Houlihan Lokey (NYSE:HLI) had its target price decreased by Buckingham Research from $53.00 to $51.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. Buckingham Research currently has a buy rating on the financial services provider’s stock.
Several other equities analysts have also recently weighed in on HLI. Goldman Sachs Group reaffirmed a sell rating and set a $45.00 price target on shares of Intel in a research note on Wednesday, April 3rd. JMP Securities decreased their price target on shares of BioCryst Pharmaceuticals from $18.00 to $10.00 and set an outperform rating for the company in a research note on Thursday, May 23rd. ValuEngine cut shares of Intersect ENT from a buy rating to a hold rating in a research note on Monday, July 8th. Finally, Zacks Investment Research cut shares of ExlService from a hold rating to a sell rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $50.08.
Shares of HLI opened at $43.45 on Thursday. The company has a market cap of $2.88 billion, a PE ratio of 15.09, a P/E/G ratio of 1.16 and a beta of 0.96. Houlihan Lokey has a twelve month low of $34.31 and a twelve month high of $53.20. The business’s 50 day simple moving average is $45.26. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.01.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.17. The company had revenue of $291.40 million during the quarter, compared to analysts’ expectations of $266.26 million. Houlihan Lokey had a net margin of 14.67% and a return on equity of 22.31%. The business’s quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the business earned $0.65 EPS. Equities research analysts forecast that Houlihan Lokey will post 2.99 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Monday, June 3rd were paid a $0.31 dividend. The ex-dividend date was Friday, May 31st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.21%.
In related news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of the firm’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $45.52, for a total value of $136,560,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 80.50% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. bought a new position in shares of Houlihan Lokey in the fourth quarter valued at $3,390,000. Pier Capital LLC bought a new position in shares of Houlihan Lokey in the first quarter valued at $8,518,000. Natixis Advisors L.P. grew its stake in shares of Houlihan Lokey by 17.8% in the fourth quarter. Natixis Advisors L.P. now owns 163,361 shares of the financial services provider’s stock valued at $6,011,000 after buying an additional 24,682 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Houlihan Lokey by 11.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 427,863 shares of the financial services provider’s stock valued at $15,746,000 after buying an additional 44,053 shares in the last quarter. Finally, Tibra Equities Europe Ltd bought a new position in shares of Houlihan Lokey in the first quarter valued at $477,000. 58.04% of the stock is owned by institutional investors and hedge funds.
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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