Zacks Investment Research downgraded shares of Houlihan Lokey Inc. (NYSE:HLI) from a hold rating to a sell rating in a report issued on Monday morning.

According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States. “

Separately, Sandler O’Neill cut Houlihan Lokey from a buy rating to a hold rating in a research note on Thursday, August 18th.

Shares of Houlihan Lokey (NYSE:HLI) opened at 24.38 on Monday. The firm’s 50-day moving average is $24.81 and its 200-day moving average is $24.13. Houlihan Lokey has a 1-year low of $20.70 and a 1-year high of $26.75. The firm has a market cap of $1.63 billion and a P/E ratio of 21.40.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. The firm earned $181 million during the quarter, compared to the consensus estimate of $161.70 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 24.0% on a year-over-year basis. On average, analysts anticipate that Houlihan Lokey will post $1.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, August 31st. Houlihan Lokey’s dividend payout ratio is currently 59.65%.

Large investors have recently made changes to their positions in the company. American International Group Inc. boosted its stake in shares of Houlihan Lokey by 0.9% in the second quarter. American International Group Inc. now owns 7,024 shares of the company’s stock worth $157,000 after buying an additional 63 shares in the last quarter. Gradient Investments LLC acquired a new stake in Houlihan Lokey during the second quarter worth $297,000. Teachers Advisors Inc. boosted its stake in Houlihan Lokey by 61.4% in the second quarter. Teachers Advisors Inc. now owns 19,242 shares of the company’s stock worth $430,000 after buying an additional 7,317 shares during the period. GSA Capital Partners LLP boosted its stake in Houlihan Lokey by 19.7% in the second quarter. GSA Capital Partners LLP now owns 29,767 shares of the company’s stock worth $666,000 after buying an additional 4,900 shares during the period. Finally, Emerald Acquisition Ltd. acquired a new stake in Houlihan Lokey during the second quarter worth $693,000. Institutional investors own 99.02% of the company’s stock.

Houlihan Lokey Company Profile

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.

5 Day Chart for NYSE:HLI

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