Keefe, Bruyette & Woods Reaffirms Buy Rating for Houlihan Lokey, Inc. (HLI)
Keefe, Bruyette & Woods reissued their buy rating on shares of Houlihan Lokey, Inc. (NYSE:HLI) in a research note issued to investors on Sunday morning. The firm currently has a $40.00 price objective on the financial services provider’s stock.
Several other equities analysts also recently commented on HLI. Bank of America Corporation downgraded shares of Houlihan Lokey from a buy rating to a neutral rating and upped their price target for the company from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Houlihan Lokey from a sell rating to a hold rating in a research report on Monday, June 19th. BidaskClub cut shares of Houlihan Lokey from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. UBS AG reaffirmed a buy rating and set a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Finally, TheStreet raised shares of Houlihan Lokey from a c rating to a b- rating in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Houlihan Lokey has a consensus rating of Buy and an average target price of $39.40.
Shares of Houlihan Lokey (NYSE HLI) opened at 35.67 on Friday. Houlihan Lokey has a 52 week low of $23.19 and a 52 week high of $39.68. The stock has a 50 day moving average of $36.38 and a 200-day moving average of $34.16. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 18.49 and a beta of 0.31.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217 million for the quarter, compared to the consensus estimate of $203.21 million. During the same period in the prior year, the company posted $0.35 earnings per share. Houlihan Lokey’s revenue was up 19.9% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey will post $2.05 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.24%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 41.67%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Houlihan Lokey during the second quarter worth approximately $105,000. Tower Research Capital LLC TRC boosted its position in Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,371 shares during the period. Victory Capital Management Inc. boosted its position in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after buying an additional 381 shares during the period. Legal & General Group Plc boosted its position in Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,270 shares during the period. Finally, O Shaughnessy Asset Management LLC bought a new position in Houlihan Lokey during the first quarter worth approximately $182,000. 32.18% of the stock is owned by hedge funds and other institutional investors.
Houlihan Lokey Company Profile
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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