman Sachs 2023 US Financial Services Conference
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Scott Beiser, Chief Executive Officer, and Gregg Newman, Managing Director and Global Co-Head of Capital Markets, will present at Goldman Sachs' 2023 US Financial Services Conference on Tuesday, December 5, 2023 at 4:20 p.m. Eastern Time. Access to a live webcast of the presentation in listen-only mode will be available through the “Investor Relations” section of the Company's website, w.
- 11/30/2023
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Houlihan Lokey, Inc. (HLI) Q2 2024 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q2 2024 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Charles Yamarone - Chief Corporate Governance & Compliance Officer Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Alex Jenkins - JMP Securities Ken Worthington - JPMorgan Ryan Kenny - Morgan Stanley Brendan O'Brien - Wolfe Research Operator Good day ladies and gentlemen. Thank you for standing by.
- 10/26/2023
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Houlihan Lokey: It Can Gain From Economy's Pain
- The company's growth has normalized after a remarkable period, but it's still fundamentally strong, with solid profitability and a dominant position in M&A, Restructuring, and Fairness Opinion services globally. The stock's valuation has risen considerably over the past year, reflecting a broader trend in the Investment Banking and Brokerage industry. Despite this, it may still offer value in the long term. HLI remains ahead of its peers, with a lower correlation to the market and better returns, making it an attractive diversification option for portfolios.
- 09/27/2023
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Wells Fargo to pay largest fine in SEC recordkeeping enforcement action
- Wells Fargo & Co. WFC, -2.72% will pay $125 million out of a total of $289 million in fines by the Securities and Exchange Commission against 10 firms “for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications,” the SEC said. The firms have started to carry out improvements to their compliance policies and procedures to address the violations, the SEC said.
- 08/08/2023
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Houlihan Lokey, Inc. (HLI) Q1 2024 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2024 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Ben Rubin - UBS James Yaro - Goldman Sachs Ken Worthington - JPMorgan Michael Falco - JMP Securities Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.
- 07/27/2023
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Houlihan Lokey (HLI) is a Great Momentum Stock: Should You Buy?
- Does Houlihan Lokey (HLI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 07/18/2023
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2024
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2024 fiscal year on Thursday, July 27, 2023, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2024.
- 07/13/2023
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Houlihan Lokey (HLI) Set to Gain From 7 Mile Advisors Buyout
- The 7 Mile Advisors acquisition is likely to boost Houlihan Lokey's (HLI) geographical footprint and IT services coverage capabilities.
- 07/11/2023
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Houlihan Lokey buys IT boutique investment bank 7 Mile Advisors
- Houlihan Lokey Inc. HLI, +0.44% said Monday it agreed to pay an undisclosed sum to acquire 7 Mile Advisors (7MA), a boutique investment banking firm with 30 employees including five managing directors that specializes in the information technology (IT) sector. The Charlotte, N.C.
- 07/10/2023
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Buy Houlihan Lokey stock if Deutsche Bank is right about defaults
- The number of companies filing for bankruptcy is rising and analysts at Deutsche Bank believe that a new wave of default is coming. Some of the most notable companies that went burst recently are Vice Media, Bed Bath & Beyond, and Virgin Orbit.
- 06/01/2023
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5 Stocks With Recent Dividend Hike for a Stable Portfolio
- Dividend-paying stocks should be in demand as investors try to safeguard their portfolios. Five Such stocks are: BAP, APO,NBHC, HLI and TTEK.
- 05/16/2023
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Houlihan Lokey, Inc. (HLI) Q4 2023 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q4 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Ryan Kenny - Morgan Stanley Matt Moon - KBW Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Jim Mitchell - Seaport Global Operator Good day, ladies and gentlemen. Thank you for standing by.
- 05/13/2023
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Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2023
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2023 fiscal year on Tuesday, May 9, 2023, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the.
- 04/25/2023
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Evercore: Our Pick For The Best Advisory IB
- Evercore: Our Pick For The Best Advisory IB.
- 04/24/2023
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Houlihan Lokey: Growing Headcount May Lead To Higher Value
- Houlihan Lokey is a leading global investment firm. Even taking into account that the number of corporate finance deals did not increase in 2022, management continued to hire directors.
- 03/16/2023
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Houlihan Lokey For 2023 - The Company Is Still Not Uninteresting
- I wrote about Houlihan Lokey, or HLI, a few months back in late December as part of my year-end updates for quality stocks. I've been keeping a close eye on HLI for some time, and it outperformed, as per my expectation - at least until the small crash we're seeing now.
- 03/15/2023
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Houlihan Lokey, Inc. (HLI) Q3 2023 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q3 2023 Earnings Conference Call January 31, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Ken Worthington - JPMorgan Jim Mitchell - Seaport Global Operator Good day, ladies and gentlemen. Thank you for standing by.
- 01/31/2023
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Houlihan Lokey (HLI) Q3 Earnings Surpass Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 1.79% and 3.22%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
- 01/31/2023
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Houlihan Lokey: Let's Look At This Interesting Financial Company
- A reader of mine has worked with Houlihan Lokey and asked me to take a closer look at the company to determine if I would invest in it. This article is the result of that research, and my first stance on Houlihan Lokey.
- 12/28/2022
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Genesis Crypto Brokerage Making Plan With Gemini to Avoid Next Crypto Meltdown
- Crypto mishaps remain in the spotlight this month to cap off a 2022 that stands in stark contrast to the year that preceded it. Extreme bullishness made this year feel like it'd be all milk and honey for the crypto industry.
- 12/21/2022
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Houlihan Lokey: The best bank stock to buy in 2023
- 2022 has been a tough year for banks even as central banks embraced their most hawkish tone in years. The closely watched SPDR Bank ETF (KBE) crashed by more than 20%, underperforming most global indices like the FTSE 100 and S&P 500.
- 12/20/2022
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What Does 2023 Have in Store for Growth Stocks, Electric Vehicles, and More?
- It's time to lawyer up!
- 12/17/2022
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Houlihan Lokey, Inc. (HLI) Q2 2023 Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q2 2023 Earnings Conference Call October 27, 2022 5:00 PM ET Corporate Participants Christopher Crain - General Counsel and Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Ben Rubin - UBS Brendan O'Brien - Wolfe Research James Yaro - Goldman Sachs Manan Gosalia - Morgan Stanley Mike Brown - KBW Michael Falco - JMP Securities Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, and thank you for standing by. Welcome to Houlihan Lokey's Second Quarter Fiscal Year 2023 Earnings Conference Call.
- 10/27/2022
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Houlihan Lokey (HLI) Tops Q2 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 14.42% and 14.56%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
- 10/27/2022
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Houlihan Lokey: Will the Share Price Follow Its Earnings Growth?
- An investment banker that offers excellent fundamentals and a temporarily discounted share price
- 10/10/2022
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Fundamentals in the gaming sector are actually quite strong, says Houlihan Lokey's Simkins
- Joel Simkins, Houlihan Lokey managing director, joins 'Power Lunch' to discuss how gaming companies are doing, how current debt levels will affect M&A in the gaming space and companies that are well-situated for rising rates in the future.
- 10/06/2022
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The 5 Smartest Investments In The Market
- Retail investors are often at a disadvantage, but one simple way to win is by investing in the "smartest" companies. This article will present five companies that I believe are the smartest and explain why.
- 09/23/2022
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Houlihan Lokey: Number One Financial Advisor, My Number One Financial Investment
- I have been bullish on HLI for some time, and continue to be so. The company is the premier entity across multiple corporate financial advising segments, and financial performance is great.
- 09/07/2022
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Houlihan Lokey (HLI) Q1 Earnings and Revenues Surpass Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 25% and 9.86%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2022
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q1 2023 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2023 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Christopher Crain - General Counsel & Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Brendan O'Brien - Wolfe Research Michael Brown - KBW Jeff Harte - Piper Sandler Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to Houlihan Lokey's First Quarter Fiscal Year 2023 Earnings Conference Call.
- 07/28/2022
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2023
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2023 fiscal year on Thursday, July 28, 2022, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2023
- 07/15/2022
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Houlihan Lokey: The small-cap bank stock to buy in a recession
- Banking stocks have plummeted in the past few months even as central banks have embraced a hawkish tone. The closely watched SPDR Bank ETF (KBE) has fallen by about 28% from its highest level in 2022.
- 06/20/2022
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14 Upcoming Dividend Increases Including A Soon To Be King
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 12.4% and a median increase of 10.3%. I've tracked 282 increases in 2022, 211 increases in Q1 2022, and 71 in Q2.
- 05/26/2022
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser On Q4 2022 Results - Earnings Call Transcript
- Eyenovia, Inc. (EYEN) Q4 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Christopher Crain - General Counsel & Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley Brendan O'Brien - Wolfe Research Michael Brown - KBW Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to the Houlihan Lokey's Fourth Quarter Fiscal Year 2022 Earnings Conference Call.
- 05/12/2022
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Houlihan Lokey (HLI) Beats Q4 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 18.18% and 12.02%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
- 05/12/2022
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Why Houlihan Lokey (HLI) Might Surprise This Earnings Season
- Houlihan Lokey (HLI) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
- 05/11/2022
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Houlihan Lokey (HLI) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
- Houlihan Lokey (HLI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/05/2022
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Can Houlihan Lokey (HLI) Keep the Earnings Surprise Streak Alive?
- Houlihan Lokey (HLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 04/22/2022
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New Strong Buy Stocks for March 22nd
- AA, HLI, RUSHA, COLM, and VIVO have been added to the Zacks Rank #1 (Strong Buy) List on March 22, 2022.
- 03/22/2022
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Houlihan Lokey (HLI) Upgraded to Strong Buy: What Does It Mean for the Stock?
- Houlihan Lokey (HLI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- 03/09/2022
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New Strong Buy Stocks for March 9th
- ASIX, ACI, AA, GIL, and HLI have been added to the Zacks Rank #1 (Strong Buy) List on March 9, 2022.
- 03/09/2022
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7 Reliable Big-Name Finance Stocks to Buy
- Rising rates and falling stocks may not seem like a great time to consider finance stocks, but it's actually an ideal time to add them. The post 7 Reliable Big-Name Finance Stocks to Buy appeared first on InvestorPlace.
- 03/07/2022
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Looking for a Growth Stock? 3 Reasons Why Houlihan Lokey (HLI) is a Solid Choice
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 03/07/2022
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New Strong Buy Stocks for March 2nd
- AGCO, ASIX, AA, CDEV, and HLI have been added to the Zacks Rank #1 (Strong Buy) List on March 2, 2022.
- 03/02/2022
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3 Stocks Witnessing Momentum Anomaly for a Winning Portfolio
- Arista Networks (ANET), Occidental Petroleum (OXY) and Houlihan Lokey (HLI) are currently witnessing a short-term pullback in price. So, make sure you take full advantage of it.
