Houlihan Lokey (NYSE:HLI) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Houlihan Lokey (NYSE:HLI – Get Rating) in a research report issued on Thursday. The firm set a “hold” rating on the financial services provider’s stock.

Separately, Keefe, Bruyette & Woods boosted their target price on shares of Houlihan Lokey from $90.00 to $95.00 and gave the company a “market perform” rating in a research note on Tuesday, January 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.60.

Houlihan Lokey Trading Up 1.5 %

Shares of HLI opened at $90.04 on Thursday. The firm has a market capitalization of $6.18 billion, a P/E ratio of 23.88 and a beta of 0.78. Houlihan Lokey has a 12-month low of $74.18 and a 12-month high of $102.36. The firm has a fifty day moving average price of $95.34 and a 200-day moving average price of $89.80.

Houlihan Lokey (NYSE:HLI – Get Rating) last issued its earnings results on Tuesday, January 31st. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.02. The firm had revenue of $456.50 million during the quarter, compared to analyst estimates of $470.81 million. Houlihan Lokey had a net margin of 14.15% and a return on equity of 22.28%. The business’s revenue was down 48.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.90 earnings per share. Analysts predict that Houlihan Lokey will post 4.57 earnings per share for the current year.

Institutional Trading of Houlihan Lokey

Several institutional investors and hedge funds have recently made changes to their positions in HLI. Glenmede Trust Co. NA bought a new position in Houlihan Lokey in the third quarter worth about $353,000. Sei Investments Co. raised its holdings in Houlihan Lokey by 24.0% in the second quarter. Sei Investments Co. now owns 483,880 shares of the financial services provider’s stock worth $38,192,000 after purchasing an additional 93,693 shares in the last quarter. Guggenheim Capital LLC raised its holdings in Houlihan Lokey by 6.8% in the third quarter. Guggenheim Capital LLC now owns 10,902 shares of the financial services provider’s stock worth $822,000 after purchasing an additional 698 shares in the last quarter. Summit Global Investments raised its holdings in Houlihan Lokey by 5.3% in the third quarter. Summit Global Investments now owns 64,610 shares of the financial services provider’s stock worth $4,870,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Natixis Advisors L.P. raised its holdings in Houlihan Lokey by 6.3% in the second quarter. Natixis Advisors L.P. now owns 278,313 shares of the financial services provider’s stock worth $21,967,000 after purchasing an additional 16,552 shares in the last quarter. 70.74% of the stock is currently owned by institutional investors.

About Houlihan Lokey

(Get Rating)

Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.