Houlihan Lokey, Inc. (NYSE:HLI) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other brokerages have also weighed in on HLI. UBS AG restated a “buy” rating and set a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 27th. Zacks Investment Research lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub lowered Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, J P Morgan Chase & Co assumed coverage on Houlihan Lokey in a research report on Tuesday. They set an “overweight” rating and a $42.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $39.83.

Houlihan Lokey (NYSE:HLI) traded down 0.30% during trading on Friday, reaching $36.37. The company had a trading volume of 680,411 shares. The firm has a market capitalization of $2.43 billion, a PE ratio of 18.85 and a beta of 0.34. The firm’s 50 day moving average price is $35.99 and its 200 day moving average price is $34.63. Houlihan Lokey has a 12-month low of $23.19 and a 12-month high of $39.68.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $217.00 million for the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. Houlihan Lokey’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. Analysts anticipate that Houlihan Lokey will post $2.04 earnings per share for the current year.

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In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 69.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLI. SG Americas Securities LLC bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $105,000. Tower Research Capital LLC TRC grew its position in shares of Houlihan Lokey by 122.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after buying an additional 2,371 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Houlihan Lokey by 9.1% in the 1st quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the last quarter. Legal & General Group Plc grew its position in shares of Houlihan Lokey by 37.8% in the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Houlihan Lokey in the 1st quarter valued at about $182,000. Hedge funds and other institutional investors own 32.18% of the company’s stock.

About Houlihan Lokey

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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