Houlihan Lokey, Inc. (HLI) Given Buy Rating at Keefe, Bruyette & Woods
Keefe, Bruyette & Woods restated their buy rating on shares of Houlihan Lokey, Inc. (NYSE:HLI) in a research note released on Sunday morning. The firm currently has a $40.00 price objective on the financial services provider’s stock.
A number of other analysts have also issued reports on HLI. BidaskClub upgraded Houlihan Lokey from a hold rating to a buy rating in a report on Saturday, August 26th. TheStreet upgraded Houlihan Lokey from a c rating to a b- rating in a report on Monday, August 14th. Zacks Investment Research upgraded Houlihan Lokey from a sell rating to a hold rating in a report on Monday, June 19th. UBS AG restated a buy rating and issued a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a report on Wednesday, July 26th. Finally, Bank of America Corporation lowered Houlihan Lokey from a buy rating to a neutral rating and increased their target price for the company from $36.00 to $38.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $39.40.
Houlihan Lokey (HLI) opened at 35.79 on Friday. The stock has a market capitalization of $2.39 billion, a PE ratio of 18.55 and a beta of 0.31. The stock’s 50 day moving average price is $36.38 and its 200-day moving average price is $34.16. Houlihan Lokey has a 12-month low of $23.19 and a 12-month high of $39.68.
Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. The company had revenue of $217 million during the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 earnings per share. Analysts expect that Houlihan Lokey will post $2.05 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.24%. Houlihan Lokey’s dividend payout ratio is 41.67%.
Several hedge funds have recently made changes to their positions in HLI. Alps Advisors Inc. raised its stake in shares of Houlihan Lokey by 0.3% in the second quarter. Alps Advisors Inc. now owns 14,945 shares of the financial services provider’s stock valued at $522,000 after buying an additional 39 shares in the last quarter. Victory Capital Management Inc. raised its position in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the period. American International Group Inc. raised its position in Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock valued at $259,000 after buying an additional 497 shares during the period. Legal & General Group Plc raised its position in Houlihan Lokey by 12.3% in the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after buying an additional 570 shares during the period. Finally, GSA Capital Partners LLP raised its position in Houlihan Lokey by 3.5% in the second quarter. GSA Capital Partners LLP now owns 49,601 shares of the financial services provider’s stock valued at $1,731,000 after buying an additional 1,691 shares during the period. Institutional investors and hedge funds own 32.18% of the company’s stock.
Houlihan Lokey Company Profile
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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