Houlihan Lokey (NYSE:HLI – Get Free Report) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday,Zacks.com reports.
HLI has been the subject of several other research reports. BMO Capital Markets raised their target price on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Weiss Ratings lowered Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, April 21st. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group set a $160.00 price target on shares of Houlihan Lokey in a report on Thursday, May 7th. Finally, The Goldman Sachs Group decreased their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $191.29.
View Our Latest Stock Report on HLI
Houlihan Lokey Price Performance
Houlihan Lokey (NYSE:HLI – Get Free Report) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The firm had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. During the same quarter in the previous year, the business earned $1.96 earnings per share. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. Analysts anticipate that Houlihan Lokey will post 8.54 earnings per share for the current year.
Insider Activity
In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the sale, the general counsel directly owned 500 shares in the company, valued at $71,700. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by corporate insiders.
Institutional Trading of Houlihan Lokey
A number of institutional investors have recently added to or reduced their stakes in the business. Westside Investment Management Inc. lifted its stake in shares of Houlihan Lokey by 64.4% in the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Root Financial Partners LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $31,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $26,000. Oakworth Capital Inc. acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth about $29,000. Finally, Core Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth about $32,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.
About Houlihan Lokey
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.
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