Houlihan Lokey (HLI) Receives Consensus Recommendation of “Buy” from Brokerages
Houlihan Lokey (NYSE:HLI) has received an average rating of “Buy” from the nine analysts that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $51.33.
A number of research firms have weighed in on HLI. Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Bank of America boosted their price objective on shares of Houlihan Lokey from $50.00 to $55.00 and gave the company a “neutral” rating in a research report on Tuesday, June 26th. ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. Finally, Buckingham Research began coverage on shares of Houlihan Lokey in a research report on Thursday, April 5th. They set a “buy” rating and a $54.00 price objective on the stock.
In other news, insider J Lindsey Alley sold 13,895 shares of the business’s stock in a transaction on Monday, June 4th. The shares were sold at an average price of $49.11, for a total transaction of $682,383.45. Following the completion of the sale, the insider now directly owns 13,895 shares of the company’s stock, valued at $682,383.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Orix Hlhz Holding Llc sold 218,000 shares of the business’s stock in a transaction on Friday, May 18th. The shares were sold at an average price of $4,395,050.00, for a total transaction of $958,120,900,000.00. The disclosure for this sale can be found here. Insiders have sold 2,940,840 shares of company stock valued at $989,723,085,872 over the last three months. Insiders own 69.70% of the company’s stock.
Houlihan Lokey traded down $0.23, reaching $50.65, during mid-day trading on Friday, Marketbeat reports. 12,237 shares of the stock traded hands, compared to its average volume of 339,063. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a one year low of $34.41 and a one year high of $52.86. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 1.29 and a beta of 0.60.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, May 9th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.07. Houlihan Lokey had a net margin of 17.88% and a return on equity of 19.69%. The business had revenue of $244.75 million for the quarter, compared to analysts’ expectations of $236.68 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year. equities research analysts expect that Houlihan Lokey will post 2.71 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Monday, June 4th were paid a dividend of $0.27 per share. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.20. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Friday, June 1st. Houlihan Lokey’s payout ratio is currently 45.19%.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides mergers and acquisitions (M&A), financings, financial restructurings, and financial advisory services in the United States, Canada, Europe, Asia, Australia, the Middle East, Latin America, and Africa. Its Corporate Finance segment offers general financial advisory services on M&A and capital markets offerings; 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; and advises financial sponsors on various transactions.
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