Shares of Houlihan Lokey (NYSE:HLI) have earned an average recommendation of “Buy” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $49.40.
Several research analysts recently commented on HLI shares. Zacks Investment Research cut Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. Buckingham Research started coverage on Houlihan Lokey in a research note on Thursday, April 5th. They issued a “buy” rating and a $54.00 price target on the stock. ValuEngine upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Finally, Bank of America boosted their price target on Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th.
In other Houlihan Lokey news, insider Scott Joseph Adelson sold 13,732 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $46.75, for a total transaction of $641,971.00. Following the sale, the insider now owns 13,732 shares in the company, valued at $641,971. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 4,599 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $46.75, for a total value of $215,003.25. Following the sale, the general counsel now owns 4,599 shares in the company, valued at approximately $215,003.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,042 shares of company stock worth $3,554,964. Insiders own 69.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in HLI. Kayne Anderson Rudnick Investment Management LLC raised its stake in Houlihan Lokey by 1,175.8% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,277,490 shares of the financial services provider’s stock valued at $56,976,000 after buying an additional 1,177,361 shares in the last quarter. Millennium Management LLC raised its stake in Houlihan Lokey by 401.2% during the first quarter. Millennium Management LLC now owns 872,930 shares of the financial services provider’s stock valued at $38,933,000 after buying an additional 698,759 shares in the last quarter. Bamco Inc. NY raised its stake in Houlihan Lokey by 180.1% during the first quarter. Bamco Inc. NY now owns 1,019,189 shares of the financial services provider’s stock valued at $45,456,000 after buying an additional 655,339 shares in the last quarter. ORIX USA Corp acquired a new stake in Houlihan Lokey during the fourth quarter valued at approximately $19,909,000. Finally, Stifel Financial Corp raised its stake in Houlihan Lokey by 782.8% during the first quarter. Stifel Financial Corp now owns 328,433 shares of the financial services provider’s stock valued at $14,686,000 after buying an additional 291,228 shares in the last quarter. Hedge funds and other institutional investors own 41.61% of the company’s stock.
Shares of Houlihan Lokey opened at $48.86 on Thursday, according to MarketBeat. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.24 and a beta of 0.57. Houlihan Lokey has a 12 month low of $48.97 and a 12 month high of $49.72. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.77 and a current ratio of 0.77.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.07. Houlihan Lokey had a return on equity of 20.08% and a net margin of 17.88%. The company had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $236.68 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The firm’s quarterly revenue was down 4.8% on a year-over-year basis. equities research analysts predict that Houlihan Lokey will post 2.71 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, June 4th will be paid a $0.27 dividend. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.20. The ex-dividend date is Friday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.21%. Houlihan Lokey’s payout ratio is 33.47%.
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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