Shares of Houlihan Lokey Inc (NYSE:HLI) have been assigned an average rating of “Hold” from the eight analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $54.17.
A number of equities analysts recently weighed in on HLI shares. UBS Group reduced their target price on shares of Houlihan Lokey from $57.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, October 8th. Zacks Investment Research lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. ValuEngine lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Friday, September 28th. Sandler O’Neill reaffirmed a “hold” rating and issued a $52.00 target price on shares of Houlihan Lokey in a research note on Thursday, August 2nd. Finally, Bank of America upped their target price on shares of Houlihan Lokey from $50.00 to $55.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 26th.
NYSE HLI traded down $0.39 on Friday, reaching $42.02. The company had a trading volume of 7,971 shares, compared to its average volume of 238,943. The firm has a market cap of $2.87 billion, a PE ratio of 17.64, a PEG ratio of 1.06 and a beta of 0.48. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.01. Houlihan Lokey has a 1-year low of $40.69 and a 1-year high of $53.20.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, July 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.05). The company had revenue of $220.00 million during the quarter, compared to analyst estimates of $230.85 million. Houlihan Lokey had a return on equity of 19.74% and a net margin of 16.85%. Houlihan Lokey’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.50 earnings per share. Equities research analysts forecast that Houlihan Lokey will post 2.67 EPS for the current year.
In other news, major shareholder Orix Hlhz Holding Llc sold 42,474 shares of the stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $48.12, for a total transaction of $2,043,848.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 869,153 shares of company stock valued at $42,081,369. Company insiders own 80.50% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Houlihan Lokey during the 1st quarter worth about $109,000. Hartford Investment Management Co. bought a new position in Houlihan Lokey in the 2nd quarter valued at about $216,000. Amalgamated Bank bought a new position in Houlihan Lokey in the 2nd quarter valued at about $233,000. Capital Fund Management S.A. bought a new position in Houlihan Lokey in the 2nd quarter valued at about $246,000. Finally, Xact Kapitalforvaltning AB bought a new position in Houlihan Lokey in the 2nd quarter valued at about $249,000. Institutional investors own 51.66% of the company’s stock.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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