- 02/28/2022
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4 Thriving Liquid Stocks to Boost Your Portfolio in 2022
- Here are four top-ranked liquid stocks, Cavco Industries (CVCO), Diodes Incorporated (DIOD), Houlihan Lokey (HLI) and Skyline (SKY), which investors can tap for strong returns.
- 02/18/2022
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Houlihan Lokey (HLI) is an Incredible Growth Stock: 3 Reasons Why
- Houlihan Lokey (HLI) could produce exceptional returns because of its solid growth attributes.
- 02/17/2022
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Houlihan Lokey, Inc.'s (HLI) CEO Scott Beiser on Q3 2022 Results - Earnings Call Transcript
- Houlihan Lokey, Inc.'s (HLI) CEO Scott Beiser on Q3 2022 Results - Earnings Call Transcript
- 02/08/2022
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Houlihan Lokey (HLI) Q3 Earnings and Revenues Top Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 31.22% and 28.02%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
- 02/08/2022
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A Window to Buy 3 Great Stocks Ahead of Earnings
- Things are coming together for HLI, CROX and CYH.
- 02/03/2022
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3 Reasons Growth Investors Will Love Houlihan Lokey (HLI)
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 01/31/2022
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New Strong Buy Stocks for January 25th
- AAWW, CWK, HLI, CNXC, and DKS have been added to the Zacks Rank #1 (Strong Buy) List on January 25, 2022.
- 01/25/2022
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Houlihan Lokey (HLI) Earnings Expected to Grow: What to Know Ahead of Q3 Release
- Houlihan Lokey (HLI) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 01/20/2022
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Will Houlihan Lokey (HLI) Beat Estimates Again in Its Next Earnings Report?
- Houlihan Lokey (HLI) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
- 01/14/2022
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Houlihan Lokey (HLI) Is Up 7.53% in One Week: What You Should Know
- Does Houlihan Lokey (HLI) have what it takes to be a top stock pick for momentum investors? Let's find out.
- 01/14/2022
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3 Reasons Growth Investors Will Love Houlihan Lokey (HLI)
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 01/13/2022
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Houlihan Lokey (HLI) Hits Fresh High: Is There Still Room to Run?
- Houlihan Lokey (HLI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 01/13/2022
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Is Houlihan Lokey (HLI) Outperforming Other Finance Stocks This Year?
- Here is how Houlihan Lokey (HLI) and Alerus (ALRS) have performed compared to their sector so far this year.
- 01/07/2022
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Top 3 undercovered financial stocks for 2022
- The financial services sector did well in 2021 as the American economy rebounded and as hopes for tighter monetary policy increased. The Fed has hinted that it will implement three rate hikes in 2022 and there are signs that the economy will do better than it did in 2021.
- 12/30/2021
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Here is Why Growth Investors Should Buy Houlihan Lokey (HLI) Now
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 12/27/2021
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3 Top-Ranked Stocks to Buy for Attractive Earnings Growth
- GMS, Ready Capital (RC) & Houlihan Lokey (HLI) at present flaunt superb earnings growth. This calls for investing in them right away.
- 12/10/2021
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Looking for a Growth Stock? 3 Reasons Why Houlihan Lokey (HLI) is a Solid Choice
- Houlihan Lokey (HLI) possesses solid growth attributes, which could help it handily outperform the market.
- 12/09/2021
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Tracking Warren Buffett's Future Dividend Picks: 21 From AAII's Hagstrom Screen
- The American Association of Individual Investors (AAII) publishes monthly tips for members on-line. Their November Journal featured these thirty Buffett-worthy candidates by one of Buffett's closest followers, Robert Hagstrom.
- 11/21/2021
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Best Momentum Stocks to Buy for October 29th
- BSVN, HLI, HAFC, and GOOGL made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on October 29, 2021.
- 10/29/2021
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q2 2022 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q2 2022 Results - Earnings Call Transcript
- 10/28/2021
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Houlihan Lokey (HLI) Q2 Earnings and Revenues Beat Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 43.70% and 44.03%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
- 10/28/2021
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4 Top-Ranked Stocks to Invest in for Solid Earnings Growth
- Regeneron Pharmaceuticals (REGN), Evercore (EVR), Houlihan Lokey (HLI) & DICK'S Sporting Goods (DKS) currently have striking earnings growth and positive estimate revisions, which make them must-buys.
- 10/18/2021
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Houlihan Lokey Announces Release Date for Second Quarter Results for Fiscal Year 2022
- LOS ANGELES and NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its second quarter results for the 2022 fiscal year on Thursday, October 28, 2021, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fisca
- 10/13/2021
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Municipal Communications Announces Sale of Portfolio of Tower Assets
- ATLANTA & NEW YORK--(BUSINESS WIRE)--Municipal Communications and Seaport Capital announced the sale of a portfolio of tower assets to Fengate Asset Management.
- 10/06/2021
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Houlihan Lokey Acquires GCA Corporation
- LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey has acquired GCA Corporation following a tender offer process resulting in the acquisition of approximately 90% of GCA's common stock.
- 10/04/2021
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Houlihan Lokey Announces Expiration of Tender Offer Period for Outstanding Shares of GCA Corporation
- LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey today announced the expiration of the tender offer period related to the acquisition of GCA Corporation.
- 09/27/2021
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Houlihan Lokey co-president accused of leaking information in takeover deal
- A top Wall Street banker is being accused of bizarre double-dealing at a California tech firm where he serves as a board member. Scott Adelson, co-president of the prominent investment bank Houlihan Lokey, allegedly leaked information to the would-be acquirer of QAD Inc. — a publicly traded software firm based in Santa Barbara, Calif.
- 09/27/2021
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Moelis Benefits From M&A Frenzy, Aggressive Hiring In Q2 2020 Paying Off
- Moelis Benefits From M&A Frenzy, Aggressive Hiring In Q2 2020 Paying Off
- 09/24/2021
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Houlihan Lokey Launches Technology and Cybersecurity Practice Within Transaction Advisory Services; Stephen Lee Joins as a Managing Director to Lead New Service Offerings
- CHICAGO--(BUSINESS WIRE)--Stephen Lee has joined Houlihan Lokey as a Managing Director and head of a new technology and cybersecurity practice in Transaction Advisory Services.
- 09/13/2021
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5 Dividend Growth Stocks To Buy Now
- These five stocks that have at a minimum doubled their dividends over the past five years.
- 09/12/2021
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Houlihan Lokey Announces Increase in Tender Offer Price for Outstanding Shares of GCA Corporation
- LOS ANGELES--(BUSINESS WIRE)--Houlihan Lokey (NYSE:HLI) announced that it is increasing the price to be paid in its tender offer for GCA Corporation.
- 09/09/2021
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Houlihan Lokey Continues Expansion of Its Oil & Gas Group With Key Hire
- HOUSTON--(BUSINESS WIRE)--Tom Carlson has joined Houlihan Lokey as a Managing Director in the firm's Oil & Gas Group. He is based in Houston,.
- 09/08/2021
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Houlihan Lokey Further Expands Its Transaction Advisory Services Practice With Technology Sector Leader
- DALLAS--(BUSINESS WIRE)--Kiran Lulla has joined Houlihan Lokey in Dallas as a Managing Director in Transaction Advisory Services to further build technology coverage in TAS.
- 09/07/2021
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q1 2022 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q1 2022 Results - Earnings Call Transcript
- 08/07/2021
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Houlihan Lokey (HLI) Tops Q1 Earnings Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 2.59% and -3.26%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?
- 08/03/2021
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Houlihan Lokey to Commence a Tender Offer to Acquire GCA Corporation
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey (NYSE:HLI), the global investment bank, and GCA Corporation (“GCA”) (TSE:2174), today announced that they have entered into a definitive agreement, dated as of August 3, 2021 (local time in Tokyo), under which Houlihan Lokey will commence a tender offer to acquire GCA for a total cash purchase price of approximately ¥65 billion, or approximately $591 million, based on an assumed exchange rate of ¥110 per $1. Under the terms of the agreement, which has b
- 08/02/2021
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Houlihan Lokey (HLI) Hits 52-Week High, Can the Run Continue?
- Houlihan Lokey (HLI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/30/2021
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2022
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2022 fiscal year on Tuesday, August 3, 2021, before the open of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 8:00 a.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2022
- 07/19/2021
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Houlihan Lokey (HLI) Hits 52-Week High, Can the Run Continue?
- Houlihan Lokey (HLI) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
- 07/14/2021
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Houlihan Lokey Acquires Baylor Klein
- LONDON--(BUSINESS WIRE)--Houlihan Lokey Acquires Baylor Klein, Expanding Consumer Sector Coverage with Additional Expertise in Household, Beauty, and Personal Care
- 07/12/2021
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Houlihan Lokey Expands Its Software Coverage Capabilities With Experienced Hire
- NEW YORK--(BUSINESS WIRE)--Walid Khiari has joined Houlihan Lokey in San Francisco as a Managing Director in the Technology, Media, & Telecom Group, covering software companies.
- 06/09/2021
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Why Houlihan Lokey Shares Jumped 13% in May
- The investment bank had record revenue this past fiscal year.
- 06/08/2021
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8 Upcoming Dividend Increases Including PepsiCo
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
- 05/27/2021
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Houlihan Lokey: Financial Advising Leader With Stable Growth, Profitability
- This company provides a top value pick for both a volatile and uncertain economic future, or a continuation of the norm. This company is best-in-industry, yet, sees a valuation in line with its underperforming peers.
- 05/18/2021
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Strength Seen in Houlihan Lokey (HLI): Can Its 6.8% Jump Turn into More Strength?
- Houlihan Lokey (HLI) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
- 05/13/2021
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q4 2021 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q4 2021 Results - Earnings Call Transcript
- 05/11/2021
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Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2021 Financial Results
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fiscal year and fourth quarter ended March 31, 2021. For the fiscal year, revenues grew 32% to a fiscal year record of $1.53 billion, compared with $1.16 billion for the fiscal year ended March 31, 2020. For the fourth quarter ended March 31, 2021, revenues increased 65% to $501 million, compared with $303 million for the fourth quarter ended Marc
- 05/11/2021
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A Preview Of Houlihan Lokey's Earnings
- Houlihan Lokey (NYSE:HLI) will be releasing its next round of earnings this Tuesday, May 11. For all of the relevant information, here is your guide for Tuesday's Q4 earnings announcement.
- 05/10/2021
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Hamilton Lane And Unifirst Corp Among Today's Top Buys Following A Weak April Jobs Report
- Despite a worse-than-expected April jobs report, tech stocks have jumped. The Dow remained flat, the S&P rose 0.3%, and the Nasdaq popped 0.8%, finally beating its losing streak.
