Houlihan Lokey, Inc. (NYSE:HLI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday, July 25th.
Several other equities research analysts have also recently commented on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 price target on shares of Houlihan Lokey in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research report on Monday, June 19th. Bank of America Corporation cut shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $36.00 to $38.00 in a research report 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Houlihan Lokey presently has a consensus rating of “Hold” and a consensus price target of $39.40.
Houlihan Lokey (NYSE:HLI) traded up 0.63% on Tuesday, reaching $35.10. The company had a trading volume of 225,471 shares. The stock has a 50 day moving average of $36.20 and a 200 day moving average of $33.88. Houlihan Lokey has a 12 month low of $23.19 and a 12 month high of $39.68. The firm has a market capitalization of $2.35 billion, a PE ratio of 18.20 and a beta of 0.31.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. The business had revenue of $217 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%. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.35 EPS. On average, analysts anticipate that Houlihan Lokey will post $2.05 EPS for the current year.
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Several hedge funds have recently modified their holdings of the company. OxFORD Asset Management LLP increased its stake in shares of Houlihan Lokey by 3.2% in the second quarter. OxFORD Asset Management LLP now owns 94,171 shares of the financial services provider’s stock worth $3,287,000 after buying an additional 2,936 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Houlihan Lokey by 69.0% in the second quarter. Dimensional Fund Advisors LP now owns 158,080 shares of the financial services provider’s stock worth $5,517,000 after buying an additional 64,567 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Houlihan Lokey by 12.2% in the second quarter. Parametric Portfolio Associates LLC now owns 72,136 shares of the financial services provider’s stock worth $2,518,000 after buying an additional 7,822 shares during the period. Sawgrass Asset Management LLC purchased a new stake in shares of Houlihan Lokey during the second quarter worth $369,000. Finally, Vanguard Group Inc. increased its position in shares of Houlihan Lokey by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock valued at $58,003,000 after buying an additional 58,257 shares during the last quarter. 32.12% of the stock is owned by institutional investors.
Houlihan Lokey Company Profile
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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