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

Houlihan Lokey (NYSE:HLI) had its price target boosted by analysts at UBS Group from $145.00 to $157.00 in a research report issued on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential upside of 15.48% from the stock’s current price.

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

Houlihan Lokey Trading Up 1.3 %

HLI traded up $1.74 on Tuesday, hitting $135.96. 130,167 shares of the stock traded hands, compared to its average volume of 335,606. Houlihan Lokey has a 52 week low of $94.18 and a 52 week high of $137.92. The firm has a market capitalization of $9.32 billion, a PE ratio of 33.04 and a beta of 0.67. The business has a fifty day moving average price of $133.01 and a two-hundred day moving average price of $127.41.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The company 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 company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.11 earnings per share. On average, equities research analysts forecast that Houlihan Lokey will post 5.63 EPS for the current fiscal year.

Insider Buying and Selling at Houlihan Lokey

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

Institutional Trading of Houlihan Lokey

A number of hedge funds have recently added to or reduced their stakes in HLI. Townsquare Capital LLC boosted its position in Houlihan Lokey by 19.2% in the third quarter. Townsquare Capital LLC now owns 12,700 shares of the financial services provider’s stock valued at $1,360,000 after buying an additional 2,045 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Houlihan Lokey by 1.6% in the third quarter. Public Employees Retirement System of Ohio now owns 78,846 shares of the financial services provider’s stock valued at $8,446,000 after buying an additional 1,227 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Houlihan Lokey by 56.1% during the third quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock worth $291,761,000 after purchasing an additional 978,776 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth $54,000. Finally, Fulton Bank N.A. lifted its holdings in shares of Houlihan Lokey by 11.0% during the fourth quarter. Fulton Bank N.A. now owns 6,452 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 639 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

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.