Mutual Advisors LLC Makes New Investment in Houlihan Lokey, Inc. $HLI

Mutual Advisors LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,135 shares of the financial services provider’s stock, valued at approximately $222,000.

Several other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC raised its holdings in Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 80 shares during the period. First Horizon Advisors Inc. raised its holdings in Houlihan Lokey by 17.5% in the first quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 82 shares during the period. Callan Family Office LLC raised its holdings in Houlihan Lokey by 6.2% in the first quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock worth $242,000 after purchasing an additional 87 shares during the period. Assetmark Inc. raised its holdings in Houlihan Lokey by 0.9% in the first quarter. Assetmark Inc. now owns 10,653 shares of the financial services provider’s stock worth $1,720,000 after purchasing an additional 93 shares during the period. Finally, Securian Asset Management Inc. raised its holdings in Houlihan Lokey by 2.5% in the first quarter. Securian Asset Management Inc. now owns 4,151 shares of the financial services provider’s stock worth $670,000 after purchasing an additional 100 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HLI shares. BMO Capital Markets started coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. 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 increased their price objective on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Houlihan Lokey currently has an average rating of “Moderate Buy” and an average target price of $212.43.

Houlihan Lokey Price Performance

Shares of HLI opened at $193.03 on Wednesday. The firm has a 50-day moving average of $198.30 and a 200-day moving average of $183.48. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The company has a market cap of $13.57 billion, a PE ratio of 32.50 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 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 during the quarter, compared to the consensus estimate of $573.07 million. During the same quarter last year, the firm posted $1.22 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 40.40%.

Insider Buying and Selling

In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 2nd. The shares were 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 is accessible 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 transaction of $7,998,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,311 shares of company stock valued at $9,477,040. Company insiders own 22.83% of the company’s stock.

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.