- 05/07/2021
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Houlihan Lokey (HLI) Earnings Expected to Grow: Should You Buy?
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/04/2021
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Houlihan Lokey Continues Expansion of Its Healthcare Coverage Group With Experienced Hire
- NEW YORK--(BUSINESS WIRE)--Jonathan Guskind has joined Houlihan Lokey as a Managing Director in Healthcare to further build the firm's medical technology coverage capabilities.
- 04/20/2021
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Houlihan Lokey Continues Sector Expansion in Europe, Hiring Experienced Oil & Gas Team
- LONDON--(BUSINESS WIRE)--Houlihan Lokey Continues Sector Expansion in Europe, Hiring Experienced Oil & Gas Team Led by Jeremy Low, who Joins as Head of European Oil & Gas
- 04/14/2021
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Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2021
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2021 fiscal year on Tuesday, May 11, 2021, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss th
- 04/13/2021
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Houlihan Lokey Launches European Healthcare Coverage With Senior Hires
- LONDON--(BUSINESS WIRE)--Houlihan Lokey Launches European Healthcare Coverage With Senior Hires; Paul Tomasic Joins as Head of European Healthcare
- 04/07/2021
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Andreas Dombret Named Independent Chairman of DACH Region for Houlihan Lokey to Spearhead Firm's Growth in Germany, Austria, and Switzerland
- FRANKFURT, Germany--(BUSINESS WIRE)--Andreas Dombret Named Independent Chairman of DACH Region for Houlihan Lokey to Spearhead Firm's Growth in Germany, Austria, and Switzerland
- 02/24/2021
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q3 2021 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q3 2021 Results - Earnings Call Transcript
- 01/28/2021
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Houlihan Lokey Announces Release Date for Third Quarter Results for Fiscal Year 2021
- LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its third quarter results for the 2021 fiscal year on Thursday, January 28, 2021, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2
- 01/14/2021
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Houlihan Lokey to Present at the Goldman Sachs 2020 US Financial Services Conference
- NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Scott Beiser, Chief Executive Officer, will present at Goldman Sachs' 2020 US Financial Services Conference on Tuesday, December 8, 2020 at 3:00 p.m. Eastern Time. Access to a live webcast of the presentation in listen-only mode will be available through the “Investor Relations” section of the Company's website, www.hl.com. A replay of the webcast will also be archived on the Company's w
- 12/03/2020
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Houlihan Lokey Adds Experienced Tax Advisor to Its Financial and Valuation Advisory Business
- CHICAGO--(BUSINESS WIRE)--Tom Goldrick has joined Houlihan Lokey as a Managing Director and Head of M&A Tax Services. He is based in Chicago.
- 11/23/2020
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Houlihan Lokey (HLI) Q2 Earnings and Revenues Beat Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 38.89% and 27.63%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?
- 10/29/2020
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Houlihan Lokey: Q2 Earnings Insights
- Shares of Houlihan Lokey (NYSE:HLI) were flat in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share increased 7.14% over the past year to $0.75, which beat the estimate of $0.55.
- 10/29/2020
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Dividend Challenger Highlights: Week Of September 13
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 09/12/2020
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Dividend Challenger Highlights: Week Of August 30
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 08/29/2020
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4 Dividend Increases For The Week Of August 30th With 1 Dividend King
- All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List.
- 08/27/2020
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Dividend Challenger Highlights: Week Of August 2
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends.
- 08/01/2020
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Houlihan Lokey Inc (HLI) Q1 2021 Earnings Call Transcript
- By now, everyone should have access to our first quarter fiscal year 2021 earnings release, which can be found on the Houlihan Lokey website at www.hl.com in the Investor Relations section. With that, I'll turn the call over to Scott.
- 07/29/2020
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Houlihan Lokey (HLI) Beats Q1 Earnings and Revenue Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 14.29% and 3.02%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?
- 07/28/2020
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Houlihan Lokey, Inc. 2021 Q1 - Results - Earnings Call Presentation
- The following slide deck was published by Houlihan Lokey, Inc. in conjunction with their 2021 Q1 earnings call..
- 07/28/2020
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Houlihan Lokey Inc's (HLI) CEO Scott Beiser on Q1 2021 Results - Earnings Call Transcript
- Houlihan Lokey Inc (NYSE:HLI) Q1 2021 Earnings Conference Call July 28, 2020 05:00 pm ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer and Director Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Devin Ryan - JMP Securities Matt Coad - Autonomous Research Jeff Harte - Piper Sandler Manan Gosalia - Morgan Stanley Michael Brown - KBW Ken Worthington - JPMorgan Presentation Operator Good day, ladies and gentlemen, thank you for standing by.
- 07/28/2020
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Recap: Houlihan Lokey Q1 Earnings
- Shares of Houlihan Lokey (NYSE:HLI) were unchanged in after-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 16.42% year over year to $0.56, which beat the estimate of $0.54.Revenue of $211,136,000 decreased by 15.66% year over year, which missed the estimate of $229,600,000.Looking Ahead Houlihan Lokey hasn't issued any earnings guidance for the time being.Houlihan Lokey hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Jul 28, 2020View more earnings on HLITime: 05:00 PMET Webcast URL: https://services.choruscall.com/links/hli200728.htmlPrice Action 52-week high: $64.84Company's 52-week low was at $41.80Price action over last quarter: down 8.04%Company Profile Houlihan Lokey Inc is an investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, and the Asia-Pacific region. The company operates in three segments. In the Corporate Finance business segment, it provides M&A and capital markets advisory services. Through the Financial Restructuring business segment, the company advises on some of the complex restructurings around the world. Financial and Valuation Advisory Services business segment provides valuation and financial opinion, and financial and strategic consulting practices in the United States.See more from Benzinga * Earnings Scheduled For July 28, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
- 07/28/2020
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Houlihan Lokey Reports First Quarter Fiscal 2021 Financial Results
- Houlihan Lokey, Inc. (NYSE:HLI) ("Houlihan Lokey" or the "Company") today reported financial results for its first quarter ended June 30, 2020. For the first quarter ended June 30, 2020, revenues were $211 million, compared with $250 million for the first quarter ended June 30, 2019.
- 07/28/2020
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Is Now The Time To Put Houlihan Lokey (NYSE:HLI) On Your Watchlist?
- Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
- 07/23/2020
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End-of-Life Care Provider St. Croix Hospice Explores a Sale
- St. Croix Hospice, which is backed by Vistria Group and operates in the Midwest, is considering selling itself, according to people familiar with the matter.
- 07/22/2020
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Earnings Preview: Houlihan Lokey (HLI) Q1 Earnings Expected to Decline
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 07/21/2020
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Houlihan Lokey Announces Release Date for First Quarter Results for Fiscal Year 2021
- Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its first quarter results for the 2021 fiscal year on Tuesday, July 28, 2020, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results.
- 07/08/2020
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Steve Manko Joins SkyWater as Chief Financial Officer, Steve Wold Appointed Company’s First Chief Administrative Officer
- SkyWater leadership team expands to drive business processes and efficiencies for company growth and focus on reshoring semiconductor supply chain.
- 07/08/2020
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Hedge Funds Are Piling Into Houlihan Lokey Inc (HLI)
- At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (Recession is Imminent: We Need A Travel Ban NOW). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each […]
- 06/26/2020
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Saudi Binladin Construction group misses salary payments
- Most of the affected employees are based at Binladin’s headquarters in Jeddah and work in its construction unit
- 06/24/2020
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Former PwC, Duff & Phelps and Alvarez & Marsal Senior Executive joins 73 Strings as Senior Advisor
- 73 Strings, a new technology driven financial advisory firm today announced a major addition to its senior management – it has appointed Kleon Phili has as a
- 06/23/2020
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Saudi Binladin Construction Group Misses Salary Payments - BNN Bloomberg
- Saudi Binladin Group failed to pay thousands of employees as the construction giant reels under the impact of coronavirus and restructures about $15 billion of debt.
- 06/23/2020
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Geode Capital Management LLC Has $33.72 Million Stock Position in Houlihan Lokey Inc (NYSE:HLI)
- Geode Capital Management LLC boosted its holdings in Houlihan Lokey Inc (NYSE:HLI) by 8.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 646,965 shares of the financial services provider’s stock after purchasing an additional 50,711 shares during the quarter. Geode Capital […]
- 06/23/2020
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Wirecard Says Missing Billions Don't Exist Wirecard's$2.1 Billion Probably Never Was -- WSJ | MarketScreener
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Wirecard Says Missing $2 Billion Probably Doesn't Exist -- 4th Update | MarketScreener
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Wirecard Says Missing $2 Billion Probably Doesn’t Exist ⋆
- Hole in the fintech company’s books supports arguments that Wirecard used third parties to make itself look larger than it actually was.
- 06/22/2020
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Wirecard Says Missing $2 Billion Probably Doesn't Exist -- 3rd Update | MarketScreener
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Wirecard Says Missing $2 Billion Probably Doesn't Exist -- 2nd Update | MarketScreener
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Wirecard Says Missing $2 Billion Probably Doesn't Exist -- Update | MarketScreener
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New Wirecard CEO Has Few Days to Calm Nervous Investors - BNN Bloomberg
- Wirecard AG’s interim chief executive officer was supposed to be getting ready to run a new department called “Integrity, Legal and Compliance.” Now he faces a crucial week to convince investors that the payment company’s collapse isn’t terminal.
