Shares of Houlihan Lokey, Inc. (NYSE:HLI) have received an average recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $39.00.
Several brokerages have recently weighed in on HLI. BidaskClub downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $38.00 target price on shares of Houlihan Lokey in a research note on Wednesday, June 14th. Bank of America Corporation downgraded shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and increased their target price for the stock from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. Finally, UBS AG reiterated a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th.
Houlihan Lokey (NYSE HLI) traded up 1.247% during midday trading on Friday, hitting $35.315. The company had a trading volume of 89,331 shares. The stock has a 50 day moving average price of $36.19 and a 200 day moving average price of $33.85. The company has a market capitalization of $2.36 billion, a P/E ratio of 18.307 and a beta of 0.31. Houlihan Lokey has a 52 week low of $23.19 and a 52 week high of $39.68.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217 million during the quarter, compared to the consensus estimate of $203.21 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities analysts forecast that Houlihan Lokey will post $2.05 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, August 30th. This represents a $0.80 annualized dividend and a yield of 2.29%. Houlihan Lokey’s dividend payout ratio is currently 41.67%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HLI. State Street Corp boosted its position in shares of Houlihan Lokey by 9.3% in the fourth quarter. State Street Corp now owns 185,431 shares of the financial services provider’s stock worth $5,773,000 after buying an additional 15,820 shares during the period. FMR LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $3,733,000. Renaissance Technologies LLC boosted its position in shares of Houlihan Lokey by 574.5% in the fourth quarter. Renaissance Technologies LLC now owns 192,900 shares of the financial services provider’s stock worth $6,003,000 after buying an additional 164,300 shares during the period. Teachers Advisors LLC boosted its position in shares of Houlihan Lokey by 31.2% in the fourth quarter. Teachers Advisors LLC now owns 25,242 shares of the financial services provider’s stock worth $786,000 after buying an additional 6,000 shares during the period. Finally, Highbridge Capital Management LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $835,000. 32.12% of the stock is owned by hedge funds and other institutional investors.
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About Houlihan Lokey
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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