Houlihan Lokey, Inc. (HLI) Receives Average Recommendation of “Buy” from Analysts
Houlihan Lokey, Inc. (NYSE:HLI) has been assigned a consensus rating of “Buy” from the nine ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $42.25.
HLI has been the topic of several recent analyst reports. UBS Group AG reissued a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. Finally, TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th.
In other news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, September 14th. The shares were 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 can be accessed through the SEC website. Also, insider Scott Joseph Adelson sold 60,589 shares of Houlihan Lokey stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the completion of the sale, the insider now owns 90,683 shares in the company, valued at $3,775,133.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,807,387 shares of company stock worth $113,183,620. Insiders own 69.70% of the company’s stock.
Houlihan Lokey (NYSE HLI) traded down $0.20 during trading on Thursday, reaching $43.99. 123,400 shares of the company traded hands, compared to its average volume of 250,770. Houlihan Lokey has a twelve month low of $27.52 and a twelve month high of $44.43. The company has a market cap of $2,910.31, a price-to-earnings ratio of 19.91, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The business had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. During the same quarter last year, the firm earned $0.37 EPS. Houlihan Lokey’s quarterly revenue was up 29.9% compared to the same quarter last year. research analysts anticipate that Houlihan Lokey will post 2.1 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date is Friday, December 1st. Houlihan Lokey’s payout ratio is currently 37.91%.
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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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