- 06/22/2020
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New Wirecard CEO Has Few Days to Calm Nervous Investors
- (Bloomberg) -- Wirecard AG’s interim chief executive officer was supposed to be getting ready to run a new department called “Integrity, Legal and Compliance.” Now he faces a crucial week to convince investors that the payment company’s collapse isn’t terminal.James Freis took charge on Friday following the shock announcement that Markus Braun had resigned. Braun’s position became untenable following revelations that about 1.9 billion euros ($2.1 billion) -- or two-thirds of the company’s 2019 revenue -- had gone missing. The two Asian banks that were supposed to be holding the money denied any business relationship with Wirecard, plunging the company into further chaos.The company subsequently withdrew its fiscal 2019 and first-quarter 2020 financial results after saying those funds on its balance sheet probably don’t exist.Freis’ to-do list is extensive, but he has some relevant experience. He began his career as an attorney at the Federal Reserve Bank of New York. After a spell as director of the U.S. Treasury Department’s Financial Crimes Enforcement Network, where he was responsible for the regulation of financial institutions, he spent 6 years at Deutsche Boerse AG, most recently as chief compliance officer.Freis wasn’t meant to start at Wirecard until July, but his first priority will be to work closely with the company’s lenders, who are demanding more clarity in return for the extension of almost $2 billion in financing after Wirecard breached terms on the loan. At least 15 commercial lenders, including Commerzbank AG and ABN Amro, are in negotiations about the next steps.Wirecard said it’s in “constructive talks” with its lenders, and has hired investment bank Houlihan Lokey Inc. to come up with a financing strategy. However, a prolonged extension of Wirecard’s repayment obligation could be seen as delaying insolvency, which is illegal under German law.In Braun’s parting note on Friday he said the “confidence of the capital market in the company I have been managing for 18 years has been deeply shaken.” He added that responsibility for all business transactions lies with the CEO.Now Freis will need to reassure investors in order to halt a share price that went into free fall. Long-term investors have cut their stakes in Wirecard, while Deutsche Bank AG’s asset manager DWS said it will file a lawsuit against both Wirecard and Braun, a company spokesman said on Friday.The price of credit swaps on Wirecard indicate 82% odds of default by Christmas and 96% likelihood over five years, according to ICE Data Services on Friday, while Moody’s Investors Service cut Wirecard’s credit ratings six levels, putting it one step from the lowest tier of junk.Wirecard is also facing multiple investigations by local prosecutors and BaFin, the German financial regulator. One of Freis’ tasks will be to clarify with regulators what happened to the missing cash and what the implications will be to Wirecard’s balance sheet.The problem has been compounded after Philippine central bank Governor Benjamin Diokno told reporters on Sunday that none of the missing money entered the Philippine financial system, after two of its major lenders denied holding funds for the German payments processor.Wirecard has also been forced to reassure customers that it is business as normal at its banking arm. Wirecard started offering a digital wallet called boon Planet in 2019. The app, similar to Paypal, was advertised in January this year with an attractive yield for account balances. While it is unclear how much money customers deposited at the app, the company sent out a message on Saturday reassuring its clients that their deposits are protected by a German state guarantee fund.German politicians are now taking aim at Wirecard, once seen as proof that Germany could build a fintech giant to take on U.S. rivals.“BaFin started its investigations early on, but sadly that couldn’t prevent the striking losses for investors,” said Florian Toncar, a German lawmaker from the opposition Free Democrats. “It would be very good to see BaFin use the tools at its disposal to quickly provide investors with clarity.”Freis posted his job update on LinkedIn shortly after the announcement. One contact responded that it sounds like “one heck of a turn around project” but that Wirecard has found the right guy to restore credibility. In a reply, Freis quipped that the “one upside...is that I never have to worry about finding a beer when I need one at the end of the day.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/22/2020
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New Wirecard CEO Has Few Days to Calm Nervous Investors
- New Wirecard CEO Has Few Days to Calm Nervous Investors
- 06/22/2020
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Manning and Napier (NYSE:MN) and Houlihan Lokey (NYSE:HLI) Critical Survey
- Manning and Napier (NYSE:MN) and Houlihan Lokey (NYSE:HLI) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their institutional ownership, valuation, earnings, analyst recommendations, profitability, risk and dividends. Profitability This table compares Manning and Napier and Houlihan Lokey’s net margins, return on equity […]
- 06/21/2020
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Scott L. Beiser Sells 10,000 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 10,000 shares of the stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $60.19, for a total value of $601,900.00. Following the sale, the chief executive officer now directly owns 10,000 shares of the company’s stock, […]
- 06/20/2020
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Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn't Exist -- 5th Update | MarketScreener
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Wirecard CEO Resigns After Banks Say Missing $2 Billion Doesn't Exist -- 4th Update | MarketScreener
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Chuck E. Cheese Debt Talks Accelerate With Kids at Home - BNN Bloomberg
- Creditors to CEC Entertainment Inc., which runs Chuck E. Cheese and Peter Piper Pizza, are weighing restructuring options including bankruptcy as the company seeks to get through the pandemic that has shuttered its locations.
- 06/18/2020
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MML Investors Services LLC Grows Stock Position in Houlihan Lokey Inc (NYSE:HLI)
- MML Investors Services LLC increased its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 17.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,934 shares of the financial services provider’s stock after buying an additional 1,306 shares during the quarter. MML Investors […]
- 06/18/2020
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Houlihan Lokey (NYSE:HLI) Receiving Very Critical News Coverage, Analysis Shows
- News coverage about Houlihan Lokey (NYSE:HLI) has trended very negative on Thursday, InfoTrie reports. InfoTrie rates the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most […]
- 06/18/2020
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Andreas Dombret Joins Houlihan Lokey as an International Senior Advisor
- Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Dr. Andreas Dombret has joined the firm as an International Senior Advisor, effective June 1. In this role, he will provide strategic counsel to Houlihan Lokey’s leadership team to help further develop the firm’s business both in Europe and internationally.
- 06/16/2020
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Chesapeake Energy starts bankruptcy countdown
- Chesapeake Energy Corp. is preparing to file for bankruptcy in as soon as a week after the pioneering shale driller missed an interest payment due on Monday,...
- 06/16/2020
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Warburg Pincus-Backed Group Nears 58.com Buyout Deal
- (Bloomberg) -- An investor group backed by Warburg Pincus and General Atlantic agreed to take 58.com Inc. private in a deal valuing China’s biggest online classifieds firm at about $8.7 billion.The private equity consortium offered to buy out the New York-listed company’s independent shareholders for $56 cash per American depositary receipt, 58.com said in a statement Monday, confirming an earlier Bloomberg News report. The bid represents a 20% premium to the last close before an initial buyout approach was announced in April.58.com’s ADRs jumped 10% to $55 at 10:06 a.m. Monday in New York.The buyer group, which also includes Ocean Link Partners and 58.com founder Jinbo Yao, slightly increased the offer from its earlier proposal of $55 per ADR. The consortium has received as much as $3.5 billion in loan commitments from Shanghai Pudong Development Bank Co. to help fund the purchase, according to Monday’s statement.58.com’s board approved the transaction after it was unanimously recommended by a special committee of independent directors, it said in the statement. The deal is expected to close in the second half of the year.The agreement to purchase 58.com, known as China’s answer to Craigslist, follows more than two months of negotiations after the company said it received a buyout proposal. The potential deal had drawn objections from some minority investors, including Coronation Fund Managers, Aberdeen Standard Investments and Carmignac Gestion, which said the proposed bid significantly undervalues the business.Yao, 58.com’s chairman and chief executive officer, and General Atlantic control 44% of the company’s voting power and have agreed to approve the transaction, they said in the statement. Chinese tech giant Tencent Holdings Ltd. also owns a stake in the company.Houlihan Lokey Inc. advised 58.com’s special board committee on the deal.(Updates with details of voting power in penultimate paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/15/2020
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UK Insurer Admiral Weighs Sale of Price Comparison Platform
- UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar
- 06/15/2020
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US Bancorp DE Increases Stock Holdings in Houlihan Lokey Inc (NYSE:HLI)
- US Bancorp DE increased its holdings in Houlihan Lokey Inc (NYSE:HLI) by 14.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,872 shares of the financial services provider’s stock after purchasing an additional 2,690 shares during the period. US […]
- 06/10/2020
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Dividend Challenger Highlights: Week Of June 7
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies wi
- 06/06/2020
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Medley Capital to Seek Buyer After Sierra Deal Collapses
- (Bloomberg) -- Business development company Medley Capital Corp. has renewed its push to find a buyer after its deal with Sierra Income Corp. collapsed last month, according to people with knowledge of the matter.Houlihan Lokey Inc., the New York-based company’s financial adviser, has canvassed potential suitors in recent weeks to gauge their interest in the lender, said the people, who asked to not be identified because the talks are private.No final decision has been made and Medley Capital could opt to remain independent, the people said.Medley Capital rose 19% to 78 cents per share at 10:28 a.m. in New York, giving the company a market value of about $42 million. The stock had gained as much as 22%. Representatives for Medley Capital and Houlihan Lokey declined to comment.Medley Capital and Sierra terminated their 2018 merger agreement in part because of the market upheaval caused by the coronavirus pandemic, according to a statement last month. Medley Capital said its special committee would remain in place and was free to explore strategic alternatives to maximize shareholder value.Medley Capital, led by Chief Executive Officer Brook Taube, has seen its market value tumble 68% this year, faring worse than the S&P; BDC Index, which has declined 26%.BDCs are poised to be among the biggest losers in the credit market in the wake of the coronavirus pandemic. The vehicles lend to small and mid-size businesses, many of which have been hammered by shutdowns, and declining credit quality in recent years that may leave them vulnerable.(Updates share price in fourth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 06/04/2020
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Dividend Changes: May 23-29, 2020
- In this article series, we provide a weekly summary of dividend changes. A summary table provides relevant data and key statistics of dividend increases. We lis
- 06/02/2020
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Dividend Challenger Highlights: Week Of May 31
- A weekly summary of dividend activity for Dividend Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates. Companies wi
- 05/31/2020
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Houlihan Lokey Is the Investment Bank Built for Hard Times
