Houlihan Lokey (NYSE:HLI) PT Raised to $157.00

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

Separately, JMP Securities reiterated a market perform rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th.

Houlihan Lokey Stock Up 0.9 %

Shares of NYSE HLI opened at $138.68 on Tuesday. The business’s 50 day moving average price is $133.53 and its two-hundred day moving average price is $127.66. The company has a market cap of $9.51 billion, a PE ratio of 33.74 and a beta of 0.67. Houlihan Lokey has a twelve month low of $94.67 and a twelve month high of $139.51.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The firm had revenue of $520.46 million for the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.11 earnings per share. As a group, research analysts anticipate that Houlihan Lokey will post 5.63 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, June 3rd. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. 25.97% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Houlihan Lokey

A number of hedge funds have recently added to or reduced their stakes in HLI. Accent Capital Management LLC acquired a new stake in Houlihan Lokey in the fourth quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after buying an additional 265 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $54,000. Mather Group LLC. purchased a new position in shares of Houlihan Lokey during the first quarter valued at approximately $74,000. Finally, Principal Securities Inc. purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $82,000. 78.07% of the stock is currently owned by institutional investors.

About Houlihan Lokey

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.