Houlihan Lokey, Inc. (NYSE:HLI) Receives Medium Analyst Rating of “Hold”
Shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) earned a consensus rating of “Hold” from the nine analysts who currently cover the company, Marketbeat.com reports. Two research analysts gave the stock a sell rating, four gave the company a hold rating and three gave the company a buy rating. The 12-month average price target among brokerages that have updated their coverage on the stock over the past year is $98.40.
HLI has been the subject of several analyst reports. Goldman Sachs Group lowered its price target on Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating for the company in a Monday, May 23 research report. Zacks Investment Research downgraded Houlihan Lokey from a “strong buy” rating to a “hold” rating in a Wednesday, March 23 report. Morgan Stanley lowered its price target on Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a Friday, March 25 report. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a Thursday, May 19, report. Finally, Piper Sandler downgraded Houlihan Lokey from a “neutral” rating to an “underweight” rating and lowered her price target for the stock from $92.00 to $76.00 in a report on Thursday 7 april.
Several institutional investors have recently bought and sold shares of the company. Verition Fund Management LLC increased its stake in Houlihan Lokey shares by 4.1% in Q1. Verition Fund Management LLC now owns 6,778 shares of the financial services provider worth $595,000 after purchasing an additional 269 shares during the period. Walleye Capital LLC bought a new stock position in Houlihan Lokey during Q1 worth $277,000. Advisory Services Network LLC increased its position in Houlihan Lokey shares by 7.4% during the first quarter. Advisory Services Network LLC now owns 3,004 shares of the financial services provider valued at $263,000 after buying 206 additional shares in the last quarter. Toroso Investments LLC increased its position in Houlihan Lokey shares by 49.8% during the 1st quarter. Toroso Investments LLC now owns 5,451 shares of the financial services provider valued at $479,000 after buying an additional 1,811 shares last quarter. Finally, Jane Street Group LLC bought a new stock position in Houlihan Lokey during Q1 worth $462,000. 74.34% of the shares are currently held by hedge funds and other institutional investors.
NYSE:HLI shares opened at $84.71 on Friday. The company has a market capitalization of $5.71 billion, a P/E ratio of 13.22 and a beta of 0.65. Houlihan Lokey has a 12-month low of $74.57 and a 12-month high of $122.62. The company has a fifty-day simple moving average of $85.35 and a 200-day simple moving average of $98.15.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 15. Investors of record on Thursday, June 2 will receive a dividend of $0.53. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.43. The posting date is Wednesday, June 1. This represents an annualized dividend of $2.12 and a yield of 2.50%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 33.07%.
Company Profile Houlihan Lokey (Get a rating)
Houlihan Lokey, Inc, an investment banking firm, provides mergers and acquisitions (M&A), capital markets, financial restructuring, and financial advisory and valuation services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory.
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