JMP Securities Reaffirms “Market Perform” Rating for Houlihan Lokey (NYSE:HLI)

Houlihan Lokey (NYSE:HLI)‘s stock had its “market perform” rating restated by equities research analysts at JMP Securities in a research report issued to clients and investors on Wednesday,Benzinga reports.

Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price objective for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $194.20.

Houlihan Lokey Price Performance

HLI stock traded down $4.26 during midday trading on Wednesday, reaching $179.81. 137,815 shares of the company’s stock traded hands, compared to its average volume of 409,980. Houlihan Lokey has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The business has a 50-day moving average price of $179.23 and a two-hundred day moving average price of $166.59. The company has a market capitalization of $12.50 billion, a P/E ratio of 36.77 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. As a group, research analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Institutional Trading of Houlihan Lokey

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can raised its stake in Houlihan Lokey by 5.1% during the second quarter. Bank of Montreal Can now owns 24,178 shares of the financial services provider’s stock worth $3,285,000 after acquiring an additional 1,171 shares during the period. AQR Capital Management LLC raised its position in shares of Houlihan Lokey by 73.9% during the 2nd quarter. AQR Capital Management LLC now owns 11,396 shares of the financial services provider’s stock worth $1,537,000 after purchasing an additional 4,844 shares during the period. Algert Global LLC lifted its holdings in shares of Houlihan Lokey by 9.8% in the 2nd quarter. Algert Global LLC now owns 14,599 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 1,299 shares during the last quarter. Creative Planning boosted its position in Houlihan Lokey by 10.7% during the 2nd quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock valued at $487,000 after purchasing an additional 350 shares during the period. Finally, NewEdge Advisors LLC grew its stake in Houlihan Lokey by 19.4% during the 2nd quarter. NewEdge Advisors LLC now owns 23,556 shares of the financial services provider’s stock worth $3,177,000 after buying an additional 3,824 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

About Houlihan Lokey

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.