Houlihan Lokey (NYSE:HLI) PT Raised to $170.00

Houlihan Lokey (NYSE:HLI) had its price target increased by UBS Group from $157.00 to $170.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. UBS Group’s price target indicates a potential upside of 12.78% from the company’s previous close.

HLI has been the topic of a number of other research reports. Morgan Stanley lifted their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey has an average rating of “Hold” and a consensus price target of $157.33.

Houlihan Lokey Trading Up 1.4 %

Shares of NYSE:HLI traded up $2.08 during trading on Wednesday, reaching $150.74. 154,269 shares of the company traded hands, compared to its average volume of 335,554. Houlihan Lokey has a 52-week low of $94.67 and a 52-week high of $152.56. The firm has a market capitalization of $10.34 billion, a price-to-earnings ratio of 36.27 and a beta of 0.67. The business’s fifty day moving average is $136.46 and its 200-day moving average is $130.39.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. The company had revenue of $514.00 million for the quarter, compared to analysts’ expectations of $508.70 million. During the same period last year, the firm earned $0.89 earnings per share. Houlihan Lokey’s quarterly revenue was up 23.6% on a year-over-year basis. On average, sell-side analysts predict that Houlihan Lokey will post 5.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. Corporate insiders own 25.97% of the company’s stock.

Institutional Trading of Houlihan Lokey

A number of institutional investors and hedge funds have recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey during the second quarter valued at $26,000. Crewe Advisors LLC lifted its position in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Accent Capital Management LLC purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $42,000. Benjamin F. Edwards & Company Inc. boosted its holdings in Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 265 shares during the last quarter. Finally, Mather Group LLC. bought a new stake in Houlihan Lokey in the 1st quarter worth approximately $74,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.