Keefe, Bruyette & Woods Reiterates Buy Rating for Houlihan Lokey, Inc. (HLI)

Keefe, Bruyette & Woods reiterated their buy rating on shares of Houlihan Lokey, Inc. (NYSE:HLI) in a research note published on Wednesday morning. Keefe, Bruyette & Woods currently has a $38.00 target price on the financial services provider’s stock.

A number of other research firms have also recently weighed in on HLI. Zacks Investment Research cut shares of Houlihan Lokey from a hold rating to a sell rating in a research note on Tuesday, April 18th. Bank of America Corporation cut shares of Houlihan Lokey from a buy rating to a neutral rating and boosted their target price for the stock from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities reaffirmed an outperform rating and set a $36.00 target price (up previously from $34.00) on shares of Houlihan Lokey in a research note on Friday, April 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $37.00.

Houlihan Lokey (NYSE HLI) opened at 34.90 on Wednesday. Houlihan Lokey has a 12 month low of $20.96 and a 12 month high of $36.65. The firm has a 50-day moving average price of $34.10 and a 200-day moving average price of $32.51. The company has a market capitalization of $2.30 billion, a price-to-earnings ratio of 21.41 and a beta of 0.30.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, May 9th. The financial services provider reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.14. The firm had revenue of $257.10 million for the quarter, compared to analysts’ expectations of $207.02 million. Houlihan Lokey had a net margin of 12.42% and a return on equity of 17.83%. The company’s revenue was up 40.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that Houlihan Lokey will post $1.94 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, June 2nd were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, May 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.29%. Houlihan Lokey’s dividend payout ratio is 49.38%.

Several hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter valued at $835,000. Teachers Advisors LLC boosted its stake in shares of Houlihan Lokey by 31.2% in the fourth quarter. Teachers Advisors LLC now owns 25,242 shares of the financial services provider’s stock valued at $786,000 after buying an additional 6,000 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Houlihan Lokey by 10.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 533,050 shares of the financial services provider’s stock valued at $16,589,000 after buying an additional 51,450 shares in the last quarter. Ellington Management Group LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter valued at $330,000. Finally, Two Sigma Investments LP boosted its stake in shares of Houlihan Lokey by 80.6% in the fourth quarter. Two Sigma Investments LP now owns 68,797 shares of the financial services provider’s stock valued at $2,141,000 after buying an additional 30,707 shares in the last quarter. 33.11% of the stock is currently owned by institutional investors.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.

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