Net Worth Advisory Group Invests $325,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Net Worth Advisory Group purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,056 shares of the financial services provider’s stock, valued at approximately $325,000.

Several other institutional investors and hedge funds have also modified their holdings of HLI. Millennium Management LLC grew its holdings in Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after purchasing an additional 499,535 shares during the last quarter. Jennison Associates LLC grew its stake in Houlihan Lokey by 87.2% in the 1st quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock valued at $44,503,000 after buying an additional 161,753 shares during the last quarter. Vanguard Group Inc. lifted its position in Houlihan Lokey by 2.9% during the 4th quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock worth $608,459,000 after acquiring an additional 143,560 shares during the last quarter. PineStone Asset Management Inc. bought a new stake in Houlihan Lokey during the second quarter valued at about $10,141,000. Finally, Earnest Partners LLC grew its position in shares of Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock valued at $441,507,000 after purchasing an additional 62,314 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.2 %

NYSE HLI opened at $173.57 on Monday. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $175.21. The stock has a market cap of $11.90 billion, a P/E ratio of 42.23 and a beta of 0.66. The company’s 50-day simple moving average is $157.54 and its 200 day simple moving average is $142.88.

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

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

Insider Activity at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Chairman Scott L. Beiser sold 8,317 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the sale, the director now directly owns 7,001 shares of the company’s stock, valued at $1,067,582.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,917 shares of company stock valued at $1,513,129 in the last ninety days. Insiders own 25.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Morgan Stanley boosted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.00.

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.