Shares of Houlihan Lokey Inc. (NYSE:HLI) have received an average recommendation of “Hold” from the five research firms that are covering the firm. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $26.23.
A number of brokerages recently commented on HLI. Sandler O’Neill downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Zacks Investment Research cut Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Monday, September 12th. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $28.00 price objective on shares of Houlihan Lokey in a research note on Friday, September 23rd.
Shares of Houlihan Lokey (NYSE:HLI) opened at 24.99 on Monday. The company has a 50 day moving average price of $24.72 and a 200-day moving average price of $24.17. The stock has a market capitalization of $1.67 billion, a P/E ratio of 21.94 and a beta of 0.04. Houlihan Lokey has a 1-year low of $20.90 and a 1-year high of $26.75.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm earned $181 million during the quarter, compared to the consensus estimate of $161.70 million. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. Houlihan Lokey’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.28 earnings per share. On average, equities research analysts forecast that Houlihan Lokey will post $1.74 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, August 31st. Houlihan Lokey’s payout ratio is currently 59.65%.
A number of hedge funds have recently made changes to their positions in the stock. American International Group Inc. boosted its stake in shares of Houlihan Lokey by 0.9% in the second quarter. American International Group Inc. now owns 7,024 shares of the company’s stock worth $157,000 after buying an additional 63 shares during the last quarter. Gradient Investments LLC bought a new stake in shares of Houlihan Lokey during the second quarter worth $297,000. Teachers Advisors Inc. boosted its stake in shares of Houlihan Lokey by 61.4% in the second quarter. Teachers Advisors Inc. now owns 19,242 shares of the company’s stock worth $430,000 after buying an additional 7,317 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Houlihan Lokey by 19.7% in the second quarter. GSA Capital Partners LLP now owns 29,767 shares of the company’s stock worth $666,000 after buying an additional 4,900 shares during the last quarter. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Houlihan Lokey during the second quarter worth $693,000. Hedge funds and other institutional investors own 99.02% of the company’s stock.
About Houlihan Lokey
Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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