- (Bloomberg) -- Houlihan Lokey Inc. was made for times like these.The Los Angeles-based investment bank has always declined to go toe-to-toe with Wall Street’s advisory beasts on mega mergers and acquisitions. Instead, Houlihan has patiently fashioned itself into a go-to adviser for mid-market transactions, recently through a spate of its own takeovers in the U.S. and Europe.That focus, paired with a restructuring business that contributes nearly a third of revenue, is helping Houlihan as big deals fall away during the coronavirus pandemic. Houlihan shares have risen 22% this year through Thursday, the most of any U.S. investment bank, valuing the firm at about $4.1 billion. In March, it surpassed Lazard Ltd. to become the biggest U.S. boutique advisory firm by market capitalization.“We are definitely in the early days of this crisis, and there is more pain to come,” Scott Adelson, Houlihan’s co-president, said in an interview this month. “The model has proved resilient for decades, and it’s even more valid during periods of crisis.”Houlihan’s hunting ground -- deals valued at $1 billion and below -- accounts for 46% of overall M&A; deal value this year, the highest proportion compared with any full year since 2003. The number of transactions in that segment has fallen 12% this year, compared to a 33% drop in larger acquisitions, according to data compiled by Bloomberg.“That clearly tells you where the flow is, and we like to be in the flow business,” said Adelson, who’s seeing activity in industries including health-care and technology. “M&A; is still occurring despite the events that unfolded.”The firm moved up six spots on the U.S. M&A; league tables this year, to No. 27 by market share. It’s tied with JPMorgan Chase & Co. and Morgan Stanley for the position of second-busiest U.S. M&A; adviser by number of transactions -- behind only Goldman Sachs Group Inc.Although Houlihan’s M&A; dealmakers focus on small and mid-cap work, the same isn’t true of its restructuring bankers. They’ve advised on 12 of the largest 15 corporate debt restructurings since the start of the millennium including Enron Corp. and Lehman Brothers Holdings Inc., according to Joseph Swanson, co-head of restructuring for Europe, the Middle East and Africa.Already this year, Houlihan has been hired for debt reviews at baggage handler Swissport International AG and billionaire John Fredriksen’s oil rig operator Seadrill Ltd. It’s also working on a restructuring of Saudi Binladin Group, one of the biggest Middle East construction firms, which is grappling with an estimated $15 billion of borrowings.“Houlihan Lokey has probably the largest restructuring segment of any of the advisory firms,” said Devin Ryan, a senior research analyst at JMP Securities LLC. “Revenues for most advisers are likely to be down quite a bit this year -- Houlihan will be an outlier and we expect their revenues will be much more resilient.”Changing BehaviorFor many companies, pushing back debt payments won’t be enough as Covid-19 will hurt demand for some time, according to Swanson. Fresh infusions of capital, and in some cases forgiveness from creditors, will be needed to avoid storing up problems for the future, he said in an interview.“This crisis is the perfect storm for the global economy -- it has the ingredients of 9/11, the global financial crisis and the SARS virus,” Swanson said. “We see this crisis fundamentally changing consumer behavior.”The bank has worked on more restructurings in each of the past five years than any other adviser, and it’s nearly always been ranked among the top five by value during the period, according to data provider Dealogic. Houlihan is roping in staff across divisions to cope with the rapid increase in restructuring work since the start of the pandemic, Swanson said.Read more: Idled Dealmakers Pile Into New Niche With Virus Freezing M&AHoulihan; was founded in California in 1972 by Richard Houlihan and Kit Lokey. In the near-half century that has followed it has expanded globally and now has more than 20 offices spread across the U.S., Europe and Asia Pacific.During this time it has been able to keep its most senior managers. Chief Executive Officer Scott Beiser, co-president David Preiser, financial sponsors head John Mavredakis and Swanson have each spent two to four decades at the bank.“At the end of the day this is a people’s business, and when people are sticking together it shows it works well,” Adelson said.Staying GreedyHoulihan has been moving into new areas, including private equity fundraising advisory and technology banking, through a series of takeovers in the past few years. It also bulked up in Europe by purchasing Spain’s Fidentiis Capital, British boutiques McQueen Ltd. and Quayle Munro Ltd. and Gruppo Banca Leonardo SpA’s investment banking operations in several countries.The bank now faces a new challenge: greater competition from larger rivals lured by mid-market dealmaking’s steady fees. Goldman Sachs has been hiring dozens of bankers to build up a dedicated team focused on that niche. Bulge-bracket banks always look at mid-market M&A; in the late stages of every boom cycle, though such strategies are often reversed when the good times end, according to Adelson.Houlihan is committed to growth, and Adelson doesn’t see the coronavirus pandemic slowing the firm’s momentum.“Be greedy when others are fearful is something we believe in,” he said. “We will continue to expand.”(Updates share price rise in third paragraph and adds acquisition under ‘Staying Greedy’ subhead)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/29/2020
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Dividend Changes: May 16-22, 2020
- This weekly article series covers dividend increases, cuts, and suspensions. A summary table provides relevant data and key statistics of dividend increases. We
- 05/26/2020
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Houlihan Lokey Announces Pricing of Offering of HLI Class A Common Stock
- Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”), the global investment bank, today announced the pricing of an underwritten public...
- 05/19/2020
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Houlihan Lokey Announces Pricing of Offering of HLI Class A Common Stock
- Houlihan Lokey, Inc. (NYSE:HLI) ("Houlihan Lokey" or the "Company"), the global investment bank, today announced the pricing of an underwritten public offering of 3,000,000 shares of its Class A common stock at a public offering price of $63.50 per share. The offering is expected to close on May 20, 2020, subject to customary closing conditions.
- 05/19/2020
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Houlihan Lokey Announces Offering of HLI Class A Common Stock
- Houlihan Lokey, Inc. (NYSE: HLI) ("Houlihan Lokey" or the "Company"), the global investment bank, today announced an underwritten public offering of 3,000,000 shares of its Class A common stock.
- 05/18/2020
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Applovin Values Game Maker Machine Zone At Around $500 million - BNN Bloomberg
- Just four years ago, video game maker Machine Zone was a high-flying unicorn valued at $5 billion. On Thursday, it sold for about a tenth of that amount, according to people familiar with the matter.
- 05/15/2020
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Exclusive: Saudi Binladin seeks adviser for financial overhaul of Mecca complex
- Binladin International Holding Group, Saudi Arabia's biggest construction company, is seeking an adviser to cut costs as well as restructure the debt of a Mecca skyscraper complex, sources familiar with the matter said and a document showed. Binladin completed the $15 billion government-owned Abraj Al Beit golden clocktower complex in 2011. The development has seven towers of hotels and malls and looms over the Grand Mosque in Mecca, the holy city visited by millions of Muslim pilgrims every year.
- 05/14/2020
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Houlihan Lokey Sees Restructuring Work Jump During Pandemic
- Houlihan Lokey Inc. restructuring bankers are being hired at nearly double the rate they had been in the months before the coronavirus pandemic, Chief Executive Officer Scott Beiser said during the firm’s fourth-quarter earnings call.
- 05/13/2020
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Houlihan Lokey, Inc. (HLI) CEO Scott Beiser on Q4 2020 Results - Earnings Call Transcript
- Houlihan Lokey, Inc. (NYSE:HLI) Q4 2020 Earnings Conference Call May 12, 2020, 05:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser
- 05/13/2020
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Houlihan Lokey Inc (HLI) Q4 2020 Earnings Call Transcript
- By now, everyone should have access to our fourth quarter and fiscal year 2020 earnings release, which can be found on the Houlihan Lokey website at www.hl.com in the Investor Relations section. A reconciliation of these measures to the most directly comparable GAAP measures is available in our earnings release and our investor presentation on the hl.com website.
- 05/13/2020
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Houlihan Lokey (HLI) Q4 Earnings and Revenues Top Estimates
- Houlihan Lokey (HLI) delivered earnings and revenue surprises of 26.32% and 3.19%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
- 05/12/2020
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Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2020 Financial Results
- Houlihan Lokey, Inc. (NYSE:HLI) ("Houlihan Lokey" or the "Company") today reported financial results for its fiscal year and fourth quarter ended March 31, 2020. For the fiscal year, revenues grew 7% to a fiscal year record of $1,159 million, compared with $1,084 million for the fiscal year ended March 31, 2019. For the fourth quarter ended March 31, 2020, revenues increased 4% to $303 million, compared with $291 million for the fourth quarter ended March 31, 2019.
- 05/12/2020
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Houlihan Lokey Reports Fiscal Year and Fourth Quarter 2020 Financial Results
- Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its fiscal year and fourth quarter ended Marc
- 05/12/2020
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Neiman Goes Bankrupt, Idled by Virus and Crushed by Debt
- (Bloomberg) -- Neiman Marcus Group Inc. filed for bankruptcy after efforts to manage its crushing debt load unraveled amid the spreading coronavirus pandemic.Creditors will take control of the luxury department store chain, according to plans outlined in a Chapter 11 petition filed in Houston. The move gives the Dallas-based chain a break by letting it stay in business while management works out a recovery plan.The company, led by Chief Executive Officer Geoffroy van Raemdonck, said it has support from a substantial majority of its creditors, who agreed to put up $675 million to get Neiman Marcus through the court process. They’ll also provide $750 million in exit financing.When the company emerges from bankruptcy in early autumn, management expects to see about $4 billion cut from its existing debt load -- the legacy of a 2013 leveraged buyout by current owners Ares Management Corp. and the Canada Pension Plan Investment Board. Neiman listed debt obligations of about $5.5 billion in its filing.Pandemic ShutdownThe turnaround will be complicated by the fact that Neiman’s stores were shut and its workers furloughed to help stop the spread of the Covid-19 outbreak. Some of the stores have been partially reopened with the option for curbside pickup, according to a company statement.Neiman Marcus manages more than 40 namesake stores across the U.S., two Bergdorf Goodman stores in Manhattan, about two dozen Last Call locations and a Mytheresa in Germany. The latter is a brick-and-mortar version of its fast-growing Mytheresa online merchant.Most of the company’s department store rivals also suspended operations because of the virus, at a time when the whole industry was already ground down by years of shopper defections to online merchants.Neiman has been trying to simultaneously spend more on luring customers while taming its debt load, with mixed success. The company reached a deal with creditors last year that put off the due dates on some of its debt to buy time for a turnaround.It also shuffled Mytheresa to a place in its capital structure that put the business beyond the reach of creditors, creating hard feelings with some bondholders that still linger. Mytheresa isn’t part of the Chapter 11 process and will operate independently, the company said.Pre-Pandemic StatusVan Raemdonck, Neiman’s CEO, said in the statement the company was making progress on its turnaround before the coronavirus hit. “However, like most businesses today, we are facing unprecedented disruption caused by the Covid-19 pandemic, which has placed inexorable pressure on our business,” he said.Neiman’s unsecured creditors list is a who’s-who of luxury brands including Chanel, Gucci, Christian Louboutin and Burberry, according to court documents. Neiman owes between $3 million and $8 million to some brands, records show.The bankruptcy will give Neiman much-needed relief on payments to vendors, suppliers and landlords. Other retailers have sought similar protection from creditors, including J. Crew Group Inc. which filed Chapter 11 earlier this week.Both Neiman and J. Crew have struggled for years under the weight of heavy debt loads from leveraged buyouts, all while customers were defecting to online channels and specialized rivals. Then came the virus.Final Straw“Retail chains that were already in trouble before social distancing was even a phrase have been pushed over the edge by the pandemic,” said Steven Wilamowsky, a partner in law firm Schiff Hardin’s restructuring practice. “Now, although rehabilitation rather than liquidation remains the stated goal, it appears that will be more challenging in the current retail environment.”Neiman said it extended its closures of some stores until at least May 31, with customers still able to shop through its website and mobile app. In addition to the curbside service at some locations, the Atlanta and NorthPark Neiman Marcus stores are available by private appointment.Neiman is better positioned than most U.S. department stores with a loyal customer base, distinct luxury space, and digital presence, said Neil Saunders, managing director of GlobalData Retail. “There is a place for Neiman Marcus in the post-coronavirus world,” he said. “Once the debt has been eliminated, or at least reduced, there are reasonable prospects for survival.”Neiman’s FutureThe debt overhaul won’t solve Neiman’s secular problems, with luxury brands selling direct to consumers and sales continuing to migrate online. “It will take a lot of creativity and imagination” to get through the restructuring, Saunders said.Neiman told the court it has support from holders of 77% of its extended term loans, over 99% of the second liens, and more than 69% of the third lien notes to equitize their debt and backstop the bankruptcy loan and exit financing.Guiding the process are lawyers from Kirkland & Ellis and investment bankers at Lazard Ltd. The Berkeley Research Group is providing financial advice.Neiman’s term loan holders are represented by Wachtell, Lipton, Rosen & Katz as legal counsel and Ducera Partners as investment bank. Certain noteholders are working with law firm Paul, Weiss, Rifkind, Wharton & Garrison and investment bank Houlihan Lokey Inc.The case is Neiman Marcus Group LLC, 20-32519, Southern District of Texas (Houston).(Updates with analyst’s comment, filing information and store status, starting in the 13th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 05/07/2020
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Analysts Estimate Houlihan Lokey (HLI) to Report a Decline in Earnings: What to Look Out for
- Houlihan Lokey (HLI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- 05/05/2020
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What Makes Houlihan Lokey, Inc. (NYSE:HLI) A Great Dividend Stock?
