Houlihan Lokey Inc. (NYSE:HLI) Given Consensus Recommendation of “Hold” by Brokerages
Houlihan Lokey Inc. (NYSE:HLI) has earned an average recommendation of “Hold” from the five brokerages that are covering the company. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $26.23.
Several research firms recently weighed in on HLI. Sandler O’Neill downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Zacks Investment Research downgraded shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Monday, September 12th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $28.00 target price on shares of Houlihan Lokey in a report on Friday, September 23rd.
Large investors have recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Houlihan Lokey by 42.9% in the second quarter. Macquarie Group Ltd. now owns 463,821 shares of the company’s stock worth $10,376,000 after buying an additional 139,253 shares during the last quarter. Basswood Capital Management L.L.C. raised its stake in shares of Houlihan Lokey by 19.7% in the second quarter. Basswood Capital Management L.L.C. now owns 135,508 shares of the company’s stock worth $3,031,000 after buying an additional 22,287 shares during the last quarter. Three Corner Global Investors LP raised its stake in shares of Houlihan Lokey by 37.8% in the second quarter. Three Corner Global Investors LP now owns 332,500 shares of the company’s stock worth $7,438,000 after buying an additional 91,200 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Houlihan Lokey by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 110,788 shares of the company’s stock worth $2,478,000 after buying an additional 877 shares during the last quarter. Finally, Allianz Asset Management AG raised its stake in shares of Houlihan Lokey by 4.5% in the second quarter. Allianz Asset Management AG now owns 735,174 shares of the company’s stock worth $16,446,000 after buying an additional 31,404 shares during the last quarter. Institutional investors and hedge funds own 99.02% of the company’s stock.
Shares of Houlihan Lokey (NYSE:HLI) traded up 1.56% during trading on Monday, hitting $25.34. 4,130 shares of the stock traded hands. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 22.25 and a beta of 0.04. The stock has a 50 day moving average of $24.74 and a 200 day moving average of $24.16. Houlihan Lokey has a 52-week low of $20.90 and a 52-week high of $26.75.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.04. The firm earned $181 million during the quarter, compared to the consensus estimate of $161.70 million. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. The firm’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Analysts expect that Houlihan Lokey will post $1.74 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a yield of 2.73%. Houlihan Lokey’s dividend payout ratio is presently 59.65%.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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