Houlihan Lokey Inc. (NYSE:HLI) has received a consensus recommendation of “Hold” from the five ratings firms that are covering the stock. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $26.23.
A number of research analysts have weighed in on HLI shares. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Tuesday, August 30th. Sandler O’Neill cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Thursday, August 18th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $28.00 target price on shares of Houlihan Lokey in a research report on Friday, September 23rd.
Shares of Houlihan Lokey (NYSE:HLI) opened at 24.73 on Monday. Houlihan Lokey has a 12 month low of $20.90 and a 12 month high of $26.75. The firm has a 50 day moving average of $24.70 and a 200-day moving average of $24.18. The stock has a market capitalization of $1.65 billion, a P/E ratio of 21.71 and a beta of 0.04.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The firm had revenue of $181 million for the quarter, compared to analysts’ expectations of $161.70 million. Houlihan Lokey had a net margin of 10.18% and a return on equity of 15.44%. Houlihan Lokey’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 earnings per share. Analysts forecast that Houlihan Lokey will post $1.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, August 31st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.75%. Houlihan Lokey’s payout ratio is currently 59.65%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Gradient Investments LLC boosted its position in Houlihan Lokey by 1.7% in the third quarter. Gradient Investments LLC now owns 13,503 shares of the company’s stock worth $338,000 after buying an additional 221 shares during the last quarter. Macquarie Group Ltd. boosted its position in Houlihan Lokey by 42.9% in the second quarter. Macquarie Group Ltd. now owns 463,821 shares of the company’s stock worth $10,376,000 after buying an additional 139,253 shares during the last quarter. Basswood Capital Management L.L.C. boosted its stake in Houlihan Lokey by 19.7% in the second quarter. Basswood Capital Management L.L.C. now owns 135,508 shares of the company’s stock valued at $3,031,000 after buying an additional 22,287 shares in the last quarter. Three Corner Global Investors LP boosted its stake in Houlihan Lokey by 37.8% in the second quarter. Three Corner Global Investors LP now owns 332,500 shares of the company’s stock valued at $7,438,000 after buying an additional 91,200 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Houlihan Lokey by 0.8% in the second quarter. Parametric Portfolio Associates LLC now owns 110,788 shares of the company’s stock valued at $2,478,000 after buying an additional 877 shares in the last quarter. 99.02% of the stock is currently owned by institutional investors and hedge funds.