Houlihan Lokey, Inc. (NYSE:HLI) Receives Average Recommendation of "Hold" from Analysts

Shares of Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) have earned an average recommendation of "Hold" from the five research firms that are covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $150.25.

Several research firms recently issued reports on HLI. JPMorgan Chase & Co. reduced 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. Morgan Stanley lifted their price target on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. UBS Group lifted their price target on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm's stock in a transaction on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey 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. In the last three months, insiders have sold 38,419 shares of company stock worth $5,297,213. Corporate insiders own 25.97% of the company's stock.

Institutional Investors Weigh In On Houlihan Lokey

A number of hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in Houlihan Lokey in the 4th quarter worth about $581,000. New York State Common Retirement Fund increased its holdings in Houlihan Lokey by 5.6% in the 4th quarter. New York State Common Retirement Fund now owns 168,931 shares of the financial services provider's stock worth $20,257,000 after acquiring an additional 8,905 shares during the last quarter. GAMMA Investing LLC purchased a new stake in Houlihan Lokey in the 4th quarter worth about $85,000. Yousif Capital Management LLC purchased a new stake in Houlihan Lokey in the 4th quarter worth about $2,960,000. Finally, Retirement Systems of Alabama purchased a new stake in Houlihan Lokey in the 4th quarter worth about $7,751,000. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock traded up $2.18 during trading hours on Friday, hitting $155.35. 139,706 shares of the company were exchanged, compared to its average volume of 333,240. The firm has a market cap of $10.65 billion, a P/E ratio of 37.80 and a beta of 0.67. Houlihan Lokey has a fifty-two week low of $94.67 and a fifty-two week high of $156.80. The company has a 50 day simple moving average of $142.65 and a two-hundred day simple moving average of $133.98.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 EPS. As a group, sell-side analysts expect that Houlihan Lokey will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.47%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Houlihan Lokey Company Profile

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.