Houlihan Lokey (NYSE:HLI) Stock Bumped Up to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Houlihan Lokey (NYSE:HLI – Free Report) from a sell rating to a hold rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities analysts have also commented on HLI. Wolfe Research raised Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Houlihan Lokey in a research report on Thursday, October 15th. JPMorgan Chase & Co. upped their target price on shares of Houlihan Lokey from $147.00 to $153.00 and gave the stock a “neutral” rating in a research report on Thursday. US Capital Advisors set a $187.00 price target on shares of Houlihan Lokey in a research note on Thursday, July 9th. Finally, UBS Group lifted their price target on shares of Houlihan Lokey from $147.00 to $154.00 and gave the company a “neutral” rating in a research report on Wednesday, October 7th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.44.

Get Our Latest Report on Houlihan Lokey

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $138.02 on Friday. Houlihan Lokey has a one year low of $112.83 and a one year high of $202.49. The business’s 50 day simple moving average is $131.21 and its two-hundred day simple moving average is $144.93. The stock has a market capitalization of $9.53 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 1.79 and a beta of 1.00.

Houlihan Lokey (NYSE:HLI – Get Free Report) last posted its earnings results on Wednesday, October 28th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.63 by $0.22. Houlihan Lokey had a return on equity of 19.94% and a net margin of 15.78%. The company had revenue of $692.00 million for the quarter, compared to analysts’ expectations of $625.88 million. During the same period last year, the firm earned $1.84 earnings per share. Houlihan Lokey’s quarterly revenue was up 4.9% on a year-over-year basis. Sell-side analysts expect that Houlihan Lokey will post 7.18 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Tuesday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.98%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $140.15, for a total transaction of $140,150.00. Following the transaction, the general counsel owned 1,000 shares of the company’s stock, valued at $140,150. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 22.53% of the stock is owned by company insiders.

Hedge Funds Weigh In On Houlihan Lokey

A number of hedge funds and other institutional investors have recently modified their holdings of HLI. Concurrent Investment Advisors LLC increased its stake in Houlihan Lokey by 3.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 2,360 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 80 shares during the last quarter. Choreo LLC raised its holdings in shares of Houlihan Lokey by 5.8% during the 3rd quarter. Choreo LLC now owns 1,782 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 97 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Houlihan Lokey by 103.4% during 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 acquiring an additional 120 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Houlihan Lokey by 1.6% during the 1st quarter. Pacer Advisors Inc. now owns 8,198 shares of the financial services provider’s stock valued at $1,177,000 after acquiring an additional 133 shares during the last quarter. Finally, HB Wealth Management LLC grew its holdings in shares of Houlihan Lokey by 9.1% in the first quarter. HB Wealth Management LLC now owns 1,630 shares of the financial services provider’s stock valued at $234,000 after purchasing an additional 136 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

(Get Free Report)

Houlihan Lokey, Inc is a global investment banking and financial advisory firm that provides services to corporations, institutions, financial sponsors and governments. The company advises clients on mergers and acquisitions, capital raising, financial restructuring and other strategic and corporate finance matters.

Its business also includes valuation and financial opinions, including fairness opinions, solvency opinions and other transaction-related analyses. Houlihan Lokey serves clients across a range of industries, with particular expertise in areas such as technology, media and telecommunications; financial services; healthcare; industrials; consumer products and services; and energy and natural resources.

Founded in 1972 by Roger Houlihan and O.

Further Reading

Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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