Houlihan Lokey Inc. (HLI) Receives $26.23 Consensus Target Price from Analysts
Houlihan Lokey Inc. (NYSE:HLI) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $26.23.
Several brokerages have issued reports on HLI. Zacks Investment Research downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Sandler O’Neill downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $28.00 price objective on shares of Houlihan Lokey in a research note on Friday, September 23rd.
Several hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. bought a new stake in Houlihan Lokey during the first quarter valued at $41,781,000. RMB Capital Management LLC bought a new stake in Houlihan Lokey during the third quarter valued at $6,988,000. Macquarie Group Ltd. increased its stake in Houlihan Lokey by 42.9% in the second quarter. Macquarie Group Ltd. now owns 463,821 shares of the company’s stock valued at $10,376,000 after buying an additional 139,253 shares in the last quarter. FMR LLC bought a new stake in Houlihan Lokey during the second quarter valued at $3,033,000. Finally, Three Corner Global Investors LP increased its stake in Houlihan Lokey by 37.8% in the second quarter. Three Corner Global Investors LP now owns 332,500 shares of the company’s stock valued at $7,438,000 after buying an additional 91,200 shares in the last quarter. 99.55% of the stock is owned by hedge funds and other institutional investors.
Shares of Houlihan Lokey (NYSE:HLI) opened at 25.89 on Monday. The company has a 50 day moving average price of $24.65 and a 200 day moving average price of $24.12. Houlihan Lokey has a 1-year low of $20.96 and a 1-year high of $26.75. The stock has a market cap of $1.73 billion, a P/E ratio of 19.76 and a beta of 0.11.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Monday, December 5th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Thursday, December 1st. Houlihan Lokey’s dividend payout ratio is presently 52.31%.
About Houlihan Lokey
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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