Houlihan Lokey, Inc. (HLI) Given Consensus Recommendation of “Buy” by Analysts
Shares of Houlihan Lokey, Inc. (NYSE:HLI) have received a consensus rating of “Buy” from the seven brokerages that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $39.00.
HLI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 price target on shares of Houlihan Lokey in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. UBS AG restated a “buy” rating and set a $42.00 price target (up from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research report on Monday, August 14th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Houlihan Lokey during the second quarter valued at about $105,000. Tower Research Capital LLC TRC boosted its position in Houlihan Lokey by 122.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,371 shares during the period. Victory Capital Management Inc. boosted its position in Houlihan Lokey by 9.1% during the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the period. Legal & General Group Plc boosted its position in Houlihan Lokey by 37.8% during the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the period. Finally, O Shaughnessy Asset Management LLC purchased a new stake in Houlihan Lokey during the first quarter valued at about $182,000. Institutional investors and hedge funds own 32.18% of the company’s stock.
Shares of Houlihan Lokey (NYSE HLI) opened at 35.84 on Friday. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $39.68. The firm has a market cap of $2.40 billion, a P/E ratio of 18.58 and a beta of 0.34. The company’s 50-day moving average price is $36.15 and its 200-day moving average price is $34.46.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $217 million during the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.35 EPS. On average, analysts predict that Houlihan Lokey will post $2.05 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.20 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.23%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 41.67%.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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