Houlihan Lokey, Inc. (NYSE:HLI) Given “Buy” Rating at Keefe, Bruyette & Woods

Houlihan Lokey, Inc. (NYSE:HLI)‘s stock had its “buy” rating reaffirmed by investment analysts at Keefe, Bruyette & Woods in a research note issued on Thursday, July 27th. They presently have a $40.00 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 12.90% from the stock’s current price.

A number of other brokerages have also recently weighed in on HLI. UBS AG restated a “buy” rating and set a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Zacks Investment Research upgraded shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, July 3rd. BidaskClub cut shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Bank of America Corporation cut shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities restated an “outperform” rating and set a $36.00 price objective (up from $34.00) on shares of Houlihan Lokey in a research note on Friday, April 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $39.40.

Houlihan Lokey (HLI) opened at 35.43 on Thursday. The firm’s 50-day moving average is $36.31 and its 200-day moving average is $33.99. The stock has a market cap of $2.37 billion, a P/E ratio of 18.37 and a beta of 0.31. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $39.68.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217 million for the quarter, compared to analysts’ expectations of $203.21 million. During the same period in the previous year, the business earned $0.35 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, equities analysts forecast that Houlihan Lokey will post $2.05 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in Houlihan Lokey during the second quarter worth about $105,000. Tower Research Capital LLC TRC raised its position in Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,371 shares during the last quarter. Victory Capital Management Inc. raised its position in Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after buying an additional 381 shares during the last quarter. Legal & General Group Plc raised its position in Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,270 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in Houlihan Lokey during the first quarter worth about $182,000. 32.66% of the stock is currently owned by hedge funds and other institutional investors.

About Houlihan Lokey

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.

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