Shares of Houlihan Lokey (NYSE:HLI) have been given a consensus rating of “Buy” by the nine analysts that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $45.80.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday, January 12th. Bank of America raised their price target on shares of Houlihan Lokey from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $52.00 price target on shares of Houlihan Lokey in a research report on Thursday, January 11th.
Shares of HLI traded down $1.05 during trading hours on Wednesday, reaching $43.55. 111,925 shares of the stock traded hands, compared to its average volume of 288,210. The company has a debt-to-equity ratio of 0.01, a current ratio of 0.77 and a quick ratio of 0.77. Houlihan Lokey has a 52 week low of $32.08 and a 52 week high of $52.81. The firm has a market capitalization of $2,938.20, a P/E ratio of 23.60, a PEG ratio of 1.07 and a beta of 0.57.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.03%. The company had revenue of $258.90 million for the quarter, compared to analyst estimates of $240.98 million. During the same period last year, the firm earned $0.57 earnings per share. The firm’s revenue was up 4.5% on a year-over-year basis. equities research analysts expect that Houlihan Lokey will post 2.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend was Thursday, March 1st. Houlihan Lokey’s dividend payout ratio is 42.33%.
In other Houlihan Lokey news, CEO Scott L. Beiser sold 14,434 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $46.75, for a total value of $674,789.50. Following the sale, the chief executive officer now owns 14,434 shares of the company’s stock, valued at $674,789.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 4,599 shares of Houlihan Lokey stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $46.75, for a total transaction of $215,003.25. Following the completion of the sale, the general counsel now directly owns 4,599 shares in the company, valued at approximately $215,003.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 76,042 shares of company stock worth $3,554,964. Insiders own 69.70% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. ORIX USA Corp purchased a new position in shares of Houlihan Lokey in the fourth quarter worth about $19,909,000. Allianz Asset Management GmbH increased its stake in shares of Houlihan Lokey by 0.5% in the fourth quarter. Allianz Asset Management GmbH now owns 664,394 shares of the financial services provider’s stock worth $30,183,000 after purchasing an additional 3,217 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Houlihan Lokey by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock worth $29,884,000 after purchasing an additional 8,764 shares in the last quarter. Bowling Portfolio Management LLC increased its stake in shares of Houlihan Lokey by 29.2% in the fourth quarter. Bowling Portfolio Management LLC now owns 47,042 shares of the financial services provider’s stock worth $2,137,000 after purchasing an additional 10,643 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Houlihan Lokey by 11.2% in the third quarter. Bank of New York Mellon Corp now owns 153,154 shares of the financial services provider’s stock worth $5,992,000 after purchasing an additional 15,395 shares in the last quarter. Hedge funds and other institutional investors own 40.66% of the company’s stock.
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About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions; and advises financial sponsors on various transactions.
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