Houlihan Lokey, Inc. (NYSE:HLI) Director Sells $30,456.00 in Stock

Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Gillian Beth Zucker also recently made the following trade(s):

• On Tuesday, August 20th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00.

Houlihan Lokey Trading Up 1.7 %

Shares of HLI opened at $154.08 on Monday. The business’s 50-day moving average price is $148.61 and its 200 day moving average price is $136.47. The stock has a market capitalization of $10.71 billion, a P/E ratio of 37.49 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $157.58.

Houlihan Lokey (NYSE:HLI) last released its earnings results 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 business had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. During the same period last year, the firm posted $0.89 earnings per share. The firm’s quarterly revenue was up 23.6% compared to the same quarter last year. On average, research analysts predict that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.48%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 55.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HLI. Morgan Stanley boosted their target price on 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 reiterated a “market perform” rating and issued a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. UBS Group lifted their price objective on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday. They set an “underweight” rating and a $149.00 target price for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $150.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HLI. Private Advisor Group LLC grew its stake in Houlihan Lokey by 3.3% during the 4th quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 102 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Houlihan Lokey by 3.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 430,152 shares of the financial services provider’s stock valued at $51,580,000 after purchasing an additional 14,985 shares in the last quarter. Principal Securities Inc. purchased a new position in Houlihan Lokey during the fourth quarter valued at approximately $82,000. BNP Paribas Financial Markets increased its stake in Houlihan Lokey by 122.6% in the 4th quarter. BNP Paribas Financial Markets now owns 14,130 shares of the financial services provider’s stock valued at $1,694,000 after buying an additional 7,782 shares during the period. Finally, QRG Capital Management Inc. lifted its position in Houlihan Lokey by 9.8% in the 4th quarter. QRG Capital Management Inc. now owns 2,446 shares of the financial services provider’s stock worth $293,000 after buying an additional 218 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

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.