Analysts at StockNews.com initiated coverage on shares of Houlihan Lokey (NYSE:HLI – Get Rating) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the financial services provider’s stock.
Separately, Keefe, Bruyette & Woods upped their price objective on Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus price target of $89.60.
Houlihan Lokey Stock Up 1.5 %
Shares of NYSE HLI opened at $90.04 on Thursday. The business’s 50 day moving average price is $95.34 and its 200 day moving average price is $89.80. The firm has a market cap of $6.18 billion, a P/E ratio of 23.88 and a beta of 0.78. Houlihan Lokey has a 52 week low of $74.18 and a 52 week high of $102.36.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the business. FDx Advisors Inc. raised its stake in shares of Houlihan Lokey by 2.6% during the 4th quarter. FDx Advisors Inc. now owns 4,173 shares of the financial services provider’s stock worth $364,000 after buying an additional 107 shares during the period. First Bank & Trust raised its stake in Houlihan Lokey by 3.2% in the 4th quarter. First Bank & Trust now owns 3,499 shares of the financial services provider’s stock valued at $305,000 after purchasing an additional 109 shares during the last quarter. Amalgamated Bank raised its stake in Houlihan Lokey by 1.4% in the 4th quarter. Amalgamated Bank now owns 8,211 shares of the financial services provider’s stock valued at $716,000 after purchasing an additional 116 shares during the last quarter. CWM LLC raised its stake in Houlihan Lokey by 0.7% in the 4th quarter. CWM LLC now owns 18,877 shares of the financial services provider’s stock valued at $1,645,000 after purchasing an additional 134 shares during the last quarter. Finally, Formidable Asset Management LLC raised its stake in Houlihan Lokey by 2.4% in the 3rd quarter. Formidable Asset Management LLC now owns 5,830 shares of the financial services provider’s stock valued at $440,000 after purchasing an additional 138 shares during the last quarter. 70.74% of the stock is owned by institutional investors and hedge funds.
About Houlihan Lokey
Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.
- Get a free copy of the StockNews.com research report on Houlihan Lokey (HLI)
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