UBS AG reiterated their buy rating on shares of Houlihan Lokey, Inc. (NYSE:HLI) in a research note released on Wednesday, www.benzinga.com reports. They currently have a $42.00 price objective on the financial services provider’s stock, up from their previous price objective of $40.00.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a buy rating and set a $38.00 price objective on shares of Houlihan Lokey in a research report on Wednesday, June 14th. BidaskClub lowered Houlihan Lokey from a strong-buy rating to a buy rating in a research report on Tuesday, July 25th. Bank of America Corporation lowered Houlihan Lokey from a buy rating to a neutral rating and raised their price objective for the company from $36.00 to $38.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. JMP Securities reissued an outperform rating and set a $36.00 price objective (up previously from $34.00) on shares of Houlihan Lokey in a research report on Friday, April 7th. Finally, Zacks Investment Research lowered Houlihan Lokey from a buy rating to a hold rating in a research report on Wednesday, April 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Houlihan Lokey presently has an average rating of Buy and a consensus target price of $39.40.

Shares of Houlihan Lokey (NYSE HLI) traded down 1.43% during mid-day trading on Wednesday, reaching $37.14. 174,407 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $35.76 and a 200 day moving average of $33.51. The firm has a market capitalization of $2.49 billion, a P/E ratio of 19.25 and a beta of 0.30. Houlihan Lokey has a one year low of $22.61 and a one year high of $39.68.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $217 million during the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a return on equity of 18.94% and a net margin of 14.10%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. On average, analysts forecast that Houlihan Lokey will post $2.05 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.15%. Houlihan Lokey’s payout ratio is presently 41.67%.

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of 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 valued at $158,000 after buying an additional 381 shares during the last quarter. American International Group Inc. increased its position in shares of Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock valued at $259,000 after buying an additional 497 shares during the last quarter. Legal & General Group Plc increased its position in shares of 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 valued at $159,000 after buying an additional 1,270 shares during the last quarter. Highbridge Capital Management LLC increased its position in shares of Houlihan Lokey by 9.8% in the first quarter. Highbridge Capital Management LLC now owns 29,464 shares of the financial services provider’s stock valued at $1,015,000 after buying an additional 2,640 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Houlihan Lokey during the first quarter valued at $182,000. Hedge funds and other institutional investors own 32.65% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.

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