Houlihan Lokey (HLI) Earns “Buy” Rating from Keefe, Bruyette & Woods
Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Houlihan Lokey (NYSE:HLI) in a report released on Friday morning. Keefe, Bruyette & Woods currently has a $49.00 price target on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on HLI. BidaskClub upgraded Houlihan Lokey from a hold rating to a buy rating in a research note on Saturday, August 26th. JPMorgan Chase & Co. started coverage on Houlihan Lokey in a research note on Tuesday, September 12th. They issued an overweight rating and a $42.00 target price for the company. ValuEngine upgraded Houlihan Lokey from a hold rating to a buy rating in a research note on Friday, September 15th. Zacks Investment Research upgraded Houlihan Lokey from a hold rating to a strong-buy rating and set a $45.00 target price for the company in a research note on Thursday, October 12th. Finally, UBS Group increased their target price on Houlihan Lokey from $44.00 to $47.00 and gave the company a buy rating in a research note on Wednesday, October 25th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $45.00.
Houlihan Lokey (NYSE HLI) opened at $45.84 on Friday. The company has a market capitalization of $3,020.00 and a PE ratio of 21.73. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey has a twelve month low of $29.51 and a twelve month high of $46.99.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were paid a $0.20 dividend. The ex-dividend date was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 37.91%.
In other Houlihan Lokey news, Chairman Irwin Gold sold 6,533 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $271,968.79. Following the completion of the sale, the chairman now owns 6,533 shares in the company, valued at approximately $271,968.79. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Scott L. Beiser sold 63,688 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $41.63, for a total value of $2,651,331.44. Following the sale, the chief executive officer now owns 78,108 shares of the company’s stock, valued at approximately $3,251,636.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,120,627 shares of company stock valued at $88,281,702. Insiders own 69.70% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. grew its stake in Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Houlihan Lokey during the 2nd quarter valued at approximately $105,000. Tower Research Capital LLC TRC grew its stake in Houlihan Lokey by 122.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,371 shares in the last quarter. Legal & General Group Plc grew its stake in Houlihan Lokey by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 570 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in Houlihan Lokey by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 808 shares in the last quarter. Hedge funds and other institutional investors own 34.61% of the company’s stock.
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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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