- Could Houlihan Lokey, Inc. (NYSE:HLI) be an attractive dividend share to own for the long haul? Investors are often...
- 05/01/2020
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Houlihan Lokey Further Builds Its Corporate Finance Capabilities in Australia
- Christian Lunny joined Houlihan Lokey's Corporate Finance team in Sydney as a Managing Director with a focus in part on healthcare, consumer, retail.
- 04/30/2020
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Artemis Investment Management LLP Acquires Shares of 163,415 Houlihan Lokey Inc (NYSE:HLI)
- Artemis Investment Management LLP bought a new position in shares of Houlihan Lokey Inc (NYSE:HLI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 163,415 shares of the financial services provider’s stock, valued at approximately $8,518,000. Artemis Investment Management LLP owned about 0.25% […]
- 04/28/2020
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Pandemic triggers a wave of distress, bankruptcy in Corporate America
- A second wave could hit this year as companies labor under the weight of new debt, advisers say
- 04/28/2020
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Guitar Center Debt RestructuringLooms After Skipped Payments
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Pandemic Triggers a Wave of Distress, Bankruptcy in Corporate America
- Stay-at-home orders and the shutdown of nonessential business have driven broad swaths of the economy into panic mode.
- 04/27/2020
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Saudi Binladin group hires Houlihan Lokey for $15bn debt revamp
- The restructuring is aimed at reorganising Binladin’s assets into sector-led businesses and streamlining operations
- 04/26/2020
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Construction firm Saudi Binladin Group hires Houlihan Lokey to revamp $15 bln debt
- Saudi Binladin Group hired Houlihan Lokey Inc. as an adviser to help the kingdom’s biggest
- 04/26/2020
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Saudi Binladin Hires Houlihan Lokey for $15 Billion Debt Revamp
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Houlihan Lokey (NYSE:HLI) Reaches New 52-Week High at $60.41
- Shares of Houlihan Lokey Inc (NYSE:HLI) hit a new 52-week high during trading on Wednesday . The company traded as high as $60.41 and last traded at $60.01, with a volume of 9665 shares. The stock had previously closed at $56.84. A number of analysts recently commented on HLI shares. ValuEngine raised Houlihan Lokey from […]
- 04/24/2020
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TPG Mortgage REIT Fields Proposals from Neuberger, Blackstone
- (Bloomberg) -- TPG RE Finance Trust Inc., grappling with tumult in the U.S. mortgage market from the coronavirus pandemic, is fielding financing alternatives from prospective investors including a unit of Neuberger Berman, a group led by Mack Real Estate Credit Strategies LP and an arm of Blackstone
- 04/22/2020
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Houlihan Lokey Announces Release Date for Fourth Quarter and Full Year Results for Fiscal Year 2020
- Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its fourth quarter and full year results for the 2020 fiscal year on Tuesday, May 12, 2020, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results.
- 04/21/2020
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Merchants Fleet Secures $50 Million in Growth Financing from Bain Capital Credit
- Merchants Fleet, the nation’s fastest-growing fleet management company, today announced the company has secured $50 million in growth financing from B
- 04/21/2020
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Ladenburg Thalmann Financial Services Inc. Has $103,000 Position in Houlihan Lokey Inc (NYSE:HLI)
- Ladenburg Thalmann Financial Services Inc. raised its holdings in Houlihan Lokey Inc (NYSE:HLI) by 50.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,090 shares of the financial services provider’s stock after buying an additional 701 shares during the period. Ladenburg Thalmann Financial Services […]
- 04/21/2020
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Houlihan Lokey Inc (NYSE:HLI) Expected to Post Quarterly Sales of $293.33 Million
- Brokerages expect Houlihan Lokey Inc (NYSE:HLI) to post $293.33 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Houlihan Lokey’s earnings. The highest sales estimate is $316.16 million and the lowest is $270.50 million. Houlihan Lokey reported sales of $291.38 million during the same quarter last […]
- 04/21/2020
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Envision Healthcareto Consider Bankruptcy Filing
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Richard Branson Turns to HisCaribbean Island to Help Bolster Virgin Empire
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J.C. PenneyGets Financing Offer Before Skipping Payment
- (Bloomberg) -- J.C. Penney Co. received an offer for about $300 million in new financing just before it started the clock on a potential bankruptcy filing, according to people with knowledge of the matter.The retailer’s decision to skip a debt payment on April 15 and start a 30-day countdown to default
- 04/17/2020
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Cubist Systematic Strategies LLC Decreases Stock Position in Houlihan Lokey Inc (NYSE:HLI)
- Cubist Systematic Strategies LLC lessened its position in Houlihan Lokey Inc (NYSE:HLI) by 89.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,286 shares of the financial services provider’s stock after selling 35,266 shares during the quarter. Cubist Systematic […]
- 04/17/2020
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J.C. Penney Creditors Tussle in Talks Over Need for Bankruptcy
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Houlihan Lokey Adds New Service Offering to Assist Financial Sponsor General Partners
- Joseph Lombardo has joined Houlihan Lokey as Head of Private Equity General Partner Advisory, a new practice in the Financial Institutions Group.
- 04/16/2020
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Houlihan Lokey Inc (NYSE:HLI) Holdings Decreased by Brookstone Capital Management
- Brookstone Capital Management reduced its stake in shares of Houlihan Lokey Inc (NYSE:HLI) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,685 shares of the financial services provider’s stock after selling 317 shares during the quarter. Brookstone Capital […]
- 04/16/2020
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First Bank & Trust Has $111,000 Stake in Houlihan Lokey Inc (NYSE:HLI)
- First Bank & Trust increased its stake in shares of Houlihan Lokey Inc (NYSE:HLI) by 149.8% during the first quarter, HoldingsChannel reports. The fund owned 2,126 shares of the financial services provider’s stock after buying an additional 1,275 shares during the period. First Bank & Trust’s holdings in Houlihan Lokey were worth $111,000 as of […]
- 04/15/2020
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Artemis Investment Management LLP Purchases Shares of 163,415 Houlihan Lokey Inc (NYSE:HLI)
- Artemis Investment Management LLP purchased a new stake in shares of Houlihan Lokey Inc (NYSE:HLI) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 163,415 shares of the financial services provider’s stock, valued at approximately $8,518,000. Artemis Investment Management LLP owned 0.25% of Houlihan […]
- 04/15/2020
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Houlihan Lokey (NYSE:HLI) Rating Lowered to Hold at Zacks Investment Research
- Houlihan Lokey (NYSE:HLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports. According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segments consist of Corporate […]
- 04/15/2020
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Morgan Stanley Increases Houlihan Lokey (NYSE:HLI) Price Target to $58.00
- Houlihan Lokey (NYSE:HLI) had its price target increased by Morgan Stanley from $52.00 to $58.00 in a research note released on Thursday morning, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the financial services provider’s stock. HLI has been the topic of several other reports. Zacks Investment Research raised Houlihan Lokey from […]
- 04/13/2020
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AQR Capital Management LLC Invests $295,000 in Houlihan Lokey Inc (NYSE:HLI)
- AQR Capital Management LLC purchased a new position in Houlihan Lokey Inc (NYSE:HLI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,040 shares of the financial services provider’s stock, valued at approximately $295,000. Several other hedge funds and other institutional investors […]
- 04/13/2020
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Geode Capital Management LLC Purchases 33,956 Shares of Houlihan Lokey Inc (NYSE:HLI)
- Geode Capital Management LLC grew its position in Houlihan Lokey Inc (NYSE:HLI) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 596,254 shares of the financial services provider’s stock after purchasing an additional 33,956 shares during the quarter. Geode Capital Management […]
- 04/12/2020
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The Consensus EPS Estimates For Houlihan Lokey, Inc. (NYSE:HLI) Just Fell Dramatically
- Market forces rained on the parade of Houlihan Lokey, Inc. (NYSE:HLI) shareholders today, when the analysts downgraded...
- 04/10/2020
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Bearish: Analysts Just Cut Their Houlihan Lokey, Inc. (NYSE:HLI) Revenue and EPS estimates
- Today is shaping up negative for Houlihan Lokey, Inc. (NYSE:HLI) shareholders, with the analysts delivering a...
- 04/10/2020
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Houlihan Lokey Inc (NYSE:HLI) Stock Holdings Cut by Janus Henderson Group PLC
- Janus Henderson Group PLC reduced its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,529 shares of the financial services provider’s stock after selling 278 shares during the quarter. Janus Henderson Group […]
- 04/10/2020
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Exclusive: KKR's Envision Healthcare hires bank to explore debt restructuring - sources
- Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc , has hired a financial adviser to explore ways to restructure its $7.5 billion debt pile, people familiar with the matter said.
- 04/10/2020
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Exclusive: KKR's Envision Healthcare hires bank to explore debt restructuring - sources
- Envision's move underscores the struggles facing the medical industry in the wake of the novel coronavirus outbreak. Envision has hired investment bank Houlihan Lokey Inc to explore a range of debt restructuring options, according to the sources. The healthcare services provider will have to make
- 04/10/2020
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KKR’s Envision Healthcare hires bank to explore debt restructuring -sources
- Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc, has hired a financial adviser to explore ways to restructure its $7.5 billion …
- 04/10/2020
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EXCLUSIVE-KKR's Envision Healthcare hires bank to explore debt restructuring -sources
- Envision Healthcare Corp, a U.S. provider of physicians and other medical staff owned by buyout firm KKR & Co Inc , has hired a financial adviser to explore ways to restructure its $7.5 billion debt pile, people familiar with the matter said.
