Houlihan Lokey, Inc. (HLI) Rating Reiterated by Keefe, Bruyette & Woods
Houlihan Lokey, Inc. (NYSE:HLI)‘s stock had its “buy” rating restated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday.
HLI has been the topic of several other reports. BidaskClub raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Zacks Investment Research cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. J P Morgan Chase & Co started coverage on shares of Houlihan Lokey in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price objective on the stock. UBS AG reissued a “buy” rating and issued a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Finally, ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Houlihan Lokey currently has a consensus rating of “Buy” and a consensus target price of $39.83.
Shares of Houlihan Lokey (NYSE HLI) opened at 40.23 on Tuesday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 20.86 and a beta of 0.36. Houlihan Lokey has a one year low of $23.19 and a one year high of $40.50. The company’s 50-day moving average is $36.87 and its 200-day moving average is $35.21.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. Houlihan Lokey’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 EPS. On average, equities research analysts anticipate that Houlihan Lokey will post $2.05 earnings per share for the current year.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the business’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total transaction of $24,901,917.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 69.70% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of HLI. Teachers Advisors LLC boosted its position in shares of Houlihan Lokey by 31.2% during the 4th quarter. Teachers Advisors LLC now owns 25,242 shares of the financial services provider’s stock worth $786,000 after purchasing an additional 6,000 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Houlihan Lokey by 34.7% during the 1st quarter. Bank of New York Mellon Corp now owns 133,521 shares of the financial services provider’s stock worth $4,600,000 after purchasing an additional 34,396 shares in the last quarter. Swiss National Bank boosted its position in shares of Houlihan Lokey by 73.4% during the 1st quarter. Swiss National Bank now owns 35,436 shares of the financial services provider’s stock worth $1,221,000 after purchasing an additional 15,000 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Houlihan Lokey by 144.6% during the 1st quarter. JPMorgan Chase & Co. now owns 349,067 shares of the financial services provider’s stock worth $12,026,000 after purchasing an additional 206,370 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in shares of Houlihan Lokey during the 1st quarter worth $7,679,000. Institutional investors own 32.17% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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