Houlihan Lokey (HLI) Receives “Buy” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their buy rating on shares of Houlihan Lokey (NYSE:HLI) in a research report released on Friday morning. Keefe, Bruyette & Woods currently has a $49.00 price objective on the financial services provider’s stock.

Other equities research analysts have also issued reports about the company. ValuEngine raised Houlihan Lokey from a hold rating to a buy rating in a research note on Friday, September 15th. Bank of America increased their target price on Houlihan Lokey from $40.00 to $44.00 and gave the company a neutral rating in a report on Wednesday, October 25th. UBS Group increased their target price on Houlihan Lokey from $44.00 to $47.00 and gave the company a buy rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded Houlihan Lokey from a hold rating to a strong-buy rating and set a $45.00 target price for the company in a report on Thursday, October 12th. Finally, J P Morgan Chase & Co began coverage on Houlihan Lokey in a report on Tuesday, September 12th. They issued an overweight rating and a $42.00 target price for the company. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Houlihan Lokey presently has an average rating of Buy and a consensus price target of $43.83.

Houlihan Lokey (NYSE HLI) traded up $0.37 on Friday, hitting $45.84. The stock had a trading volume of 155,998 shares, compared to its average volume of 177,575. The company has a market cap of $2,994.61, a price-to-earnings ratio of 21.73, a PEG ratio of 3.03 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey has a 1-year low of $29.51 and a 1-year high of $46.99.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.15. The business had revenue of $242.20 million during the quarter, compared to analyst estimates of $207.72 million. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The company’s revenue was up 29.9% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. equities research analysts expect that Houlihan Lokey will post 2.1 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.75%. Houlihan Lokey’s payout ratio is currently 37.91%.

In related news, CEO Scott L. Beiser sold 63,688 shares of the stock in a transaction on Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $2,651,331.44. Following the completion of the sale, the chief executive officer now directly owns 78,108 shares in the company, valued at $3,251,636.04. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Irwin Gold sold 6,533 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $271,968.79. Following the sale, the chairman now owns 6,533 shares of the company’s stock, valued at $271,968.79. The disclosure for this sale can be found here. Insiders sold 2,120,627 shares of company stock valued at $88,281,702 in the last 90 days. Corporate insiders own 69.70% of the company’s stock.

Several large investors have recently made changes to their positions in HLI. Dimensional Fund Advisors LP purchased a new stake in shares of Houlihan Lokey during the first quarter worth $3,222,000. Sei Investments Co. purchased a new stake in shares of Houlihan Lokey during the second quarter worth $263,000. Schwab Charles Investment Management Inc. raised its holdings in shares of Houlihan Lokey by 133.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 46,900 shares of the financial services provider’s stock worth $1,637,000 after acquiring an additional 26,800 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Houlihan Lokey by 100.4% during the second quarter. Rhumbline Advisers now owns 25,109 shares of the financial services provider’s stock worth $876,000 after acquiring an additional 12,581 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Houlihan Lokey during the second quarter worth $105,000. Institutional investors and hedge funds own 34.61% of the company’s stock.

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About Houlihan Lokey

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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