Zacks Investment Research upgraded shares of Houlihan Lokey, Inc. (NYSE:HLI) from a sell rating to a hold rating in a report issued on Monday, July 3rd.
According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States. “
Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $38.00 price objective on shares of Houlihan Lokey in a report on Wednesday, June 14th. Bank of America Corporation lowered shares of Houlihan Lokey from a buy rating to a neutral rating and raised their price target for the company from $36.00 to $38.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities reissued an outperform rating and issued a $36.00 price target (up previously from $34.00) on shares of Houlihan Lokey in a report on Friday, April 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Houlihan Lokey currently has a consensus rating of Buy and a consensus target price of $39.40.
Shares of Houlihan Lokey (NYSE HLI) traded down 1.43% during midday trading on Monday, reaching $37.14. The company’s stock had a trading volume of 174,407 shares. The firm has a market capitalization of $868.41 million, a price-to-earnings ratio of 22.79 and a beta of 0.30. The firm’s 50 day moving average is $35.76 and its 200 day moving average is $33.51. Houlihan Lokey has a 52 week low of $22.61 and a 52 week high of $39.68.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.94%. The firm had revenue of $217 million during the quarter, compared to analyst estimates of $203.21 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities analysts forecast that Houlihan Lokey will post $2.05 EPS for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.15%. Houlihan Lokey’s dividend payout ratio is 41.67%.
Several institutional investors have recently made changes to their positions in HLI. Royce & Associates LP boosted its position in shares of Houlihan Lokey by 32.0% in the first quarter. Royce & Associates LP now owns 1,628,848 shares of the financial services provider’s stock worth $56,114,000 after buying an additional 395,001 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Houlihan Lokey by 75.5% in the first quarter. Vanguard Group Inc. now owns 1,603,729 shares of the financial services provider’s stock worth $55,249,000 after buying an additional 690,029 shares during the last quarter. Ariel Investments LLC raised its stake in shares of Houlihan Lokey by 49.9% in the first quarter. Ariel Investments LLC now owns 1,566,735 shares of the financial services provider’s stock worth $53,974,000 after buying an additional 521,765 shares during the last quarter. Alliancebernstein L.P. raised its stake in shares of Houlihan Lokey by 37.9% in the first quarter. Alliancebernstein L.P. now owns 960,905 shares of the financial services provider’s stock worth $33,103,000 after buying an additional 264,142 shares during the last quarter. Finally, Thrivent Financial For Lutherans raised its stake in shares of Houlihan Lokey by 23.2% in the first quarter. Thrivent Financial For Lutherans now owns 656,819 shares of the financial services provider’s stock worth $22,628,000 after buying an additional 123,769 shares during the last quarter. 32.65% of the stock is currently owned by institutional investors.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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