Houlihan Lokey Inc. (NYSE:HLI)‘s stock had its “outperform” rating restated by equities research analysts at Keefe, Bruyette & Woods in a research report issued on Friday. They presently have a $28.00 target price on the stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 16.47% from the company’s current price.
Several other brokerages also recently issued reports on HLI. Sandler O’Neill downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Houlihan Lokey currently has an average rating of “Hold” and an average price target of $26.67.
Shares of Houlihan Lokey (NYSE:HLI) opened at 24.04 on Friday. The company has a 50-day moving average price of $24.88 and a 200 day moving average price of $24.14. The stock has a market capitalization of $1.60 billion and a P/E ratio of 21.11. Houlihan Lokey has a 52 week low of $20.71 and a 52 week high of $26.75.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.04. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. The firm earned $181 million during the quarter, compared to the consensus estimate of $161.70 million. During the same quarter in the previous year, the company posted $0.28 EPS. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. Analysts forecast that Houlihan Lokey will post $1.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.83%. Houlihan Lokey’s payout ratio is currently 59.65%.
Large investors have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC increased its stake in Houlihan Lokey by 10.0% in the second quarter. BlackRock Investment Management LLC now owns 47,456 shares of the company’s stock worth $1,062,000 after buying an additional 4,314 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Houlihan Lokey by 6.4% in the second quarter. Vanguard Group Inc. now owns 797,905 shares of the company’s stock worth $17,849,000 after buying an additional 47,913 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Houlihan Lokey by 4.8% in the second quarter. JPMorgan Chase & Co. now owns 83,562 shares of the company’s stock worth $1,869,000 after buying an additional 3,848 shares during the period. 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 period. Finally, Emerald Acquisition Ltd. bought a new stake in shares of Houlihan Lokey during the second quarter worth approximately $693,000. Institutional investors own 99.02% of the company’s stock.
Houlihan Lokey Company Profile
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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