|Bid||41.33 x 15600|
|Ask||41.85 x 15000|
|Day's Range||41.03 - 41.91|
|52 Week Range||30.42 - 44.22|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||15.72|
|Forward Dividend & Yield||1.11 (2.66%)|
|1y Target Est||N/A|
(Bloomberg) -- The Treasury Department has held talks with Houlihan Lokey Inc. about hiring the restructuring firm to advise it on Fannie Mae and Freddie Mac, the U.S. mortgage giants that have been under federal control since the 2008 financial crisis, said a person with knowledge of the negotiations.Retaining the investment bank would be an important step in Treasury’s push to overhaul Fannie and Freddie. But Houlihan Lokey hasn’t been hired and there’s no indication that the Trump administration intends to free the companies from the government’s grip anytime soon. Many hurdles remain and the process is fraught with political and technical difficulties.A Treasury spokesman denied that the agency is holding current discussions with any advisory firm. Still, bringing on an outside expert could prove crucial as the administration enters a new phase on housing-finance policy.On Thursday, Treasury is expected to released its long-anticipated plan -- requested by President Donald Trump -- for ending Fannie and Freddie’s conservatorships, said people familiar with the matter who asked not to be named because the report’s status hasn’t been publicly disclosed.Shrinking FootprintWhatever Treasury comes up with, including proposals for Fannie and Freddie to build up their capital cushions and reducing the companies’ footprints in the mortgage market, would still face a long implementation process. Houlihan Lokey, which is known for working on bankruptcies involving Lehman Brothers Holdings Inc. and Enron Corp., could advise on much of that work.In an emailed statement, the Treasury spokesman said Wednesday that there is no merit to any report that Treasury is currently in talks to contract or hire any firm to serve as a financial adviser to the department on matters related to Fannie and Freddie.Houlihan Lokey didn’t respond to a request for comment.Figuring out a fix for Fannie and Freddie, the biggest outstanding issue from the 2008 meltdown, has long confounded politicians and policy makers. The companies were taken over as the housing market tanked, and bailed out with $191.5 billion in taxpayers funds. They have since become profitable again, paying more than $300 billion in dividends to the Treasury in recent years.Read More: Fannie and Freddie Died But Were Reborn, ProfitablyFannie and Freddie don’t extend financing to homebuyers. Instead, they keep the housing market humming by purchasing mortgages from lenders and packaging the loans into bonds. Such securities are sold to investors with guarantees in case borrowers default.Administration WaryTreasury Secretary Steven Mnuchin and his team have been working on plans to release Fannie and Freddie from government conservatorship since Trump took office in 2017. Those efforts were complicated by the June departure of counselor Craig Phillips, who had been Treasury’s point man on the issue.The administration has also grown wary about pursuing big changes to Fannie and Freddie before the 2020 presidential election. Any revamp could hurt the housing market, and the health of the economy is considered key to Trump winning a second term.Read More: Trump Team Wary of Fannie-Freddie Fix Before 2020 ElectionIn a sign that the release of Treasury’s Fannie-Freddie report is imminent, Mnuchin is scheduled to testify Sept. 10 before the Senate Banking Committee on housing-finance policy. Joining him will be Federal Housing Finance Agency Director Mark Calabria, Fannie and Freddie’s regulator, and Housing and Urban Development Secretary Ben Carson.Among recommendations that are likely to be included in Treasury’s plan is that rival firms be able to compete with Fannie and Freddie, according to two people familiar with the matter. Such a proposal would require action by Congress, which controls the chartering of rivals to Fannie and Freddie.More CapitalThere are many reforms the Trump administration and FHFA can pursue on their own. For instance, Treasury will likely recommend that Fannie and Freddie be restricted from purchasing certain types or sizes of mortgages, the people said.Treasury and FHFA officials have long said that Fannie and Freddie need more capital to be able to weather another housing slump, as the companies are currently restricted from holding more than $3 billion each. While selling Fannie and Freddie shares through public offerings is one option to increase their capital, the Treasury report isn’t likely to lay out specifics on the timing of possible stock sales or how they might be structured, said one person with knowledge of the matter.That could disappoint hedge funds and other investment firms that own the companies’ shares. Such firms have been eager for the government to quickly release the mortgage giants from federal control.To contact the reporters on this story: Saleha Mohsin in Washington at firstname.lastname@example.org;Austin Weinstein in New York at email@example.com;Eliza Ronalds-Hannon in New York at firstname.lastname@example.orgTo contact the editors responsible for this story: Jesse Westbrook at email@example.com, Gregory MottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Investment company ORIX USA Corp buys Houlihan Lokey Inc during the 3-months ended 2019Q1, according to the most recent filings of the investment company, ORIX USA Corp.
The Los Angeles-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring costs, were 86 cents per share. The investment banking company posted revenue of $291.4 million ...
Venezuela-owned oil refiner Citgo mandated broker dealer and non-bank lender Jefferies to arrange a US$1.2bn term loan, after its previous traditional bank lenders declined to participate due to regulatory pressure to comply with political restrictions on doing business with its South American parent, sources familiar with the transaction said. Houston-headquartered Citgo also appointed another non-bank lender, Houlihan Lokey, to coordinate the term loan for the fuel company, which is owned by state-owned Petróleos de Venezuela SA (PDVSA) and currently hamstrung by US-imposed economic sanctions.
The Los Angeles-based company said it had net income of 67 cents per share. Earnings, adjusted for non-recurring costs, were 77 cents per share. The investment banking company posted revenue of $298 million ...
# Houlihan Lokey Inc ### NYSE:HLI Score: Neutral (64) 1 day at current score. Downgraded from Positive on December 13th 2018 View full report here! ## Summary * This company ranked neutral compared to the Financials sector with only 2 positive IHS Markit Categories * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for HLI with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting HLI. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, ETFs holding HLI are favorable, with net inflows of $1.39 billion. Additionally, the rate of inflows is increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Houlihan Lokey (HLI) delivered earnings and revenue surprises of 12.90% and 14.73%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
On a per-share basis, the Los Angeles-based company said it had net income of 61 cents. Earnings, adjusted for non-recurring costs, were 70 cents per share. The investment banking company posted revenue ...