Houlihan Lokey, Inc. (NYSE:HLI) Given New $44.00 Price Target at Bank of America Corporation

Houlihan Lokey, Inc. (NYSE:HLI) had its target price hoisted by analysts at Bank of America Corporation from $40.00 to $44.00 in a note issued to investors on Wednesday, October 25th. The firm currently has a “neutral” rating on the financial services provider’s stock. Bank of America Corporation’s target price would suggest a potential upside of 5.31% from the stock’s current price.

A number of other research analysts have also weighed in on HLI. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. UBS AG reissued a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 27th. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $42.33.

Houlihan Lokey (NYSE HLI) traded up $0.11 on Wednesday, reaching $41.78. 206,200 shares of the company’s stock traded hands, compared to its average volume of 252,206. Houlihan Lokey has a 52-week low of $23.63 and a 52-week high of $44.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. The firm has a market cap of $2,785.43, a PE ratio of 18.82, a PEG ratio of 2.78 and a beta of 0.38.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. The company had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. Houlihan Lokey’s revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.37 EPS. sell-side analysts expect that Houlihan Lokey will post 2.1 EPS for the current fiscal year.

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In related news, Chairman Irwin Gold sold 6,533 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $41.63, for a total value of $271,968.79. Following the completion of the transaction, the chairman now owns 6,533 shares in the company, valued at approximately $271,968.79. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Scott Joseph Adelson sold 60,589 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now owns 90,683 shares of the company’s stock, valued at approximately $3,775,133.29. The disclosure for this sale can be found here. Insiders sold 2,807,387 shares of company stock valued at $113,183,620 in the last three months. Company insiders own 69.70% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in HLI. SG Americas Securities LLC acquired a new stake in Houlihan Lokey during the 2nd quarter valued at approximately $105,000. Advisor Group Inc. grew its position in shares of Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,720 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Houlihan Lokey by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 2,371 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 9.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after purchasing an additional 381 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Houlihan Lokey by 37.8% in the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,270 shares in the last quarter. 32.76% of the stock is owned by institutional investors and hedge funds.

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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