Houlihan Lokey, Inc. (HLI) Receives Average Recommendation of “Buy” from Analysts
Houlihan Lokey, Inc. (NYSE:HLI) has been given a consensus recommendation of “Buy” by the nine brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $39.50.
Several research analysts have issued reports on HLI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Houlihan Lokey in a report on Tuesday. UBS AG reissued a “buy” rating and issued a $42.00 target price (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Zacks Investment Research downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th.
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In other news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 69.70% of the company’s stock.
Several large investors have recently made changes to their positions in HLI. Teachers Advisors LLC raised its position in shares of Houlihan Lokey by 31.2% in the 4th quarter. Teachers Advisors LLC now owns 25,242 shares of the financial services provider’s stock valued at $786,000 after acquiring an additional 6,000 shares during the period. Bank of New York Mellon Corp grew its holdings in Houlihan Lokey by 34.7% during the first quarter. Bank of New York Mellon Corp now owns 133,521 shares of the financial services provider’s stock valued at $4,600,000 after purchasing an additional 34,396 shares during the period. Swiss National Bank grew its holdings in Houlihan Lokey by 73.4% during the first quarter. Swiss National Bank now owns 35,436 shares of the financial services provider’s stock valued at $1,221,000 after purchasing an additional 15,000 shares during the period. JPMorgan Chase & Co. grew its holdings in Houlihan Lokey by 144.6% during the first quarter. JPMorgan Chase & Co. now owns 349,067 shares of the financial services provider’s stock valued at $12,026,000 after purchasing an additional 206,370 shares during the period. Finally, Prudential Financial Inc. acquired a new position in Houlihan Lokey during the first quarter valued at approximately $7,679,000. Institutional investors and hedge funds own 32.17% of the company’s stock.
Shares of Houlihan Lokey (NYSE:HLI) opened at 40.06 on Wednesday. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 20.77 and a beta of 0.36. Houlihan Lokey has a one year low of $23.19 and a one year high of $40.21. The stock has a 50 day moving average price of $36.73 and a 200 day moving average price of $35.17.
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 the Thomson Reuters’ consensus estimate of $0.44 by $0.06. The business had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. Houlihan Lokey’s revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts forecast that Houlihan Lokey will post $2.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.00%. Houlihan Lokey’s payout ratio is presently 41.67%.
About Houlihan Lokey
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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