Hantz Financial Services Inc. Makes New $439,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Hantz Financial Services Inc. purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,258 shares of the financial services provider’s stock, valued at approximately $439,000.

A number of other hedge funds have also modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Houlihan Lokey in the second quarter worth $26,000. Crewe Advisors LLC lifted its holdings in shares of Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares in the last quarter. Accent Capital Management LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter worth $42,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after buying an additional 265 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Houlihan Lokey in the first quarter worth $74,000. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on HLI. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Finally, UBS Group upped their price target on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $150.25.

Insider Transactions at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the transaction, the director now directly owns 7,001 shares in the company, valued at $1,067,582.49. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00. Following the transaction, the director now owns 7,001 shares in the company, valued at $1,067,582.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 38,419 shares of company stock worth $5,297,213. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Trading Up 1.4 %

Shares of HLI opened at $156.62 on Monday. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $157.58. The company has a market cap of $10.89 billion, a P/E ratio of 38.11 and a beta of 0.67. The company’s fifty day simple moving average is $144.89 and its 200-day simple moving average is $134.95.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. The firm had revenue of $514.00 million for the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.89 earnings per share. Analysts predict that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey’s payout ratio is presently 55.47%.

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.