Services

How Analysts Rate Houlihan Lokey After Quiet Period

Houlihan Lokey Inc. (NYSE: HLI) recently completed its initial public offering (IPO). We now have a view of how analysts are rating the firm since the underwriters’ imposed quiet period has now expired.

On August 12 Houlihan Lokey announced the pricing of its IPO. Some 10,500,000 Class A shares were sold at a public offering price of $21.00 per share.

All the shares were being offered by an affiliate of ORIX USA and certain of the company’s employees and members of management. Houlihan Lokey said at the time that it would not receive any proceeds from the offering, including from any exercise by the underwriters of their option to purchase additional shares.

Houlihan Lokey official ratings were featured as follows:

  • UBS started it as Buy with a $25.00 price target.
  • Goldman Sachs started it as Neutral with a $25.00 price target.
  • JMP Securities started it as Market Perform with a $27.00 price target.
  • Keefe Bruyette & Woods started it as Outperform with a $28.00 price target.
  • Bank of America Merrill Lynch started it as Buy with a $26.00 price objective.

Houlihan Lokey closed at $22.35 on Friday, and it has a post-IPO range of $18.22 to $23.10. Despite a strong market on Tuesday, the shares were down 1.4% at $22.03, and its post-IPO trading range has been $18.22 to $23.10. Houlihan Lokey has a market cap of roughly $1.4 billion.

Another disappointment would be that this stock has traded only about 100,000 shares, with about two hours until the close of trading. Its volume was 4.71 million shares on the opening day of August 13, and trading volume has tapered off since.

ALSO READ: 3 Stocks to Buy That Got Hit Despite Great Earnings and Prospects

Are You Still Paying With a Debit Card?

The average American spends $17,274 on debit cards a year, and it’s a HUGE mistake. First, debit cards don’t have the same fraud protections as credit cards. Once your money is gone, it’s gone. But more importantly you can actually get something back from this spending every time you swipe.

Issuers are handing out wild bonuses right now. With some you can earn up to 5% back on every purchase. That’s like getting a 5% discount on everything you buy!

Our top pick is kind of hard to imagine. Not only does it pay up to 5% back, it also includes a $200 cash back reward in the first six months, a 0% intro APR, and…. $0 annual fee. It’s quite literally free money for any one that uses a card regularly. Click here to learn more!

 

Flywheel Publishing has partnered with CardRatings to provide coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.

AI Portfolio

Discover Our Top AI Stocks

Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.

You can follow him investing $500,000 of his own money on our top AI stocks for free.