Houlihan Lokey (HLI) Receives “Buy” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their buy rating on shares of Houlihan Lokey (NYSE:HLI) in a research note published on Thursday. They currently have a $52.00 price target on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. ValuEngine raised shares of Houlihan Lokey from a hold rating to a buy rating in a report on Friday, September 15th. Zacks Investment Research raised shares of Houlihan Lokey from a hold rating to a strong-buy rating and set a $52.00 target price on the stock in a report on Monday, December 25th. Bank of America lifted their target price on shares of Houlihan Lokey from $40.00 to $44.00 and gave the company a neutral rating in a report on Wednesday, October 25th. Finally, UBS Group lifted their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the company a buy rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of $46.17.

Houlihan Lokey (NYSE:HLI) traded up $0.63 during midday trading on Thursday, reaching $50.25. 304,762 shares of the company’s stock were exchanged, compared to its average volume of 204,444. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $3,310.00 and a price-to-earnings ratio of 23.82. Houlihan Lokey has a one year low of $29.51 and a one year high of $50.71.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.15. The company had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. Houlihan Lokey’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.37 earnings per share. research analysts anticipate that Houlihan Lokey will post 2.17 EPS for the current year.

In related news, insider Scott Joseph Adelson sold 60,589 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the sale, the insider now owns 90,683 shares of the company’s stock, valued at $3,775,133.29. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider J Lindsey Alley sold 973 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $40,505.99. Following the sale, the insider now directly owns 973 shares in the company, valued at approximately $40,505.99. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,120,627 shares of company stock worth $88,281,702. Insiders own 69.70% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. TIAA CREF Investment Management LLC boosted its holdings in Houlihan Lokey by 29.3% during the second quarter. TIAA CREF Investment Management LLC now owns 192,943 shares of the financial services provider’s stock worth $6,734,000 after buying an additional 43,706 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Houlihan Lokey by 3.2% during the second quarter. Bank of New York Mellon Corp now owns 137,759 shares of the financial services provider’s stock worth $4,808,000 after buying an additional 4,238 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Houlihan Lokey during the third quarter worth about $1,287,000. Ameriprise Financial Inc. boosted its holdings in Houlihan Lokey by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock worth $29,884,000 after buying an additional 8,764 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its holdings in Houlihan Lokey by 8.7% during the third quarter. Macquarie Group Ltd. now owns 579,431 shares of the financial services provider’s stock worth $22,673,000 after buying an additional 46,151 shares in the last quarter. 34.61% of the stock is currently owned by hedge funds and other institutional investors.

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About Houlihan Lokey

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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