Houlihan Lokey (NYSE:HLI) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Houlihan Lokey (NYSE:HLI – Get Rating) in a research report sent to investors on Thursday. The firm issued a hold rating on the financial services provider’s stock.

Houlihan Lokey Trading Down 1.2 %

HLI opened at $87.74 on Thursday. Houlihan Lokey has a 1-year low of $74.18 and a 1-year high of $102.36. The company has a market capitalization of $6.02 billion, a PE ratio of 22.50 and a beta of 0.76. The firm’s 50 day simple moving average is $89.34 and its two-hundred day simple moving average is $92.97.

Houlihan Lokey (NYSE:HLI – Get Rating) last announced its quarterly earnings results on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.23. Houlihan Lokey had a net margin of 14.88% and a return on equity of 21.48%. The company had revenue of $444.77 million for the quarter, compared to the consensus estimate of $423.96 million. During the same period in the previous year, the firm posted $1.30 EPS. Houlihan Lokey’s revenue for the quarter was down 5.6% compared to the same quarter last year. Equities analysts forecast that Houlihan Lokey will post 4.74 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, June 2nd will be paid a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Thursday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.53. Houlihan Lokey’s payout ratio is 54.36%.

Institutional Trading of Houlihan Lokey

Large investors have recently made changes to their positions in the business. Ellevest Inc. boosted its holdings in shares of Houlihan Lokey by 155.2% in the 4th quarter. Ellevest Inc. now owns 296 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 180 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter worth $26,000. Bessemer Group Inc. purchased a new stake in Houlihan Lokey during the third quarter worth $31,000. Global Retirement Partners LLC boosted its holdings in Houlihan Lokey by 22.0% during the first quarter. Global Retirement Partners LLC now owns 637 shares of the financial services provider’s stock worth $56,000 after buying an additional 115 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Houlihan Lokey by 332.9% during the fourth quarter. UMB Bank n.a. now owns 645 shares of the financial services provider’s stock worth $56,000 after buying an additional 496 shares in the last quarter. 70.74% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Company Profile

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.