8,062 Shares in Houlihan Lokey, Inc. $HLI Acquired by Highland Capital Management LLC

Highland Capital Management LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, Holdings Channel.com reports. The fund bought 8,062 shares of the financial services provider’s stock, valued at approximately $1,451,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLI. 111 Capital acquired a new stake in shares of Houlihan Lokey during the second quarter worth $231,000. QRG Capital Management Inc. boosted its position in Houlihan Lokey by 9.4% during the second quarter. QRG Capital Management Inc. now owns 5,457 shares of the financial services provider’s stock valued at $982,000 after acquiring an additional 470 shares during the last quarter. J2 Capital Management Inc boosted its position in Houlihan Lokey by 37.4% during the second quarter. J2 Capital Management Inc now owns 2,315 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 630 shares during the last quarter. PineStone Asset Management Inc. grew its holdings in Houlihan Lokey by 7.3% during the 2nd quarter. PineStone Asset Management Inc. now owns 74,495 shares of the financial services provider’s stock worth $13,405,000 after acquiring an additional 5,100 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Houlihan Lokey by 12.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 52,622 shares of the financial services provider’s stock worth $9,469,000 after acquiring an additional 5,757 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.1%

Shares of HLI opened at $201.24 on Monday. The business’s fifty day moving average is $198.15 and its 200 day moving average is $181.06. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The stock has a market cap of $14.15 billion, a P/E ratio of 33.88 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. The business had revenue of $605.35 million during the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. Houlihan Lokey’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.22 EPS. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Houlihan Lokey’s payout ratio is 40.40%.

Wall Street Analyst Weigh In

HLI has been the topic of several research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Saturday, September 27th. Wells Fargo & Company increased their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets began coverage on shares of Houlihan Lokey in a research note on Friday. They set an “outperform” rating and a $230.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $213.83.

Insiders Place Their Bets

In related news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,311 shares of company stock valued at $9,477,040. Corporate insiders own 22.83% of the company’s stock.

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.