Beverly Hills Private Wealth LLC Cuts Stock Position in Houlihan Lokey, Inc. $HLI

Beverly Hills Private Wealth LLC decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 12.5% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,049 shares of the financial services provider’s stock after selling 436 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Houlihan Lokey were worth $549,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of HLI. Bogart Wealth LLC grew its stake in shares of Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Motco purchased a new stake in shares of Houlihan Lokey during the first quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in shares of Houlihan Lokey during the first quarter worth about $33,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $34,000. Finally, TCTC Holdings LLC grew its stake in shares of Houlihan Lokey by 103.5% during the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.3%

Shares of NYSE:HLI opened at $192.68 on Tuesday. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The company has a market capitalization of $13.55 billion, a PE ratio of 32.44 and a beta of 0.87. The business has a 50 day moving average of $198.31 and a two-hundred day moving average of $183.41.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The company had revenue of $605.35 million during the quarter, compared to the consensus estimate of $573.07 million. During the same period in the previous year, the company posted $1.22 earnings per share. Houlihan Lokey’s revenue for the quarter was up 17.8% on a year-over-year basis. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal 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 issued a $0.60 dividend. The ex-dividend date of this dividend 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 presently 40.40%.

Analyst Ratings Changes

HLI has been the topic of a number of research analyst reports. BMO Capital Markets initiated coverage on Houlihan Lokey in a research note on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target on the stock. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a report on Monday, October 13th. Wall Street Zen downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $212.43.

Insider Buying and Selling at Houlihan Lokey

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

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.