Shares of Houlihan Lokey Inc (NYSE:HLI) have been assigned a consensus recommendation of “Buy” from the eight research firms that are currently covering the firm, reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $52.83.

A number of equities research analysts recently weighed in on HLI shares. Zacks Investment Research lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Sandler O’Neill reiterated a “hold” rating and set a $52.00 price objective on shares of Houlihan Lokey in a report on Thursday, August 2nd. Bank of America lifted their price objective on shares of Houlihan Lokey from $50.00 to $55.00 and gave the company a “neutral” rating in a report on Tuesday, June 26th. Finally, JMP Securities lifted their price objective on shares of Houlihan Lokey from $55.00 to $57.00 and gave the company a “market outperform” rating in a report on Friday, July 27th.

In related news, major shareholder Orix Hlhz Holding Llc sold 12,978 shares of Houlihan Lokey stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $48.02, for a total transaction of $623,203.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 869,153 shares of company stock valued at $42,081,369 in the last quarter. 80.50% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in shares of Houlihan Lokey in the 1st quarter valued at about $109,000. Hartford Investment Management Co. bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $216,000. Envestnet Asset Management Inc. raised its holdings in shares of Houlihan Lokey by 72.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,529 shares of the financial services provider’s stock valued at $202,000 after purchasing an additional 1,905 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth approximately $233,000. Finally, Capital Fund Management S.A. purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth approximately $246,000. Institutional investors and hedge funds own 51.65% of the company’s stock.

Shares of Houlihan Lokey stock traded down $0.62 during trading on Wednesday, hitting $45.49. The stock had a trading volume of 293,700 shares, compared to its average volume of 275,040. Houlihan Lokey has a 12 month low of $37.76 and a 12 month high of $53.20. The firm has a market capitalization of $3.04 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 1.12 and a beta of 0.46. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, July 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.05). Houlihan Lokey had a net margin of 16.85% and a return on equity of 19.74%. The company had revenue of $220.00 million for the quarter, compared to the consensus estimate of $230.85 million. During the same quarter in the previous year, the business earned $0.50 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. sell-side analysts predict that Houlihan Lokey will post 2.68 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Monday, September 3rd were issued a dividend of $0.27 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.08 dividend on an annualized basis and a yield of 2.37%. Houlihan Lokey’s payout ratio is 45.19%.

About Houlihan Lokey

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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Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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