Houlihan Lokey (NYSE:HLI) has earned an average recommendation of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $50.50.
A number of research firms recently weighed in on HLI. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a report on Wednesday. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Finally, Buckingham Research began coverage on shares of Houlihan Lokey in a report on Thursday, April 5th. They set a “buy” rating and a $54.00 price target for the company.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 25,307 shares of the stock in a transaction on Wednesday, May 16th. The shares were sold at an average price of $1,243,518.00, for a total transaction of $31,469,710,026.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider J Lindsey Alley sold 13,895 shares of the stock in a transaction on Monday, June 4th. The shares were sold at an average price of $49.11, for a total transaction of $682,383.45. Following the transaction, the insider now owns 13,895 shares in the company, valued at $682,383.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,940,840 shares of company stock valued at $989,723,085,872. Company insiders own 69.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLI. SG Americas Securities LLC bought a new position in shares of Houlihan Lokey in the 1st quarter worth about $109,000. Envestnet Asset Management Inc. lifted its position 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 buying an additional 2,446 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Houlihan Lokey in the 1st quarter worth about $219,000. AMP Capital Investors Ltd bought a new position in shares of Houlihan Lokey in the 4th quarter worth about $245,000. Finally, Blair William & Co. IL bought a new position in shares of Houlihan Lokey in the 1st quarter worth about $277,000. Hedge funds and other institutional investors own 45.61% of the company’s stock.
Shares of Houlihan Lokey traded down $0.23, hitting $49.80, during trading hours on Monday, Marketbeat.com reports. The company’s stock had a trading volume of 3,398 shares, compared to its average volume of 273,241. Houlihan Lokey has a 1-year low of $33.97 and a 1-year high of $52.81. The firm has a market capitalization of $3.35 billion, a P/E ratio of 20.84, a PEG ratio of 1.25 and a beta of 0.61. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.01.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.07. The company had revenue of $244.75 million during the quarter, compared to analyst estimates of $236.68 million. Houlihan Lokey had a net margin of 17.88% and a return on equity of 19.69%. The business’s quarterly revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.59 earnings per share. research analysts expect that Houlihan Lokey will post 2.71 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, June 4th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, June 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 45.19%.
About Houlihan Lokey
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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