Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) shares gapped up prior to trading on Thursday . The stock had previously closed at $136.93, but opened at $142.86. Houlihan Lokey shares last traded at $141.2990, with a volume of 21,447 shares traded.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. The Goldman Sachs Group set a $164.00 price objective on shares of Houlihan Lokey in a research report on Friday, July 10th. Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Morgan Stanley lowered their price target on Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating for the company in a report on Thursday, July 9th. Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Finally, US Capital Advisors set a $187.00 price objective on Houlihan Lokey in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Houlihan Lokey has an average rating of “Moderate Buy” and an average price target of $180.50.
Read Our Latest Stock Report on HLI
Houlihan Lokey Stock Up 0.2%
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The firm had revenue of $635.64 million during the quarter, compared to the consensus estimate of $679.22 million. During the same quarter in the previous year, the firm posted $1.96 EPS. The company’s revenue was down 4.6% on a year-over-year basis. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 7.91 earnings per share for the current year.
Houlihan Lokey Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were given a dividend of $0.70 per share. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 2.0%. Houlihan Lokey’s payout ratio is presently 45.02%.
Insider Activity at Houlihan Lokey
In other news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares in the company, valued at $941,378.90. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 22.83% of the stock is currently owned by corporate insiders.
Institutional Trading of Houlihan Lokey
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Flagship Harbor Advisors LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $26,000. Oakworth Capital Inc. acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $29,000. Core Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $33,000. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Houlihan Lokey by 103.4% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock valued at $34,000 after buying an additional 120 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.
About Houlihan Lokey
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.
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