Analysts Set Houlihan Lokey, Inc. (NYSE:HLI) PT at $166.38

Houlihan Lokey, Inc. (NYSE:HLI) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $166.3750.

Several brokerages have issued reports on HLI. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research report on Thursday, July 9th. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a report on Thursday, July 30th. UBS Group lowered their price objective on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Bank of America started coverage on shares of Houlihan Lokey in a report on Friday, July 10th. They set a “buy” rating and a $164.00 price objective for the company. Finally, Wolfe Research raised shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th.

Houlihan Lokey Stock Up 0.6%

NYSE:HLI opened at $128.84 on Thursday. The stock has a market cap of $8.90 billion, a P/E ratio of 21.65, a PEG ratio of 1.48 and a beta of 0.95. The business’s 50-day moving average price is $135.16 and its two-hundred day moving average price is $146.24. Houlihan Lokey has a twelve month low of $112.83 and a twelve month high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing the consensus estimate of $1.64 by ($0.29). The business had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.14 EPS. On average, equities research analysts expect that Houlihan Lokey will post 6.93 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.2%. Houlihan Lokey’s payout ratio is presently 47.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. AlphaGrep UK Ltd purchased a new position in shares of Houlihan Lokey during the second quarter worth approximately $511,000. Barlow Wealth Partners LLC boosted its stake in shares of Houlihan Lokey by 0.3% in the 2nd quarter. Barlow Wealth Partners LLC now owns 205,696 shares of the financial services provider’s stock valued at $27,627,000 after purchasing an additional 537 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of 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 valued at $317,000 after purchasing an additional 80 shares in the last quarter. AXQ Capital LP grew its holdings in shares of Houlihan Lokey by 324.5% during the 2nd quarter. AXQ Capital LP now owns 21,246 shares of the financial services provider’s stock valued at $2,850,000 after purchasing an additional 16,241 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Houlihan Lokey during the 2nd quarter valued at $348,000. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Company Profile

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.