Zacks Investment Research upgraded shares of Houlihan Lokey, Inc. (NYSE:HLI) from a sell rating to a buy rating in a report published on Friday morning. They currently have $37.00 target price on the stock.
According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States. “
Separately, Bank of America Corporation reaffirmed a buy rating on shares of Houlihan Lokey in a research note on Wednesday, December 14th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $30.33.
Shares of Houlihan Lokey (NYSE:HLI) opened at 29.70 on Friday. The stock has a market capitalization of $1.98 billion, a P/E ratio of 20.37 and a beta of 0.38. Houlihan Lokey has a 1-year low of $20.96 and a 1-year high of $34.66. The company has a 50 day moving average price of $31.17 and a 200-day moving average price of $27.00.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, February 1st. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.07. The firm earned $248 million during the quarter, compared to analyst estimates of $225.36 million. Houlihan Lokey had a return on equity of 16.90% and a net margin of 12.15%. The firm’s quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. On average, equities research analysts forecast that Houlihan Lokey will post $1.77 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be paid a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.17. This represents a $0.80 annualized dividend and a dividend yield of 2.69%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.58%.
Several large investors have recently added to or reduced their stakes in HLI. Wells Fargo & Company MN raised its stake in Houlihan Lokey by 18.8% in the third quarter. Wells Fargo & Company MN now owns 4,198 shares of the company’s stock valued at $105,000 after buying an additional 665 shares in the last quarter. Victory Capital Management Inc. bought a new stake in Houlihan Lokey during the third quarter valued at $108,000. Strs Ohio raised its stake in Houlihan Lokey by 74.4% in the third quarter. Strs Ohio now owns 6,800 shares of the company’s stock valued at $170,000 after buying an additional 2,900 shares in the last quarter. Gradient Investments LLC raised its stake in Houlihan Lokey by 1.7% in the third quarter. Gradient Investments LLC now owns 13,503 shares of the company’s stock valued at $338,000 after buying an additional 221 shares in the last quarter. Finally, SECOR Capital Advisors LP bought a new stake in Houlihan Lokey during the third quarter valued at $477,000. 97.09% of the stock is owned by institutional investors and hedge funds.
About Houlihan Lokey
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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