Houlihan Lokey Inc (HLI) Receives Average Recommendation of “Buy” from Analysts

Houlihan Lokey Inc (NYSE:HLI) has received a consensus rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.50.

Several equities analysts have recently commented on the company. Bank of America upped their price target on Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.00 price target on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $52.00 price target on the stock in a research note on Monday, December 25th. Finally, UBS Group upped their price target on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th.

Houlihan Lokey (NYSE:HLI) opened at $45.08 on Tuesday. The firm has a market capitalization of $3,117.76, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 1.13 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92. Houlihan Lokey has a 12 month low of $29.51 and a 12 month high of $52.81.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.08. The company had revenue of $258.90 million for the quarter, compared to analyst estimates of $240.98 million. Houlihan Lokey had a return on equity of 20.47% and a net margin of 17.25%. The firm’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. equities analysts forecast that Houlihan Lokey will post 2.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 31.62%.

Several institutional investors have recently made changes to their positions in the company. Legal & General Group Plc lifted its stake in shares of Houlihan Lokey by 12.3% in the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 570 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Houlihan Lokey by 122.9% in the 2nd 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. Advisor Group Inc. raised its holdings in shares of Houlihan Lokey by 2,125.0% in the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after buying an additional 2,720 shares during the period. American International Group Inc. raised its holdings in shares of Houlihan Lokey by 20.3% in the 3rd quarter. American International Group Inc. now owns 16,580 shares of the financial services provider’s stock valued at $649,000 after buying an additional 2,799 shares during the period. Finally, OxFORD Asset Management LLP raised its holdings in shares of Houlihan Lokey by 4.8% in the 3rd quarter. OxFORD Asset Management LLP now owns 98,705 shares of the financial services provider’s stock valued at $3,856,000 after buying an additional 4,534 shares during the period. 35.21% of the stock is currently owned by institutional investors and hedge funds.

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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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