Houlihan Lokey, Inc. (HLI) – What Are Brokerages Thinking About This Stock?
by Kim Johansen · The Markets DailyHoulihan Lokey, Inc. (NYSE:HLI – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $161.38.
Several research analysts have recently issued reports on HLI shares. UBS Group upped their target price on shares of Houlihan Lokey from $147.00 to $154.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 7th. Wolfe Research upgraded shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Citigroup raised shares of Houlihan Lokey to an “outperform” rating in a report on Friday, October 9th. Wall Street Zen cut Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Bank of America started coverage on Houlihan Lokey in a research report on Friday, July 10th. They set a “buy” rating and a $164.00 target price for the company.
Read Our Latest Research Report on Houlihan Lokey
Houlihan Lokey Price Performance
Shares of NYSE:HLI opened at $128.54 on Friday. The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 1.63 and a beta of 1.00. The company’s fifty day moving average price is $130.24 and its 200-day moving average price is $139.18. Houlihan Lokey has a one year low of $112.83 and a one year high of $204.18.
Houlihan Lokey (NYSE:HLI – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). The company had revenue of $511.00 million for the quarter, compared to the consensus estimate of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%. Houlihan Lokey’s revenue was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.14 earnings per share. As a group, equities research analysts expect that Houlihan Lokey will post 6.91 EPS for the current year.
Houlihan Lokey Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.70 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.2%. Houlihan Lokey’s dividend payout ratio (DPR) is 47.06%.
Insider Activity
In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $140.15, for a total transaction of $140,150.00. Following the sale, the general counsel owned 1,000 shares in the company, valued at approximately $140,150. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 22.53% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Houlihan Lokey
Institutional investors and hedge funds have recently modified their holdings of the business. Krilogy Financial LLC boosted its holdings in Houlihan Lokey by 15.3% in the 3rd quarter. Krilogy Financial LLC now owns 4,233 shares of the financial services provider’s stock worth $552,000 after buying an additional 563 shares during the last quarter. Salvus Wealth Management LLC acquired a new position in Houlihan Lokey in the 3rd quarter valued at about $2,334,000. Wedmont Private Capital acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $252,000. Diversified Management Inc. purchased a new position in Houlihan Lokey in the third quarter worth approximately $2,294,000. Finally, GAMMA Investing LLC raised its position in Houlihan Lokey by 53.1% in the third quarter. GAMMA Investing LLC now owns 12,464 shares of the financial services provider’s stock valued at $1,575,000 after purchasing an additional 4,324 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.
About Houlihan Lokey
Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, institutions, governments and other organizations. The firm focuses on complex strategic, financial and restructuring matters and is known for its independent advisory model.
Its principal businesses include corporate finance, financial restructuring, and financial and valuation advisory. Services include mergers and acquisitions advice, capital-raising and other strategic transactions, restructuring and liability management, fairness opinions, solvency analysis, financial reporting valuations, and transaction opinions.
Founded in 1972, Houlihan Lokey serves clients through offices across North America, Europe, the Asia-Pacific region and the Middle East.
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