Fox Run Management L.L.C. Acquires New Holdings in Houlihan Lokey, Inc. $HLI

Fox Run Management L.L.C. bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the second quarter, Holdings Channel.com reports. The firm bought 7,681 shares of the financial services provider’s stock, valued at approximately $1,382,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Legacy Wealth Asset Management LLC increased its holdings in shares of Houlihan Lokey by 3.3% during the second quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock worth $345,000 after buying an additional 61 shares in the last quarter. Bogart Wealth LLC grew its position in Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Callan Family Office LLC grew its position in Houlihan Lokey by 6.2% during the 1st quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 87 shares during the last quarter. Vista Finance LLC increased its holdings in Houlihan Lokey by 4.1% in the 2nd quarter. Vista Finance LLC now owns 2,228 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 87 shares in the last quarter. Finally, OneAscent Wealth Management LLC increased its holdings in Houlihan Lokey by 5.9% in the 2nd quarter. OneAscent Wealth Management LLC now owns 1,572 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 87 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is currently owned by insiders.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $180.42 on Friday. The stock has a market capitalization of $12.69 billion, a PE ratio of 30.37 and a beta of 0.88. The business’s 50 day simple moving average is $196.81 and its 200 day simple moving average is $187.03. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm had revenue of $659.45 million for the quarter, compared to the consensus estimate of $639.08 million. During the same quarter in the previous year, the company earned $1.46 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s payout ratio is presently 38.71%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HLI. Wells Fargo & Company lifted their price target on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. BMO Capital Markets initiated coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price objective for the company. Wall Street Zen downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Morgan Stanley upped their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Houlihan Lokey in a research note on Thursday, October 9th. They set a “hold” rating and a $210.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Houlihan Lokey has an average rating of “Moderate Buy” and an average target price of $212.43.

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.