Houlihan Lokey, Inc. (NYSE:HLI) Receives $157.00 Average PT from Brokerages

Shares of Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) have received a consensus rating of "Hold" from the six research firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $157.00.

Several research analysts have recently issued reports on HLI shares. Morgan Stanley upped their price target on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a report on Monday, September 23rd. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective for the company. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Finally, UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th.

Houlihan Lokey Price Performance

HLI traded up $2.14 during trading on Friday, hitting $185.74. 226,147 shares of the stock traded hands, compared to its average volume of 323,466. The business has a 50 day moving average price of $162.90 and a 200 day moving average price of $147.08. Houlihan Lokey has a twelve month low of $100.92 and a twelve month high of $189.17. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 37.55 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analysts' expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business's revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.11 earnings per share. On average, equities research analysts predict that Houlihan Lokey will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. Houlihan Lokey's dividend payout ratio (DPR) is currently 46.63%.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the sale, the director now owns 7,001 shares in the company, valued at $1,067,582.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Insiders have sold 9,917 shares of company stock valued at $1,513,129 in the last ninety days. 23.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HLI. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the second quarter worth $26,000. Crewe Advisors LLC grew its stake in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after acquiring an additional 164 shares in the last quarter. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey in the third quarter valued at about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in Houlihan Lokey during the second quarter worth about $38,000. Finally, First Horizon Advisors Inc. grew its position in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after purchasing an additional 198 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.