VestGen Investment Management Sells 404 Shares of Houlihan Lokey, Inc. $HLI

VestGen Investment Management reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 9.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,697 shares of the financial services provider’s stock after selling 404 shares during the quarter. VestGen Investment Management’s holdings in Houlihan Lokey were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLI. GAMMA Investing LLC grew its holdings in shares of Houlihan Lokey by 145.7% in the 1st quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 2,520 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Houlihan Lokey by 129.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the financial services provider’s stock valued at $583,000 after purchasing an additional 2,036 shares during the last quarter. Golden State Wealth Management LLC grew its stake in Houlihan Lokey by 101.0% in the first quarter. Golden State Wealth Management LLC now owns 613 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 308 shares in the last quarter. Park Place Capital Corp increased its position in shares of Houlihan Lokey by 47.7% during the 1st quarter. Park Place Capital Corp now owns 749 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 242 shares during the last quarter. Finally, Monument Capital Management raised its stake in Houlihan Lokey by 3.0% in the 1st quarter. Monument Capital Management now owns 17,374 shares of the financial services provider’s stock valued at $2,806,000 after acquiring an additional 513 shares during the period. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HLI has been the topic of several research reports. BMO Capital Markets started coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a report on Saturday. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target for the company. One 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’s stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 2nd. The shares were 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. Insiders sold a total of 47,311 shares of company stock worth $9,477,040 in the last three months. 22.83% of the stock is owned by corporate insiders.

Houlihan Lokey Price Performance

NYSE HLI opened at $199.49 on Friday. The business has a fifty day moving average price of $198.49 and a two-hundred day moving average price of $184.62. The stock has a market capitalization of $14.03 billion, a PE ratio of 33.58 and a beta of 0.87. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping 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 analysts’ expectations of $573.07 million. During the same quarter in the previous year, the firm earned $1.22 EPS. Houlihan Lokey’s revenue was up 17.8% on a year-over-year basis. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

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

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.