Houlihan Lokey Inc (NYSE:HLI) has been assigned an average rating of “Hold” from the nine analysts that are presently covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $52.00.
Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Goldman Sachs Group began coverage on shares of Houlihan Lokey in a report on Tuesday, November 6th. They set a “neutral” rating and a $46.00 price objective on the stock. ValuEngine lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, September 28th. Finally, UBS Group dropped their price objective on shares of Houlihan Lokey from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, October 8th.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Houlihan Lokey by 1.7% during the third quarter. Vanguard Group Inc. now owns 3,086,510 shares of the financial services provider’s stock valued at $138,677,000 after purchasing an additional 53,062 shares during the period. Nordea Investment Management AB raised its holdings in shares of Houlihan Lokey by 41.5% in the 3rd quarter. Nordea Investment Management AB now owns 92,859 shares of the financial services provider’s stock worth $4,172,000 after acquiring an additional 27,240 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Houlihan Lokey by 0.5% in the 3rd quarter. Teachers Advisors LLC now owns 340,514 shares of the financial services provider’s stock worth $15,299,000 after acquiring an additional 1,720 shares during the last quarter. IndexIQ Advisors LLC raised its holdings in shares of Houlihan Lokey by 3.9% in the 3rd quarter. IndexIQ Advisors LLC now owns 50,970 shares of the financial services provider’s stock worth $2,290,000 after acquiring an additional 1,926 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in shares of Houlihan Lokey by 4.1% in the 3rd quarter. Thrivent Financial for Lutherans now owns 383,810 shares of the financial services provider’s stock worth $17,244,000 after acquiring an additional 15,258 shares during the last quarter. Hedge funds and other institutional investors own 52.19% of the company’s stock.
HLI stock traded down $0.32 during midday trading on Monday, hitting $40.19. The stock had a trading volume of 7,040 shares, compared to its average volume of 205,414. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 1.25 and a beta of 0.64. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a 1-year low of $38.85 and a 1-year high of $53.20.
Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, October 25th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.08. The business had revenue of $274.99 million for the quarter, compared to analyst estimates of $239.68 million. Houlihan Lokey had a net margin of 16.97% and a return on equity of 20.55%. Research analysts expect that Houlihan Lokey will post 2.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.69%. Houlihan Lokey’s dividend payout ratio is currently 45.19%.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and 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, as well as financial sponsors on various transactions.
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