Sequoia Financial Advisors LLC Makes New $883,000 Investment in Houlihan Lokey, Inc. $HLI

Sequoia Financial Advisors LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the second quarter, HoldingsChannel reports. The fund acquired 4,905 shares of the financial services provider’s stock, valued at approximately $883,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its holdings 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. Motco bought a new stake in Houlihan Lokey during the 1st quarter worth about $29,000. Brooklyn Investment Group bought a new stake in Houlihan Lokey during the 1st quarter worth about $33,000. Trust Co. of Toledo NA OH bought a new stake in Houlihan Lokey during the 2nd quarter worth about $34,000. Finally, TCTC Holdings LLC grew its holdings in Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Activity

In related news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Irwin Gold sold 6,811 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock worth $9,477,040 over the last ninety days. Insiders own 22.83% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Morgan Stanley raised their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods reduced their target price on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research note on Monday, October 13th. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $212.43.

Houlihan Lokey Stock Up 1.0%

NYSE HLI opened at $190.36 on Friday. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The company has a market capitalization of $13.38 billion, a PE ratio of 32.05 and a beta of 0.87. The firm’s 50 day moving average is $198.26 and its 200-day moving average is $182.88.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company had revenue of $605.35 million for the quarter, compared to the consensus estimate of $573.07 million. During the same period last year, the company earned $1.22 earnings per share. The firm’s revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.60 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. Houlihan Lokey’s dividend payout ratio (DPR) is 40.40%.

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.