JMP Securities Reiterates Market Perform Rating for Houlihan Lokey (NYSE:HLI)

JMP Securities reiterated their market perform rating on shares of Houlihan Lokey (NYSE:HLI) in a report issued on Wednesday morning,Benzinga reports.

A number of other analysts have also weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research note on Monday, January 13th. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday. Wells Fargo & Company raised their target price on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday. Finally, Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Price Performance

HLI opened at $181.92 on Wednesday. The stock’s 50 day moving average price is $178.78 and its 200 day moving average price is $167.04. The stock has a market cap of $12.64 billion, a P/E ratio of 34.72 and a beta of 0.69. Houlihan Lokey has a 12 month low of $119.28 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. Equities analysts anticipate that Houlihan Lokey will post 5.84 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

Institutional Trading of Houlihan Lokey

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. increased its position in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 95 shares in the last quarter. Venturi Wealth Management LLC grew its position in Houlihan Lokey by 1,298.1% during the 4th quarter. Venturi Wealth Management LLC now owns 727 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 675 shares in the last quarter. CIBC Asset Management Inc grew its position in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 77 shares in the last quarter. Monument Capital Management raised its stake in Houlihan Lokey by 3.5% during the 4th quarter. Monument Capital Management now owns 16,861 shares of the financial services provider’s stock valued at $2,928,000 after purchasing an additional 577 shares during the period. Finally, Vista Finance LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at $348,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Houlihan Lokey

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.