Buckingham Research Begins Coverage on Houlihan Lokey (HLI)

Buckingham Research started coverage on shares of Houlihan Lokey (NYSE:HLI) in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage issued a buy rating and a $54.00 price target on the financial services provider’s stock.

Other equities analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of Houlihan Lokey from $50.00 to $52.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Zacks Investment Research raised shares of Houlihan Lokey from a hold rating to a buy rating and set a $56.00 price objective for the company in a research note on Friday, January 12th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $49.00 price objective on shares of Houlihan Lokey in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Houlihan Lokey has a consensus rating of Buy and an average price target of $50.50.

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HLI opened at $43.57 on Thursday. The firm has a market cap of $2,870.35, a P/E ratio of 18.62, a P/E/G ratio of 0.88 and a beta of 0.57. Houlihan Lokey has a fifty-two week low of $32.08 and a fifty-two week high of $52.81. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The business had revenue of $258.90 million during the quarter, compared to analysts’ expectations of $240.98 million. During the same period last year, the company posted $0.57 EPS. The business’s revenue was up 4.5% on a year-over-year basis. research analysts predict that Houlihan Lokey will post 2.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, March 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.84%. Houlihan Lokey’s payout ratio is currently 42.33%.

In other news, CFO J Lindsey Alley sold 22,549 shares of the firm’s stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total value of $1,054,165.75. Following the completion of the sale, the chief financial officer now owns 22,549 shares in the company, valued at approximately $1,054,165.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott L. Beiser sold 14,434 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total transaction of $674,789.50. Following the completion of the sale, the chief executive officer now owns 14,434 shares of the company’s stock, valued at approximately $674,789.50. The disclosure for this sale can be found here. Insiders sold a total of 76,042 shares of company stock valued at $3,554,964 over the last three months. Corporate insiders own 69.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 1,374.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 2,624 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 2,446 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $541,000. Teachers Advisors LLC lifted its holdings in shares of Houlihan Lokey by 1.5% in the 4th quarter. Teachers Advisors LLC now owns 331,359 shares of the financial services provider’s stock worth $15,054,000 after acquiring an additional 4,766 shares during the last quarter. Raymond James & Associates bought a new stake in shares of Houlihan Lokey in the 4th quarter worth about $710,000. Finally, California State Teachers Retirement System lifted its holdings in shares of Houlihan Lokey by 4.9% in the 4th quarter. California State Teachers Retirement System now owns 42,211 shares of the financial services provider’s stock worth $1,918,000 after acquiring an additional 1,989 shares during the last quarter. Hedge funds and other institutional investors own 40.66% of the company’s stock.

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Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.

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