Houlihan Lokey (NYSE:HLI) had its price objective lifted by equities researchers at Bank of America from $50.00 to $52.00 in a research report issued to clients and investors on Tuesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Bank of America’s price target would suggest a potential upside of 9.01% from the stock’s previous close.

HLI has been the topic of a number of other reports. UBS Group boosted their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research upgraded 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. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $52.00 target price on shares of Houlihan Lokey in a report on Thursday, January 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $47.50.

Shares of Houlihan Lokey (HLI) opened at $47.70 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey has a fifty-two week low of $29.51 and a fifty-two week high of $52.81. The company has a market cap of $3,363.42, a P/E ratio of 18.85 and a beta of 0.42.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.08. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.47%. The business had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same period in the previous year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 4.5% on a year-over-year basis. analysts predict that Houlihan Lokey will post 2.27 earnings per share for the current fiscal year.

In other news, insider J Lindsey Alley sold 973 shares of Houlihan Lokey 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 $40,505.99. Following the transaction, the insider now directly owns 973 shares of the company’s stock, valued at $40,505.99. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Orix Hlhz Holding Llc sold 125,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $5,203,750.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 137,345 shares of company stock worth $5,717,672. 69.70% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in HLI. Schwab Charles Investment Management Inc. increased its position in shares of Houlihan Lokey by 133.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 46,900 shares of the financial services provider’s stock worth $1,637,000 after acquiring an additional 26,800 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Houlihan Lokey by 3.2% in 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 acquiring an additional 4,238 shares in the last quarter. Legal & General Group Plc increased its position in shares of Houlihan Lokey by 12.3% in the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after acquiring an additional 570 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Houlihan Lokey by 419.5% in the second quarter. Teachers Advisors LLC now owns 297,165 shares of the financial services provider’s stock worth $10,371,000 after acquiring an additional 239,964 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its position in shares of Houlihan Lokey by 29.3% in 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 acquiring an additional 43,706 shares in the last quarter. 35.20% of the stock is currently owned by institutional investors and hedge funds.

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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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