Houlihan Lokey (NYSE:HLI) PT Lowered to $51.00

Houlihan Lokey (NYSE:HLI) had its target price cut by Buckingham Research from $53.00 to $51.00 in a report issued on Thursday, BenzingaRatingsTable reports. They currently have a buy rating on the financial services provider’s stock.

Several other brokerages also recently weighed in on HLI. Zacks Investment Research downgraded ExlService from a hold rating to a sell rating in a report on Wednesday, July 10th. JMP Securities cut their price target on BioCryst Pharmaceuticals from $18.00 to $10.00 and set an outperform rating on the stock in a report on Thursday, May 23rd. Goldman Sachs Group restated a sell rating and set a $45.00 price target on shares of Intel in a report on Wednesday, April 3rd. Finally, ValuEngine downgraded Intersect ENT from a buy rating to a hold rating in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Houlihan Lokey presently has a consensus rating of Buy and an average target price of $50.08.

Shares of Houlihan Lokey stock opened at $43.45 on Thursday. Houlihan Lokey has a 52 week low of $34.31 and a 52 week high of $53.20. The company has a fifty day simple moving average of $45.26. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 15.14, a PEG ratio of 1.16 and a beta of 0.97. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $0.86 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.17. Houlihan Lokey had a return on equity of 22.31% and a net margin of 14.67%. The company had revenue of $291.40 million for the quarter, compared to the consensus estimate of $266.26 million. During the same quarter in the prior year, the business earned $0.65 EPS. Houlihan Lokey’s revenue was up 19.0% on a year-over-year basis. On average, research analysts expect that Houlihan Lokey will post 2.99 earnings per share for the current year.

In other news, major shareholder Orix Hlhz Holding Llc sold 3,000,000 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $45.52, for a total value of $136,560,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 80.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in Houlihan Lokey by 253.2% during the fourth quarter. Advisory Services Network LLC now owns 1,939 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 1,390 shares during the period. Private Capital Group LLC lifted its position in Houlihan Lokey by 259.0% during the first quarter. Private Capital Group LLC now owns 2,014 shares of the financial services provider’s stock worth $92,000 after buying an additional 1,453 shares during the period. SG Americas Securities LLC purchased a new position in Houlihan Lokey during the first quarter worth about $126,000. Advisor Group Inc. lifted its position in Houlihan Lokey by 41.8% during the fourth quarter. Advisor Group Inc. now owns 4,094 shares of the financial services provider’s stock worth $151,000 after buying an additional 1,207 shares during the period. Finally, Hsbc Holdings PLC lifted its position in Houlihan Lokey by 13.6% during the fourth quarter. Hsbc Holdings PLC now owns 6,055 shares of the financial services provider’s stock worth $222,000 after buying an additional 725 shares during the period. Institutional investors and hedge funds own 58.05% of the company’s stock.

About Houlihan Lokey

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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