Fulton Bank N.A. Acquires 639 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Fulton Bank N.A. increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 11.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,452 shares of the financial services provider’s stock after acquiring an additional 639 shares during the period. Fulton Bank N.A.’s holdings in Houlihan Lokey were worth $774,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC increased its holdings in shares of Houlihan Lokey by 16.9% in the third quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 109 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in Houlihan Lokey by 2.8% during the second quarter. Moneta Group Investment Advisors LLC now owns 4,845 shares of the financial services provider’s stock valued at $476,000 after buying an additional 133 shares during the period. Steph & Co. boosted its stake in Houlihan Lokey by 4.5% during the third quarter. Steph & Co. now owns 3,098 shares of the financial services provider’s stock valued at $332,000 after buying an additional 134 shares during the period. Captrust Financial Advisors boosted its stake in Houlihan Lokey by 5.7% during the third quarter. Captrust Financial Advisors now owns 2,823 shares of the financial services provider’s stock valued at $213,000 after buying an additional 152 shares during the period. Finally, Integrated Investment Consultants LLC boosted its stake in Houlihan Lokey by 2.2% during the third quarter. Integrated Investment Consultants LLC now owns 7,840 shares of the financial services provider’s stock valued at $840,000 after buying an additional 171 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. UBS Group lifted their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $127.00 price objective on shares of Houlihan Lokey in a research note on Monday, January 29th.

Houlihan Lokey Stock Up 1.0 %

NYSE HLI opened at $130.43 on Friday. The stock’s 50-day simple moving average is $126.64 and its two-hundred day simple moving average is $116.09. Houlihan Lokey, Inc. has a twelve month low of $84.44 and a twelve month high of $133.80. The company has a market capitalization of $9.01 billion, a price-to-earnings ratio of 32.36 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The business had revenue of $511.30 million for the quarter, compared to the consensus estimate of $493.02 million. During the same quarter last year, the business posted $1.14 earnings per share. The company’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, equities analysts expect that Houlihan Lokey, Inc. will post 4.36 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.69%. Houlihan Lokey’s payout ratio is 54.59%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 25.97% of the company’s stock.

Houlihan Lokey 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.