1,135 Shares in Houlihan Lokey, Inc. $HLI Purchased by Mutual Advisors LLC

Mutual Advisors LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 2nd quarter, Holdings Channel reports. The fund bought 1,135 shares of the financial services provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Houlihan Lokey by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock valued at $857,017,000 after acquiring an additional 41,030 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Houlihan Lokey by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after buying an additional 22,553 shares in the last quarter. Natixis Advisors LLC lifted its stake in shares of Houlihan Lokey by 3.0% in the first quarter. Natixis Advisors LLC now owns 402,763 shares of the financial services provider’s stock valued at $65,046,000 after buying an additional 11,709 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of Houlihan Lokey by 12.1% in the first quarter. Jennison Associates LLC now owns 344,604 shares of the financial services provider’s stock valued at $55,654,000 after buying an additional 37,300 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Houlihan Lokey in the first quarter valued at about $46,236,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HLI. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets began coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target on the stock. Finally, Morgan Stanley raised their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $212.43.

Houlihan Lokey Stock Performance

NYSE HLI opened at $193.03 on Wednesday. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78. The company has a 50-day simple moving average of $198.30 and a 200 day simple moving average of $183.48. The company has a market capitalization of $13.57 billion, a PE ratio of 32.50 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.45. The business had revenue of $605.35 million during the quarter, compared to the consensus estimate of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.22 earnings per share. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.60 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.2%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 40.40%.

Insider Transactions at Houlihan Lokey

In other news, Chairman Irwin Gold sold 6,811 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock worth $9,477,040 over the last quarter. Corporate insiders own 22.83% of the company’s stock.

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.