Houlihan Lokey Inc. (NYSE:HLI) Given Consensus Recommendation of “Hold” by Brokerages
Houlihan Lokey Inc. (NYSE:HLI) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $26.23.
A number of equities research analysts have issued reports on HLI shares. Zacks Investment Research lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, September 5th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and issued a $28.00 price target on shares of Houlihan Lokey in a research report on Friday, September 23rd. Finally, Sandler O’Neill lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th.
Shares of Houlihan Lokey (NYSE:HLI) traded up 1.56% during midday trading on Monday, reaching $25.34. The company had a trading volume of 4,130 shares. Houlihan Lokey has a 52-week low of $20.90 and a 52-week high of $26.75. The company’s 50 day moving average price is $24.74 and its 200 day moving average price is $24.16. The stock has a market capitalization of $1.69 billion, a PE ratio of 22.25 and a beta of 0.04.
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Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The company had revenue of $181 million for the quarter, compared to analyst estimates of $161.70 million. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. Houlihan Lokey’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Equities research analysts expect that Houlihan Lokey will post $1.74 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.73%. The ex-dividend date of this dividend was Wednesday, August 31st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 59.65%.
Several large investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Houlihan Lokey by 42.9% in the second quarter. Macquarie Group Ltd. now owns 463,821 shares of the company’s stock valued at $10,376,000 after buying an additional 139,253 shares during the period. Basswood Capital Management L.L.C. raised its position in Houlihan Lokey by 19.7% in the second quarter. Basswood Capital Management L.L.C. now owns 135,508 shares of the company’s stock valued at $3,031,000 after buying an additional 22,287 shares during the period. Three Corner Global Investors LP raised its position in Houlihan Lokey by 37.8% in the second quarter. Three Corner Global Investors LP now owns 332,500 shares of the company’s stock valued at $7,438,000 after buying an additional 91,200 shares during the period. Parametric Portfolio Associates LLC raised its position in Houlihan Lokey by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 110,788 shares of the company’s stock valued at $2,478,000 after buying an additional 877 shares during the period. Finally, Allianz Asset Management AG raised its position in Houlihan Lokey by 4.5% in the second quarter. Allianz Asset Management AG now owns 735,174 shares of the company’s stock valued at $16,446,000 after buying an additional 31,404 shares during the period. 99.02% of the stock is currently owned by institutional investors and hedge funds.
About Houlihan Lokey
Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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