Houlihan Lokey (HLI) Rating Lowered to Hold at Zacks Investment Research
Houlihan Lokey (NYSE:HLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “Houlihan Lokey, Inc. is an investment bank which focuses on mergers and acquisitions, financings, financial restructurings and financial advisory services. The Company’s operating segments consist of Corporate Finance, encompassing M&A and capital markets advisory; Financial Restructuring both out-of-court and in formal bankruptcy or insolvency proceedings; Financial Advisory Services, including financial opinions and a variety of valuation services; and Strategic Consulting, which advises in the areas of strategy development, operations, and performance improvement. It operates primarily in the United States, Europe, Asia and Australia. Houlihan Lokey, Inc. is headquartered in LOS ANGELES, United States. “
Other research analysts have also recently issued research reports about the company. ValuEngine upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $49.00 price target on shares of Houlihan Lokey in a research note on Friday, December 22nd. Bank of America boosted their price target on Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. JPMorgan Chase & Co. began coverage on Houlihan Lokey in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price target on the stock. Finally, UBS Group boosted their price target on Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $45.00.
Houlihan Lokey (NYSE HLI) opened at $45.36 on Tuesday. The company has a market capitalization of $3,018.98, a PE ratio of 21.50, a price-to-earnings-growth ratio of 3.05 and a beta of 0.42. Houlihan Lokey has a one year low of $29.51 and a one year high of $46.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.92 and a current ratio of 0.92.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. Houlihan Lokey had a return on equity of 19.71% and a net margin of 14.58%. The company had revenue of $242.20 million for the quarter, compared to analysts’ expectations of $207.72 million. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. sell-side analysts expect that Houlihan Lokey will post 2.1 EPS for the current year.
In other Houlihan Lokey news, Chairman Irwin Gold sold 91,453 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $3,807,188.39. Following the sale, the chairman now owns 102,314 shares in the company, valued at $4,259,331.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider J Lindsey Alley sold 973 shares of the company’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 $40,505.99. Following the sale, the insider now owns 973 shares in the company, valued at approximately $40,505.99. The disclosure for this sale can be found here. Insiders have sold 2,120,627 shares of company stock worth $88,281,702 in the last 90 days. 69.70% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in HLI. SG Americas Securities LLC bought a new position in shares of Houlihan Lokey during the second quarter valued at approximately $105,000. Advisor Group Inc. grew its holdings in shares of Houlihan Lokey by 2,125.0% during the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Houlihan Lokey by 122.9% during the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,371 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Houlihan Lokey by 12.3% during the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 570 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Houlihan Lokey by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 34.61% of the company’s stock.
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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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