Crewe Advisors LLC Acquires 164 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Crewe Advisors LLC raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 264.5% in the second quarter, Holdings Channel reports. The fund owned 226 shares of the financial services provider’s stock after purchasing an additional 164 shares during the quarter. Crewe Advisors LLC’s holdings in Houlihan Lokey were worth $30,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of Houlihan Lokey during the second quarter worth $26,000. Accent Capital Management LLC acquired a new position in Houlihan Lokey in the 4th quarter worth about $42,000. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 265 shares in the last quarter. Mather Group LLC. bought a new stake in shares of Houlihan Lokey during the first quarter worth about $74,000. Finally, Principal Securities Inc. bought a new stake in shares of Houlihan Lokey during the fourth quarter worth about $82,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Houlihan Lokey

In other 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 38,419 shares of company stock valued at $5,297,213. Corporate insiders own 25.97% of the company’s stock.

Houlihan Lokey Trading Up 1.4 %

Shares of Houlihan Lokey stock opened at $156.62 on Friday. The business has a 50-day moving average price of $144.89 and a two-hundred day moving average price of $134.85. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $157.58. The company has a market cap of $10.74 billion, a P/E ratio of 38.11 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last released 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. The business had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders 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 yield of 1.46%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey’s payout ratio is 55.47%.

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.