Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) has earned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $150.25.
A number of research analysts have recently issued reports on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday. UBS Group lifted their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Morgan Stanley raised their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd.
Check Out Our Latest Stock Report on Houlihan Lokey
Houlihan Lokey Stock Performance
Houlihan Lokey (NYSE:HLI – Get Free Report) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.89 EPS. On average, equities analysts anticipate that Houlihan Lokey will post 5.63 earnings per share for the current fiscal year.
Houlihan Lokey Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be given a $0.57 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $2.28 annualized dividend and a yield of 1.52%. Houlihan Lokey’s dividend payout ratio is presently 55.47%.
Insider Activity
In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. Company insiders own 25.97% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in HLI. Quantbot Technologies LP grew its position in Houlihan Lokey by 624.8% during the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 6,267 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock valued at $654,300,000 after purchasing an additional 29,843 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Houlihan Lokey by 5.5% in the first quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock valued at $93,723,000 after purchasing an additional 37,882 shares during the period. Eagle Asset Management Inc. increased its stake in Houlihan Lokey by 11.7% in the 4th quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider’s stock valued at $14,205,000 after buying an additional 12,419 shares during the period. Finally, Yousif Capital Management LLC purchased a new position in Houlihan Lokey during the fourth quarter worth about $2,960,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.
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