- 04/10/2020
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Hedge Funds Are Dumping Houlihan Lokey Inc (HLI)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 04/07/2020
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Man Group plc Raises Stock Holdings in Houlihan Lokey Inc (NYSE:HLI)
- Man Group plc increased its position in Houlihan Lokey Inc (NYSE:HLI) by 3.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,461 shares of the financial services provider’s stock after acquiring an additional 1,827 shares during the period. Man Group plc owned […]
- 04/07/2020
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Oaktree, Elliott Among Bargain Hunters Circling Mortgage Trusts
- (Bloomberg) -- Americans hurt by the coronavirus pandemic are skipping home-loan payments, and the trusts that own the mortgages are feeling the pain.Opportunistic funds have noticed. Among the investors in talks to buy discounted assets in the distressed real estate investment trusts are Paul Singer
- 04/07/2020
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Houlihan Lokey Inc (NYSE:HLI) Shares Purchased by Bank of New York Mellon Corp
- Bank of New York Mellon Corp boosted its stake in Houlihan Lokey Inc (NYSE:HLI) by 21.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 389,821 shares of the financial services provider’s stock after acquiring an additional 67,901 shares during the […]
- 04/07/2020
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Analyzing Westwood Holdings Group (NYSE:WHG) and Houlihan Lokey (NYSE:HLI)
- Houlihan Lokey (NYSE:HLI) and Westwood Holdings Group (NYSE:WHG) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, risk, analyst recommendations, profitability, dividends and valuation. Analyst Recommendations This is a summary of current recommendations and price targets for Houlihan Lokey […]
- 04/07/2020
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TPG RE Finance Trust, Inc. Provides Update
- On April 2, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) ("TRTX" or the "Company") sold CRE debt securities with an aggregate face amount of approximately $572 million (the "Transaction"). These securities represented the entirety of the Company’s CRE debt securities portfolio
- 04/06/2020
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Is Houlihan Lokey, Inc.’s (NYSE:HLI) P/E Ratio Really That Good?
- This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll apply a...
- 04/06/2020
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Houlihan Lokey Hires Industry Veteran to Lead Its Transaction Advisory Services Practice
- Sean Murphy has joined Houlihan Lokey as a Managing Director to lead its Transaction Advisory Services practice. He is based in Dallas.
- 04/06/2020
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A Prime Minister Tries to Storm-Proof Her Island’s Finances
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HNA’s Swissport to Hire Houlihan Lokey to Advise on Debt
- (Bloomberg) — Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co., hired advisers to review its debt as passenger air traffic …
- 04/03/2020
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HNA’s Swissport to Hire Houlihan Lokey to Advise on Debt
- (Bloomberg) -- Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co., hired advisers to review its debt as passenger air traffic grinds to a halt because of coronavirus restrictions.The company appointed Houlihan Lokey Inc. as financial adviser as it considers a restructuring of its 1.6 billion euros ($1.7 billion) of debt, according to people familiar with the matter who asked not to be identified because the appointment is private.“We are getting support from several financial and legal advisers to help us work through different scenarios,” Swissport spokesman Christoph Meier said Thursday, without confirming the appointment.A representative for Houlihan Lokey didn’t immediately have a response.Swissport refinanced its debt just last summer. Restrictions imposed on air travel because of the coronavirus pandemic, however, triggered a liquidity crisis, forcing the company to ask for government aid in some of the countries where it operates.Read more: Swissport Warns of Liquidity Squeeze if Virus Impact Gets WorseThe company said last week it could run out of cash by early summer if the outbreak is harsher than expected or if it’s unable to secure government support and third-party financing. Swissport’s junior debt fell to less than half face value from above par in a month, according to data compiled by Bloomberg.“Swissport did not enter the crisis in an unstable situation,” Meier said. “The company had 300 million euro pro-forma cash in total before the crisis. That was a very comfortable position to navigate in a normal situation or even to absorb minor shocks.”HNA’s attempts to sell Swissport, which it bought for 2.73 billion Swiss francs ($2.8 billion) in 2015, have failed in the past. China began assuming control of debt-laden HNA last month, paving the way for a hastened selloff of the once-sprawling conglomerate’s remaining assets.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 04/02/2020
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TPG Mortgage REIT Taps Houlihan Lokey for Strategic Alternatives
- (Bloomberg) -- TPG RE Finance Trust Inc. tapped investment bank Houlihan Lokey Inc. for advice as it grapples with tumult in the U.S. mortgage-finance market caused by the coronavirus pandemic, according to people with knowledge of the matter.The real estate investment trust is working with Houlihan to explore potential transactions including financing and strategic alternatives, said one of the people, who asked not to be identified discussing private talks. A representative for TPG RE declined to comment. A Houlihan spokesperson didn’t immediately respond to a request for comment.TPG RE, led by Chief Executive Officer Greta Guggenheim, last month delayed the payment of its first-quarter dividend, citing a cash crunch caused by margin calls. The Covid-19 crisis “caused real estate securities markets to experience significant volatility and widening credit spreads,” leading to “a negative impact” on the REIT’s mostly floating-rate commercial real estate debt securities portfolio, it said in a March 23 statement.Fluctuations in the portfolio, which had a face value of about $960 million last month, required the company to post cash collateral with its lenders. The fluctuations and collateral requirements “have been, and may continue to be, material,” TPG RE said, and “there is no certainty that the company will be in a position to continue to fund such payments.”TPG RE also said it had a loan portfolio with an aggregate unpaid principal balance of about $5.1 billion, for which it may be required to post cash collateral to lenders. The New York-based REIT is monitoring government programs and engaging in active discussions with lenders and other potential sources of financing, it said last month, adding that it “cannot predict whether it will be able to agree to terms with such parties on an expedited basis.”The REIT is externally managed by an affiliate of TPG and counts one of the alternative-asset firm’s executives, Avi Banyasz, as its chairman. TPG RE’s shares have fallen more than 80% this year, leaving it with a market value of less than $285 million.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 04/02/2020
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David A. Preiser Sells 380 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 380 shares of the stock in a transaction that occurred on Friday, March 27th. The shares were sold at an average price of $48.31, for a total value of $18,357.80. Following the transaction, the insider now directly owns 380 shares of the company’s stock, valued at […]
- 04/01/2020
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Irwin Gold Sells 41,617 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 41,617 shares of the stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $48.01, for a total value of $1,998,032.17. Following the transaction, the chairman now owns 1,577 shares in the company, valued at $75,711.77. The transaction was disclosed […]
- 04/01/2020
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Houlihan Lokey's Gold Expects a Spike in Defaults as 'Severe' Recession Looms
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Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold Sells 1,577 Shares
- Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 1,577 shares of the stock in a transaction on Friday, March 27th. The shares were sold at an average price of $48.31, for a total value of $76,184.87. Following the transaction, the chairman now directly owns 1,577 shares in the company, valued at $76,184.87. The transaction was […]
- 03/31/2020
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Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser Sells 503 Shares
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 503 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was sold at an average price of $48.31, for a total value of $24,299.93. Following the sale, the chief executive officer now directly owns 503 shares in the company, […]
- 03/31/2020
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Houlihan Lokey Inc (NYSE:HLI) Insider Sells $481,060.20 in Stock
- Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 10,020 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $48.01, for a total transaction of $481,060.20. Following the completion of the transaction, the insider now owns 380 shares in the company, valued at […]
- 03/31/2020
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Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser Sells 13,286 Shares
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 13,286 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $48.01, for a total transaction of $637,860.86. Following the completion of the sale, the chief executive officer now owns 503 shares of the company’s stock, […]
- 03/31/2020
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Aurora Investment Counsel Has $1.40 Million Stake in Houlihan Lokey Inc (NYSE:HLI)
- Aurora Investment Counsel decreased its stake in Houlihan Lokey Inc (NYSE:HLI) by 37.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,731 shares of the financial services provider’s stock after selling 17,558 shares during the quarter. Houlihan Lokey accounts for about 1.1% […]
- 03/30/2020
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Insider Selling: Houlihan Lokey Inc (NYSE:HLI) Insider Sells $24,083.07 in Stock
- Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 501 shares of the firm’s stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $48.07, for a total transaction of $24,083.07. Following the transaction, the insider now directly owns 501 shares in the company, valued at $24,083.07. The […]
- 03/30/2020
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Alliancebernstein L.P. Boosts Holdings in Houlihan Lokey Inc (NYSE:HLI)
- Alliancebernstein L.P. increased its holdings in Houlihan Lokey Inc (NYSE:HLI) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,324,371 shares of the financial services provider’s stock after purchasing an additional 236,292 shares during the period. Alliancebernstein L.P. […]
- 03/30/2020
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Valmont Industries, Inc. (VMI): Are Hedge Funds Right About This Stock?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/30/2020
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Here is What Hedge Funds Think About Alkermes Plc (ALKS)
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/30/2020
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Is Avista Corp (AVA) Going to Burn These Hedge Funds?
- We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- 03/30/2020
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Scott L. Beiser Sells 796 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 796 shares of Houlihan Lokey stock in a transaction dated Wednesday, March 25th. The shares were sold at an average price of $48.07, for a total transaction of $38,263.72. Following the completion of the transaction, the chief executive officer now directly owns 796 shares of the […]
- 03/29/2020
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Irwin Gold Sells 2,317 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 2,317 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of $48.07, for a total value of $111,378.19. Following the sale, the chairman now owns 2,317 shares of the company’s stock, valued at approximately $111,378.19. The […]
- 03/29/2020
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Amalgamated Bank Purchases 995 Shares of Houlihan Lokey Inc (NYSE:HLI)
- Amalgamated Bank raised its position in Houlihan Lokey Inc (NYSE:HLI) by 14.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,720 shares of the financial services provider’s stock after acquiring an additional 995 shares during the quarter. Amalgamated Bank’s holdings in Houlihan Lokey were […]
- 03/29/2020
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Houlihan Lokey Inc (NYSE:HLI) Expected to Post Quarterly Sales of $313.13 Million
- Analysts forecast that Houlihan Lokey Inc (NYSE:HLI) will announce $313.13 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Houlihan Lokey’s earnings, with estimates ranging from $310.10 million to $316.16 million. Houlihan Lokey reported sales of $291.38 million in the same quarter last year, which indicates a positive year-over-year […]
- 03/29/2020
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Hedge Funds Have Never Been This Bullish On Iridium Communications Inc. (IRDM)
- Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
- 03/29/2020
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Great West Life Assurance Co. Can Acquires Shares of 3,440 Houlihan Lokey Inc (NYSE:HLI)
- Great West Life Assurance Co. Can acquired a new stake in Houlihan Lokey Inc (NYSE:HLI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,440 shares of the financial services provider’s stock, valued at approximately $167,000. A number of other hedge […]
- 03/28/2020
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Should You Worry About Houlihan Lokey, Inc.'s (NYSE:HLI) CEO Pay?
