Houlihan Lokey, Inc. (NYSE:HLI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six ratings firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $183.40.

A number of brokerages have commented on HLI. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. UBS Group raised their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th.

Houlihan Lokey Trading Up 1.9 %

Shares of NYSE HLI traded up $3.05 during midday trading on Friday, reaching $166.95. The company had a trading volume of 515,323 shares, compared to its average volume of 350,895. Houlihan Lokey has a 1 year low of $127.14 and a 1 year high of $192.10. The business's 50-day simple moving average is $158.62 and its 200 day simple moving average is $171.55. The stock has a market cap of $11.71 billion, a P/E ratio of 31.86 and a beta of 0.82.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Barclays PLC raised its holdings in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after purchasing an additional 6,483 shares during the period. Tidal Investments LLC increased its position in shares of Houlihan Lokey by 14.1% in the third quarter. Tidal Investments LLC now owns 16,695 shares of the financial services provider's stock valued at $2,638,000 after buying an additional 2,061 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $24,177,000. GAMMA Investing LLC lifted its position in shares of Houlihan Lokey by 21.6% during the 4th quarter. GAMMA Investing LLC now owns 1,730 shares of the financial services provider's stock valued at $300,000 after buying an additional 307 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in Houlihan Lokey by 5.8% in the 4th quarter. Fulton Bank N.A. now owns 7,621 shares of the financial services provider's stock valued at $1,323,000 after acquiring an additional 418 shares during the period. Institutional investors and hedge funds 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.