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In a remarkable display of market confidence, Houlihan Lokey (NYSE:) Inc’s stock has surged to an all-time high, reaching a pinnacle of $160.64. This significant milestone underscores a period of robust growth for the global investment bank, which has seen its stock value skyrocket by an impressive 49.6% over the past year. Investors have rallied around the firm’s strong financial performance and strategic acquisitions, propelling the stock to new heights and marking a standout moment in the company’s trading history.
In other recent news, global investment bank Houlihan Lokey has reported a robust start to its fiscal year 2025, with first-quarter revenues reaching $514 million, a 24% increase from the previous year. The firm’s adjusted earnings per share also climbed by 37%, hitting $1.22. The Corporate Finance division led this growth with a 45% revenue increase, while Financial Restructuring revenues saw a slight decline.
In recent developments, Houlihan Lokey has also strengthened its team with the appointment of Geoff Rhizor and Andrew Atherton as Managing Directors in its Technology and FinTech Groups respectively. Both Rhizor, formerly with Canaccord Genuity, and Atherton, a former Partner at Union Square Advisors, bring extensive experience and sector knowledge to the firm.
Looking ahead, Houlihan Lokey anticipates continued growth quarter-over-quarter, given favorable market conditions. The firm is also actively seeking acquisitions or organic hires to address underweighted sectors. However, it expects the tax rate to be at the higher end of the historic range due to operations in higher tax jurisdictions.
InvestingPro Insights
In light of Houlihan Lokey Inc ‘s recent stock performance, it’s valuable to consider insights from InvestingPro that could provide investors with a deeper understanding of the company’s financial standing. With a market capitalization of $11.16 billion, the company trades at a high earnings multiple, with a P/E ratio of 33.66. This suggests investor confidence in future earnings potential, but also indicates that the stock is not cheap relative to its current earnings.
InvestingPro Tips highlight that Houlihan Lokey has a track record of raising its dividend for 9 consecutive years, which could be a sign of the company’s commitment to returning value to shareholders. Additionally, the company is trading near its 52-week high, with the price having reached 99.93% of this peak. This is a testament to the strong returns that the company has provided over the last three months, with a 19.68% price total return, and over the last year, with a 48.95% return.
Investors interested in further analysis will find more InvestingPro Tips on the company’s financial health and stock performance, which can be accessed through the dedicated InvestingPro product page for Houlihan Lokey at https://www.investing.com/pro/HLI.
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