- Scott Beiser became the CEO of Houlihan Lokey, Inc. (NYSE:HLI) in 2003. First, this article will compare CEO...
- 03/26/2020
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Seadrill Re-Hires Houlihan
- Billionaire John Fredriksen's Seadrill Ltd. re-hired long time adviser Houlihan Lokey Inc. to engage in fresh talks with lenders, people familiar with the situation said.
- 03/26/2020
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Seadrill Re-Hires Houlihan in Fresh Debt Restructuring Effort
- (Bloomberg) -- Billionaire John Fredriksen’s Seadrill Ltd. re-hired long time adviser Houlihan Lokey Inc. to engage in fresh talks with lenders, people familiar with the situation said.The drilling operator, which was already struggling before the coronavirus outbreak, plans to negotiate with creditors after its business was hurt further by the historic slump in oil prices over recent weeks, according to the people, who asked not to be identified because the information is private.After going through a massive restructuring less than two years ago, Seadrill depended on a swift market recovery that hadn’t materialized even before the current turmoil. The company is saddled with almost $6 billion of bank debt and has already started talks with its creditors.A spokesman for Houlihan Lokey declined to comment on the mandate. A representative for Seadrill didn’t immediately reply to a call and email seeking comment.“We took the initiative to engage in a dialog with our banks at an early stage to address capital structure challenges relative to current trading conditions,” Chief Executive Officer Anton Dibowitz said in a statement at the end of February. The company posted a $1.2 billion net loss in 2019.The shares have lost more than 40% of their value since the beginning of March, and are trading near the lowest level since the company emerged from bankruptcy protection in July 2018.Bond prices have also tumbled amid fears that highly indebted companies in the oil and gas sector will have a tougher time persuading bankers to keep extending credit. In another example, offshore drilling firm Valaris Plc is said to have hired Goldman Sachs Group Inc. and PJT Partners Inc. to help find a fix for the hole in its balance sheet left by plunging oil prices.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- 03/26/2020
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UBS Keeps a Buy Rating on Houlihan Lokey (HLI)
- In a report released today, Brennan Hawken from UBS maintained a Buy rating on Houlihan Lokey (HLI), with a price target of $55.00. The company's shares
- 03/25/2020
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Houlihan Lokey Inc (NYSE:HLI) Shares Purchased by Bank of America Corp DE
- Bank of America Corp DE increased its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 10.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,251,176 shares of the financial services provider’s stock after purchasing an additional 123,121 […]
- 03/25/2020
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Houlihan Lokey Inc (NYSE:HLI) General Counsel Sells $96,640.00 in Stock
- Houlihan Lokey Inc (NYSE:HLI) General Counsel Christopher M. Crain sold 2,000 shares of Houlihan Lokey stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $48.32, for a total transaction of $96,640.00. Following the completion of the transaction, the general counsel now owns 2,000 shares in the company, […]
- 03/25/2020
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David A. Preiser Sells 7,126 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) insider David A. Preiser sold 7,126 shares of Houlihan Lokey stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $48.42, for a total value of $345,040.92. Following the sale, the insider now owns 7,126 shares in the company, valued at approximately $345,040.92. The […]
- 03/25/2020
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Scott L. Beiser Sells 9,502 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 9,502 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $48.42, for a total value of $460,086.84. Following the sale, the chief executive officer now directly owns 9,502 shares in the company, […]
- 03/25/2020
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Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold Sells 29,693 Shares
- Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 29,693 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $48.42, for a total value of $1,437,735.06. Following the transaction, the chairman now directly owns 29,693 shares in the company, valued at $1,437,735.06. The sale […]
- 03/25/2020
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Advisor Group Inc. Acquires 1,638 Shares of Houlihan Lokey Inc (NYSE:HLI)
- Advisor Group Inc. increased its holdings in shares of Houlihan Lokey Inc (NYSE:HLI) by 20.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,605 shares of the financial services provider’s stock after purchasing an additional 1,638 shares during the period. Advisor Group […]
- 03/25/2020
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ProShare Advisors LLC Has $279,000 Holdings in Houlihan Lokey Inc (NYSE:HLI)
- ProShare Advisors LLC lifted its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,707 shares of the financial services provider’s stock after purchasing an additional 1,009 shares during the quarter. ProShare Advisors LLC’s […]
- 03/24/2020
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Euronet Unit to Continue Services Amid Coronavirus Crisis
- Euronet's (EEFT) subsidiary, Ria Money Transfer has confirmed providing money remittance service amid the current pandemic.
- 03/23/2020
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Euronet Unit to Continue Services Amid Coronavirus Crisis
- Euronet's (EEFT) subsidiary, Ria Money Transfer has confirmed providing money remittance service amid the current pandemic.
- 03/23/2020
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Euronet (EEFT) Withdraws Q1 Outlook on Coronavirus Impact
- Euronet (EEFT) takes back its first-quarter 2020 guidance due to the impact of COVID-19 outbreak across the world.
- 03/23/2020
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Euronet (EEFT) Withdraws Q1 Outlook on Coronavirus Impact
- Euronet (EEFT) takes back its first-quarter 2020 guidance due to the impact of COVID-19 outbreak across the world.
- 03/23/2020
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Houlihan Lokey Inc (NYSE:HLI) Holdings Reduced by AlphaCrest Capital Management LLC
- AlphaCrest Capital Management LLC lowered its position in Houlihan Lokey Inc (NYSE:HLI) by 32.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 5,700 shares of the financial services provider’s stock after selling 2,700 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Houlihan Lokey were worth $279,000 as of its most recent […]
- 03/23/2020
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Raymond James & Associates Has $4.02 Million Stock Position in Houlihan Lokey Inc (NYSE:HLI)
- Raymond James & Associates increased its stake in shares of Houlihan Lokey Inc (NYSE:HLI) by 1.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,252 shares of the financial services provider’s stock after buying an additional 1,357 shares during […]
- 03/23/2020
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Irwin Gold Sells 15,000 Shares of Houlihan Lokey Inc (NYSE:HLI) Stock
- Houlihan Lokey Inc (NYSE:HLI) Chairman Irwin Gold sold 15,000 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $49.50, for a total transaction of $742,500.00. Following the transaction, the chairman now directly owns 15,000 shares in the company, valued at $742,500. […]
- 03/22/2020
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Houlihan Lokey (NYSE:HLI) Trading Down 9.4% Following Insider Selling
- Houlihan Lokey Inc (NYSE:HLI) was down 9.4% on Wednesday after an insider sold shares in the company. The stock traded as low as $42.86 and last traded at $46.40, approximately 924,020 shares were traded during mid-day trading. An increase of 139% from the average daily volume of 385,868 shares. The stock had previously closed at […]
- 03/20/2020
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Qatari, U.A.E., Indian Lenders Face Exposure to Troubled Finablr
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Houlihan Lokey (NYSE:HLI) Shares Up 9.5%
- Houlihan Lokey Inc (NYSE:HLI)’s share price shot up 9.5% during trading on Tuesday . The company traded as high as $51.58 and last traded at $51.24, 911,878 shares changed hands during mid-day trading. An increase of 143% from the average session volume of 375,438 shares. The stock had previously closed at $46.81. A number of […]
- 03/19/2020
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Houlihan Lokey: Favorable Conditions
- HLI’s business model excels in both a “stay at home” economy and a recession. Low interest rates could lead to a M&A boom. 30% of revenue in 2019 was from the F
- 03/18/2020
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MoneyGram Rides on Transaction Growth in Its Digital Business
- MoneyGram's (MGI) strong digital business reflects transaction growth in both U.S.-outbound and international transactions.
- 03/18/2020
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MoneyGram Rides on Transaction Growth in Its Digital Business
- MoneyGram's (MGI) strong digital business reflects transaction growth in both U.S.-outbound and international transactions.
- 03/18/2020
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Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser Sells 12,046 Shares
- Houlihan Lokey Inc (NYSE:HLI) CEO Scott L. Beiser sold 12,046 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $48.81, for a total value of $587,965.26. Following the completion of the transaction, the chief executive officer now directly owns 12,046 shares of […]
- 03/18/2020
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Houlihan Lokey Inc (NYSE:HLI) Shares Sold by Ariel Investments LLC
- Ariel Investments LLC lowered its holdings in shares of Houlihan Lokey Inc (NYSE:HLI) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,080,877 shares of the financial services provider’s stock after selling 12,845 shares during the quarter. Ariel Investments LLC’s holdings in Houlihan Lokey were worth $52,822,000 at the end of the most […]
- 03/16/2020
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Is Now The Time To Put Houlihan Lokey (NYSE:HLI) On Your Watchlist?
- Like a puppy chasing its tail, some new investors often chase 'the next big thing', even if that means buying 'story...
- 03/14/2020
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Franklin Resources Inc. Acquires 518,543 Shares of Houlihan Lokey Inc (NYSE:HLI)
- Franklin Resources Inc. grew its holdings in Houlihan Lokey Inc (NYSE:HLI) by 67.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,287,298 shares of the financial services provider’s stock after purchasing an additional 518,543 shares during the period. Franklin Resources Inc.’s holdings in Houlihan […]
- 03/13/2020
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Atria Investments LLC Purchases New Stake in Houlihan Lokey Inc (NYSE:HLI)
- Atria Investments LLC purchased a new stake in shares of Houlihan Lokey Inc (NYSE:HLI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,115 shares of the financial services provider’s stock, valued at approximately $445,000. A number of other institutional […]
- 03/13/2020
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Envestnet Asset Management Inc. Purchases 12,181 Shares of Houlihan Lokey Inc (NYSE:HLI)
- Envestnet Asset Management Inc. lifted its position in Houlihan Lokey Inc (NYSE:HLI) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,185 shares of the financial services provider’s stock after purchasing an additional 12,181 shares during the quarter. Envestnet Asset Management Inc. owned […]
- 03/13/2020
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Edited Transcript of HLI earnings conference call or presentation 3-Feb-20 10:00pm GMT
- Q3 2020 Houlihan Lokey Inc Earnings Call
- 03/12/2020
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PRA Group Gains 35.1% in a Year: Will the Rally Continue?
- Riding high on rising receivable income, cash collection and operating initiatives, PRA Group (PRAA) is well-poised for growth.
- 03/11/2020
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Head-To-Head Contrast: Houlihan Lokey (NYSE:HLI) & Victory Capital (NYSE:VCTR)
- Houlihan Lokey (NYSE:HLI) and Victory Capital (NASDAQ:VCTR) are both finance companies, but which is the superior investment? We will contrast the two companies based on the strength of their profitability, analyst recommendations, earnings, institutional ownership, dividends, valuation and risk. Valuation and Earnings This table compares Houlihan Lokey and Victory Capital’s revenue, earnings per share (EPS) […]
- 03/11/2020
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