Houlihan Lokey, Inc. (NYSE:HLI) was upgraded by stock analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Monday.

Several other brokerages also recently commented on HLI. Zacks Investment Research downgraded shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Bank of America Corporation downgraded shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $36.00 to $38.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $40.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 27th. UBS AG reaffirmed 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. Finally, BidaskClub downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $39.40.

Houlihan Lokey (NYSE HLI) opened at 35.40 on Monday. The firm has a 50-day moving average of $36.28 and a 200-day moving average of $33.98. Houlihan Lokey has a 52 week low of $23.19 and a 52 week high of $39.68. The company has a market cap of $2.37 billion, a price-to-earnings ratio of 18.35 and a beta of 0.31.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $217 million during the quarter, compared to the consensus estimate of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.35 EPS. Equities analysts forecast that Houlihan Lokey will post $2.05 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Houlihan Lokey by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock valued at $58,003,000 after buying an additional 58,257 shares during the period. Royce & Associates LP increased its stake in shares of Houlihan Lokey by 32.0% in the first quarter. Royce & Associates LP now owns 1,628,848 shares of the financial services provider’s stock valued at $56,114,000 after buying an additional 395,001 shares during the period. Ariel Investments LLC increased its stake in shares of Houlihan Lokey by 49.9% in the first quarter. Ariel Investments LLC now owns 1,566,735 shares of the financial services provider’s stock valued at $53,974,000 after buying an additional 521,765 shares during the period. Neuberger Berman Group LLC increased its stake in shares of Houlihan Lokey by 122.1% in the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock valued at $41,645,000 after buying an additional 655,940 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of Houlihan Lokey by 37.9% in the first quarter. Alliancebernstein L.P. now owns 960,905 shares of the financial services provider’s stock valued at $33,103,000 after buying an additional 264,142 shares during the period. 32.66% of the stock is owned by institutional investors.

About Houlihan Lokey

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.

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