Houlihan Lokey, Inc. (NYSE:HLI) Receives $166.38 Consensus Price Target from Analysts

Houlihan Lokey, Inc. (NYSE:HLI) has been assigned an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $166.3750.

Several equities analysts recently commented on the company. Wall Street Zen downgraded Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. UBS Group lowered their target price on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group reduced their target price on Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, July 30th.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $140.15, for a total transaction of $140,150.00. Following the sale, the general counsel owned 1,000 shares of the company’s stock, valued at $140,150. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Houlihan Lokey

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Core Wealth Advisors LLC acquired a new position in Houlihan Lokey in the fourth quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in Houlihan Lokey during the 4th quarter worth $33,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of Houlihan Lokey by 103.4% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 120 shares during the last quarter. Harbor Investment Advisory LLC bought a new stake in shares of Houlihan Lokey during the 2nd quarter valued at $55,000. Finally, Versant Capital Management Inc lifted its stake in shares of Houlihan Lokey by 91.0% in the 2nd quarter. Versant Capital Management Inc now owns 510 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 243 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

HLI opened at $130.65 on Monday. Houlihan Lokey has a fifty-two week low of $112.83 and a fifty-two week high of $211.78. The company has a market capitalization of $9.02 billion, a P/E ratio of 21.96, a P/E/G ratio of 1.50 and a beta of 0.96. The firm’s fifty day moving average price is $133.10 and its two-hundred day moving average price is $141.37.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period last year, the company earned $2.14 EPS. On average, equities research analysts expect that Houlihan Lokey will post 6.93 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Houlihan Lokey’s payout ratio is currently 47.06%.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.

The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.

Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.