Goldman Sachs Group started coverage on shares of Houlihan Lokey (NYSE:HLI) in a research note issued to investors on Tuesday morning, MarketBeat reports. The brokerage issued a neutral rating and a $46.00 price objective on the financial services provider’s stock.
Other research analysts also recently issued research reports about the stock. JMP Securities raised their target price on shares of Houlihan Lokey from $55.00 to $57.00 and gave the company a market outperform rating in a research report on Friday, July 27th. Zacks Investment Research downgraded shares of Houlihan Lokey from a buy rating to a hold rating in a research report on Tuesday, July 31st. Sandler O’Neill reissued a hold rating and set a $52.00 target price on shares of Houlihan Lokey in a research report on Thursday, August 2nd. ValuEngine downgraded shares of Houlihan Lokey from a buy rating to a hold rating in a research report on Friday, September 28th. Finally, UBS Group cut their target price on shares of Houlihan Lokey from $57.00 to $55.00 and set a buy rating on the stock in a research report on Monday, October 8th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $52.00.
NYSE HLI traded down $0.77 during trading on Tuesday, reaching $41.79. 215,599 shares of the company’s stock traded hands, compared to its average volume of 269,628. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $2.78 billion, a price-to-earnings ratio of 17.49, a price-to-earnings-growth ratio of 1.30 and a beta of 0.64. Houlihan Lokey has a 12-month low of $38.85 and a 12-month high of $53.20.
Houlihan Lokey (NYSE:HLI) last posted its earnings results on Thursday, October 25th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.08. The business had revenue of $274.99 million for the quarter, compared to the consensus estimate of $239.68 million. Houlihan Lokey had a net margin of 16.97% and a return on equity of 20.55%. Equities analysts expect that Houlihan Lokey will post 2.72 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Monday, December 3rd will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, November 30th. Houlihan Lokey’s payout ratio is currently 45.19%.
In other news, major shareholder Orix Hlhz Holding Llc sold 23,484 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $48.10, for a total value of $1,129,580.40. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders sold 122,016 shares of company stock worth $5,882,778. Insiders own 80.50% of the company’s stock.
Several institutional investors have recently modified their holdings of HLI. Marshall Wace LLP acquired a new stake in Houlihan Lokey in the 2nd quarter worth approximately $1,131,000. BB&T Securities LLC boosted its stake in Houlihan Lokey by 22.2% in the 2nd quarter. BB&T Securities LLC now owns 14,637 shares of the financial services provider’s stock worth $749,000 after purchasing an additional 2,657 shares in the last quarter. Capital Fund Management S.A. acquired a new stake in Houlihan Lokey in the 2nd quarter worth approximately $246,000. Principal Financial Group Inc. boosted its stake in Houlihan Lokey by 0.7% in the 1st quarter. Principal Financial Group Inc. now owns 262,907 shares of the financial services provider’s stock worth $11,725,000 after purchasing an additional 1,874 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in Houlihan Lokey by 31.5% in the 2nd quarter. California Public Employees Retirement System now owns 42,402 shares of the financial services provider’s stock worth $2,172,000 after purchasing an additional 10,147 shares in the last quarter. 51.25% of the stock is currently owned by hedge funds and other institutional investors.
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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