Houlihan Lokey, Inc. (HLI) Lifted to Buy at BidaskClub
BidaskClub upgraded shares of Houlihan Lokey, Inc. (NYSE:HLI) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.
A number of other equities research analysts have also weighed in on HLI. TheStreet raised shares of Houlihan Lokey from a c rating to a b- rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $38.00 target price on shares of Houlihan Lokey in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Houlihan Lokey from a sell rating to a hold rating in a research note on Monday, June 19th. UBS AG reaffirmed a buy rating and set a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Finally, Bank of America Corporation lowered shares of Houlihan Lokey from a buy rating to a neutral rating and boosted their price objective for the stock from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Houlihan Lokey currently has a consensus rating of Buy and a consensus price target of $39.40.
Houlihan Lokey (NYSE:HLI) opened at 36.14 on Friday. Houlihan Lokey has a 12-month low of $23.19 and a 12-month high of $39.68. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 18.74 and a beta of 0.31. The firm’s 50-day moving average price is $36.38 and its 200 day moving average price is $34.16.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The firm had revenue of $217 million for the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.35 EPS. On average, analysts expect that Houlihan Lokey will post $2.05 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.21%. The ex-dividend date is Wednesday, August 30th. Houlihan Lokey’s payout ratio is currently 41.67%.
A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Houlihan Lokey by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock valued at $58,003,000 after buying an additional 58,257 shares during the last quarter. Royce & Associates LP raised its stake in Houlihan Lokey by 32.0% in the first quarter. Royce & Associates LP now owns 1,628,848 shares of the financial services provider’s stock valued at $56,114,000 after buying an additional 395,001 shares during the last quarter. Ariel Investments LLC raised its stake in Houlihan Lokey by 49.9% in the first quarter. Ariel Investments LLC now owns 1,566,735 shares of the financial services provider’s stock valued at $53,974,000 after buying an additional 521,765 shares during the last quarter. Neuberger Berman Group LLC raised its stake in Houlihan Lokey by 122.1% in the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock valued at $41,645,000 after buying an additional 655,940 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in Houlihan Lokey by 37.9% in the first quarter. Alliancebernstein L.P. now owns 960,905 shares of the financial services provider’s stock valued at $33,103,000 after buying an additional 264,142 shares during the last quarter. 32.18% of the stock is currently owned by institutional investors and hedge funds.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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