Shares of Houlihan Lokey Inc (NYSE:HLI) have earned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $52.00.
Several brokerages have commented on HLI. Zacks Investment Research lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Monday, September 17th. ValuEngine downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. UBS Group reduced their target price on shares of Houlihan Lokey from $57.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, October 8th. Finally, Goldman Sachs Group initiated coverage on shares of Houlihan Lokey in a research report on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 target price on the stock.
NYSE HLI traded down $0.85 during trading on Monday, hitting $39.90. The company had a trading volume of 245,452 shares, compared to its average volume of 211,880. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a one year low of $38.85 and a one year high of $53.20. The firm has a market capitalization of $2.68 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 1.26 and a beta of 0.64.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 25th. The financial services provider reported $0.70 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.08. Houlihan Lokey had a net margin of 16.97% and a return on equity of 20.55%. The business had revenue of $274.99 million during the quarter, compared to analyst estimates of $239.68 million. On average, sell-side analysts predict that Houlihan Lokey will post 2.72 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Monday, December 3rd will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 2.71%. The ex-dividend date is Friday, November 30th. Houlihan Lokey’s dividend payout ratio (DPR) is 45.19%.
A number of hedge funds have recently made changes to their positions in HLI. Royal Bank of Canada grew its position in Houlihan Lokey by 126.5% during the 1st quarter. Royal Bank of Canada now owns 11,391 shares of the financial services provider’s stock valued at $507,000 after purchasing an additional 6,362 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Houlihan Lokey by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 262,907 shares of the financial services provider’s stock valued at $11,725,000 after acquiring an additional 1,874 shares during the period. Xact Kapitalforvaltning AB bought a new position in Houlihan Lokey during the 2nd quarter valued at about $249,000. Bank of Montreal Can bought a new position in Houlihan Lokey during the 2nd quarter valued at about $3,870,000. Finally, Amalgamated Bank bought a new position in Houlihan Lokey during the 2nd quarter valued at about $233,000. 52.19% of the stock is currently owned by institutional investors.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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