Houlihan Lokey Inc (HLI) Receives Consensus Recommendation of “Buy” from Brokerages

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%.

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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.

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