Houlihan Lokey Inc (NYSE:HLI) has been assigned an average recommendation of “Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $44.20.
HLI has been the topic of several research reports. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a research report on Thursday, October 12th. UBS Group raised their target price on Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Bank of America raised their target price on Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $49.00 target price on shares of Houlihan Lokey in a research report on Friday, December 22nd.
In other news, Chairman Irwin Gold sold 91,453 shares of Houlihan Lokey stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $3,807,188.39. Following the transaction, the chairman now directly owns 102,314 shares of the company’s stock, valued at approximately $4,259,331.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of Houlihan Lokey stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.63, for a total value of $72,852,500.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,120,627 shares of company stock worth $88,281,702. Insiders own 69.70% of the company’s stock.
Several hedge funds have recently bought and sold shares of HLI. SG Americas Securities LLC purchased a new position in Houlihan Lokey in the 2nd quarter worth approximately $105,000. Advisor Group Inc. lifted its holdings in Houlihan Lokey by 2,125.0% in the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,720 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Houlihan Lokey by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 2,371 shares in the last quarter. Legal & General Group Plc lifted its holdings in Houlihan Lokey by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 570 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Houlihan Lokey by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 808 shares in the last quarter. 34.61% of the stock is currently owned by hedge funds and other institutional investors.
Houlihan Lokey (HLI) opened at $49.62 on Friday. The stock has a market capitalization of $3,210.00 and a PE ratio of 23.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.92 and a quick ratio of 0.92. Houlihan Lokey has a 12-month low of $29.51 and a 12-month high of $49.63.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. equities analysts anticipate that Houlihan Lokey will post 2.1 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.61%. Houlihan Lokey’s payout ratio is currently 37.91%.
TRADEMARK VIOLATION NOTICE: “Houlihan Lokey Inc (HLI) Receives Consensus Recommendation of “Buy” from Brokerages” was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of US & international copyright and trademark law. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/03/houlihan-lokey-inc-hli-receives-consensus-recommendation-of-buy-from-brokerages.html.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.