Buckingham Research Cuts Houlihan Lokey (NYSE:HLI) Price Target to $51.00

Houlihan Lokey (NYSE:HLI) had its target price reduced by Buckingham Research from $53.00 to $51.00 in a research report report published on Thursday morning, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on HLI. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research report on Monday, July 8th. Goldman Sachs Group reiterated a sell rating and issued a $45.00 target price on shares of Intel in a research report on Wednesday, April 3rd. JMP Securities decreased their target price on BioCryst Pharmaceuticals from $18.00 to $10.00 and set an outperform rating on the stock in a research report on Thursday, May 23rd. Finally, Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $50.08.

Houlihan Lokey stock opened at $43.45 on Thursday. Houlihan Lokey has a 12-month low of $34.31 and a 12-month high of $53.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50-day simple moving average of $45.26. The company has a market capitalization of $2.88 billion, a PE ratio of 15.09, a PEG ratio of 1.16 and a beta of 0.96.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, May 8th. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.17. Houlihan Lokey had a return on equity of 22.31% and a net margin of 14.67%. The firm had revenue of $291.40 million for the quarter, compared to analysts’ expectations of $266.26 million. During the same quarter in the previous year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. Research analysts forecast that Houlihan Lokey will post 2.99 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.31 per share. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.27. This represents a $1.24 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Friday, May 31st. Houlihan Lokey’s payout ratio is 43.21%.

In other news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $45.52, for a total transaction of $136,560,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 80.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. ORIX Corp USA grew its holdings in shares of Houlihan Lokey by 574.0% during the first quarter. ORIX Corp USA now owns 4,109,721 shares of the financial services provider’s stock worth $188,431,000 after purchasing an additional 3,500,000 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Houlihan Lokey by 1.5% during the fourth quarter. BlackRock Inc. now owns 2,398,424 shares of the financial services provider’s stock worth $88,262,000 after purchasing an additional 34,926 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Houlihan Lokey by 20.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,231,085 shares of the financial services provider’s stock worth $102,296,000 after purchasing an additional 377,933 shares during the last quarter. Westwood Holdings Group Inc. grew its holdings in shares of Houlihan Lokey by 3.2% during the first quarter. Westwood Holdings Group Inc. now owns 859,131 shares of the financial services provider’s stock worth $39,391,000 after purchasing an additional 26,742 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Houlihan Lokey by 16.2% during the first quarter. Wells Fargo & Company MN now owns 686,147 shares of the financial services provider’s stock worth $31,461,000 after purchasing an additional 95,443 shares during the last quarter. Institutional investors own 58.04% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

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Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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