Houlihan Lokey (NYSE:HLI) Given “Market Perform” Rating at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of Houlihan Lokey (NYSE:HLI) in a research report released on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $154.00 price objective on the financial services provider’s stock, up from their previous price objective of $139.00.

A number of other research firms have also recently weighed in on HLI. UBS Group lifted their price objective on shares of Houlihan Lokey from $145.00 to $157.00 and gave the company a buy rating in a report on Tuesday, July 9th. Morgan Stanley lifted their price target on Houlihan Lokey from $131.00 to $148.00 and gave the company an equal weight rating in a research note on Tuesday, July 23rd. Finally, JMP Securities reiterated a market perform rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $150.25.

Houlihan Lokey Stock Down 1.3 %

Shares of HLI opened at $145.55 on Wednesday. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 35.41 and a beta of 0.67. Houlihan Lokey has a 52 week low of $94.67 and a 52 week high of $153.08. The stock’s 50-day moving average price is $137.23 and its 200-day moving average price is $130.96.

Houlihan Lokey (NYSE:HLI) last released 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 business had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 EPS. As a group, equities analysts anticipate that Houlihan Lokey will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.57 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.57%. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 9,902 shares of the company’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 disclosure for this sale can be found here. 25.97% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $26,000. Crewe Advisors LLC boosted its stake in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Accent Capital Management LLC purchased a new stake in Houlihan Lokey in the 4th quarter valued at $42,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 265 shares during the last quarter. Finally, Mather Group LLC. acquired a new stake in shares of Houlihan Lokey in the 1st quarter worth $74,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

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.