Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Sells $155,290.00 in Stock

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Houlihan Lokey Stock Performance

HLI opened at $151.45 on Wednesday. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 36.85 and a beta of 0.67. The firm’s 50-day simple moving average is $145.82 and its 200-day simple moving average is $135.27. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $157.58.

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

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.51%. Houlihan Lokey’s dividend payout ratio is 55.47%.

Hedge Funds Weigh In On Houlihan Lokey

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in shares of Houlihan Lokey by 31.7% in the fourth quarter. Van ECK Associates Corp now owns 14,289 shares of the financial services provider’s stock valued at $1,713,000 after buying an additional 3,439 shares during the last quarter. Victory Capital Management Inc. increased its position in Houlihan Lokey by 32.4% in the 4th quarter. Victory Capital Management Inc. now owns 59,208 shares of the financial services provider’s stock valued at $7,100,000 after acquiring an additional 14,475 shares in the last quarter. Amalgamated Bank increased its position in Houlihan Lokey by 265.9% in the 4th quarter. Amalgamated Bank now owns 33,634 shares of the financial services provider’s stock valued at $4,033,000 after acquiring an additional 24,441 shares in the last quarter. M&T Bank Corp raised its stake in shares of Houlihan Lokey by 13.7% in the fourth quarter. M&T Bank Corp now owns 4,379 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 526 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Houlihan Lokey by 3.3% during the fourth quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on HLI. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Morgan Stanley lifted their price objective on Houlihan Lokey from $131.00 to $148.00 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Finally, UBS Group upped their price objective on 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 company. Based on data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $150.25.

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.