Zacks Investment Research downgraded shares of Houlihan Lokey Inc. (NYSE:HLI) from a hold rating to a sell rating in a research note released on Monday morning.

According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segment consists of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings and Financial Advisory Services, including financial opinions and a variety of valuation and financial consulting services. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is based in LOS ANGELES, United States. “

Separately, Sandler O’Neill lowered Houlihan Lokey from a buy rating to a hold rating in a research note on Thursday, August 18th.

Shares of Houlihan Lokey (NYSE:HLI) opened at 25.03 on Monday. The company has a market cap of $1.67 billion and a P/E ratio of 21.98. The company has a 50 day moving average price of $24.91 and a 200 day moving average price of $24.14. Houlihan Lokey has a one year low of $20.70 and a one year high of $26.75.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $181 million for the quarter, compared to analyst estimates of $161.70 million. Houlihan Lokey had a return on equity of 15.44% and a net margin of 10.18%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 earnings per share. Equities research analysts expect that Houlihan Lokey will post $1.74 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Wednesday, August 31st. Houlihan Lokey’s payout ratio is 59.65%.

Large investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its stake in Houlihan Lokey by 1.8% in the first quarter. Franklin Resources Inc. now owns 928,692 shares of the company’s stock worth $23,124,000 after buying an additional 16,699 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Houlihan Lokey by 2.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 138,094 shares of the company’s stock worth $3,439,000 after buying an additional 3,100 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Houlihan Lokey by 1.7% in the first quarter. Burgundy Asset Management Ltd. now owns 1,362,985 shares of the company’s stock worth $33,938,000 after buying an additional 23,385 shares during the last quarter. State Street Corp increased its stake in Houlihan Lokey by 5.9% in the first quarter. State Street Corp now owns 166,955 shares of the company’s stock worth $4,155,000 after buying an additional 9,234 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Houlihan Lokey by 8.2% in the first quarter. Geode Capital Management LLC now owns 91,678 shares of the company’s stock worth $2,282,000 after buying an additional 6,929 shares during the last quarter. 99.02% of the stock is currently owned by institutional investors.

About Houlihan Lokey

Houlihan Lokey, Inc is an independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company, through its offices in the United States, Europe, Asia and Australia, serves a set of clients across the world, including corporations, financial sponsors and government agencies.

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