ValuEngine Downgrades Houlihan Lokey (NYSE:HLI) to Sell

ValuEngine lowered shares of Houlihan Lokey (NYSE:HLI) from a hold rating to a sell rating in a report issued on Monday, ValuEngine reports.

Several other research analysts have also commented on HLI. Zacks Investment Research upgraded shares of Eutelsat Communications from a hold rating to a strong-buy rating and set a $21.00 price target on the stock in a report on Wednesday, June 12th. Goldman Sachs Group restated a sell rating and issued a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, JMP Securities cut their price target on shares of BioCryst Pharmaceuticals from $18.00 to $10.00 and set an outperform rating on the stock in a report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Houlihan Lokey presently has a consensus rating of Buy and an average price target of $50.08.

NYSE HLI opened at $43.40 on Monday. Houlihan Lokey has a one year low of $34.31 and a one year high of $53.20. The firm has a 50 day simple moving average of $45.31. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.76 and a quick ratio of 0.76. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.21 and a beta of 0.97.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.86 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.17. Houlihan Lokey had a net margin of 14.67% and a return on equity of 22.31%. The firm had revenue of $291.40 million for the quarter, compared to analyst estimates of $266.26 million. During the same quarter last year, the firm posted $0.65 earnings per share. Houlihan Lokey’s revenue for the quarter was up 19.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Houlihan Lokey will post 2.99 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were issued a $0.31 dividend. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, May 31st. This represents a $1.24 annualized dividend and a yield of 2.86%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.21%.

In other news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $45.52, for a total transaction of $136,560,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 80.50% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC raised its stake in shares of Houlihan Lokey by 253.2% during the fourth quarter. Advisory Services Network LLC now owns 1,939 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 1,390 shares during the period. Private Capital Group LLC raised its stake in shares of Houlihan Lokey by 259.0% during the first quarter. Private Capital Group LLC now owns 2,014 shares of the financial services provider’s stock valued at $92,000 after purchasing an additional 1,453 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Houlihan Lokey during the first quarter valued at approximately $126,000. Advisor Group Inc. raised its stake in shares of Houlihan Lokey by 41.8% during the fourth quarter. Advisor Group Inc. now owns 4,094 shares of the financial services provider’s stock valued at $151,000 after purchasing an additional 1,207 shares during the period. Finally, Hsbc Holdings PLC raised its stake in shares of Houlihan Lokey by 13.6% during the fourth quarter. Hsbc Holdings PLC now owns 6,055 shares of the financial services provider’s stock valued at $222,000 after purchasing an additional 725 shares during the period. Institutional investors own 58.04% of the company’s stock.

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.

Further Reading: Correction

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