Houlihan Lokey, Inc. $HLI Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 157.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,227 shares of the financial services provider’s stock after buying an additional 27,634 shares during the quarter. Quantinno Capital Management LP’s holdings in Houlihan Lokey were worth $6,496,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC bought a new stake in Houlihan Lokey in the fourth quarter valued at $26,000. Oakworth Capital Inc. acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth about $29,000. Core Wealth Advisors LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at about $32,000. Eurizon Capital SGR S.p.A. acquired a new position in Houlihan Lokey during the 4th quarter valued at about $33,000. Finally, Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey in the 2nd quarter worth about $39,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $128.13 on Thursday. Houlihan Lokey, Inc. has a 1 year low of $112.83 and a 1 year high of $211.78. The stock has a market cap of $8.85 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. The business’s fifty day moving average is $138.05 and its 200-day moving average is $150.71.

Houlihan Lokey (NYSE:HLIGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The firm had revenue of $511.00 million during the quarter, compared to the consensus estimate of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The firm’s quarterly revenue was down 15.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.14 EPS. Equities research analysts predict that Houlihan Lokey, Inc. will post 7.13 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.70 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 annualized dividend and a yield of 2.2%. Houlihan Lokey’s payout ratio is 47.06%.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the company’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the sale, the chairman directly owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 22.53% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLI shares. Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. The Goldman Sachs Group cut their target price on Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. US Capital Advisors set a $187.00 price target on Houlihan Lokey in a research note on Thursday, July 9th. UBS Group lowered their price target on Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a report on Thursday, July 30th. Finally, Wolfe Research raised shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $166.38.

Check Out Our Latest Stock Analysis on HLI

About Houlihan Lokey

(Free Report)

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

See Also

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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