Houlihan Lokey (NYSE:HLI) PT Lowered to $145.00

Houlihan Lokey (NYSE:HLIFree Report) had its price objective reduced by UBS Group from $157.00 to $145.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. JMP Securities reaffirmed a market perform rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Keefe, Bruyette & Woods reaffirmed a market perform rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research report on Monday, January 29th.

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Houlihan Lokey Stock Performance

HLI opened at $136.83 on Tuesday. Houlihan Lokey has a 1 year low of $86.20 and a 1 year high of $137.80. The firm has a 50 day moving average price of $127.74 and a 200 day moving average price of $120.75. The company has a market cap of $9.46 billion, a PE ratio of 33.29 and a beta of 0.67.

Houlihan Lokey (NYSE:HLIGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.07. The company had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. On average, sell-side analysts predict that Houlihan Lokey will post 5.72 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend is Monday, June 3rd. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55. Houlihan Lokey’s dividend payout ratio (DPR) is 53.53%.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.97% of the stock is currently owned by corporate insiders.

Institutional Trading of Houlihan Lokey

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Houlihan Lokey by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after acquiring an additional 29,843 shares during the last quarter. Earnest Partners LLC boosted its position in Houlihan Lokey by 1.1% during the 3rd quarter. Earnest Partners LLC now owns 3,123,251 shares of the financial services provider’s stock valued at $334,563,000 after purchasing an additional 34,580 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its stake in Houlihan Lokey by 0.6% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,760,144 shares of the financial services provider’s stock worth $295,667,000 after buying an additional 17,696 shares during the last quarter. Wellington Management Group LLP grew its stake in Houlihan Lokey by 56.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after buying an additional 978,776 shares during the last quarter. Finally, Burgundy Asset Management Ltd. lifted its stake in Houlihan Lokey by 2.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider’s stock valued at $205,583,000 after buying an additional 46,443 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

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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.

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