Police & Firemen s Retirement System of New Jersey Boosts Stock Position in Houlihan Lokey, Inc. $HLI

Police & Firemen s Retirement System of New Jersey increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 20,351 shares of the financial services provider’s stock after purchasing an additional 1,201 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Houlihan Lokey were worth $3,662,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC increased its position in shares of Houlihan Lokey by 85.6% during the first quarter. Signaturefd LLC now owns 644 shares of the financial services provider’s stock valued at $104,000 after buying an additional 297 shares during the period. Kestra Private Wealth Services LLC increased its holdings in Houlihan Lokey by 47.3% during the 1st quarter. Kestra Private Wealth Services LLC now owns 6,531 shares of the financial services provider’s stock worth $1,055,000 after acquiring an additional 2,098 shares during the period. OneAscent Financial Services LLC increased its holdings in Houlihan Lokey by 59.7% during the 1st quarter. OneAscent Financial Services LLC now owns 3,176 shares of the financial services provider’s stock worth $516,000 after acquiring an additional 1,187 shares during the period. IFP Advisors Inc lifted its stake in Houlihan Lokey by 67.0% in the 1st quarter. IFP Advisors Inc now owns 1,678 shares of the financial services provider’s stock worth $275,000 after purchasing an additional 673 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Houlihan Lokey during the 1st quarter valued at $1,168,000. Institutional investors own 78.07% of the company’s stock.

Insider Activity

In related news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company’s stock in a transaction on 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 three months, insiders have sold 47,311 shares of company stock valued at $9,477,040. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Down 0.3%

Houlihan Lokey stock opened at $179.85 on Monday. The firm has a fifty day simple moving average of $195.36 and a two-hundred day simple moving average of $188.21. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78. The company has a market capitalization of $12.60 billion, a PE ratio of 30.28 and a beta of 0.88.

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

Houlihan Lokey Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HLI. Morgan Stanley increased their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Wall Street Zen lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of Houlihan Lokey in a research note on Thursday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $212.43.

About Houlihan Lokey

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.