Squarepoint Ops LLC Boosts Stake in Houlihan Lokey, Inc. $HLI

Squarepoint Ops LLC lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 356.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,512 shares of the financial services provider’s stock after purchasing an additional 61,321 shares during the quarter. Squarepoint Ops LLC’s holdings in Houlihan Lokey were worth $10,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Core Wealth Advisors LLC bought a new stake in Houlihan Lokey in the 4th quarter worth about $32,000. Eurizon Capital SGR S.p.A. purchased a new position in Houlihan Lokey in the 4th quarter worth about $33,000. Annis Gardner Whiting Capital Advisors LLC lifted its stake in Houlihan Lokey by 103.4% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 120 shares during the period. Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey during the 2nd quarter valued at about $39,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in shares of Houlihan Lokey by 177.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 177 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $140.15, for a total transaction of $140,150.00. Following the completion of the sale, the general counsel owned 1,000 shares of the company’s stock, valued at $140,150. The trade was a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Houlihan Lokey in a report on Friday, July 17th. Wolfe Research upgraded shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. UBS Group cut their target price on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Bank of America started coverage on shares of Houlihan Lokey in a research note on Friday, July 10th. They set a “buy” rating and a $164.00 target price for the company. Finally, BMO Capital Markets lowered their price target on Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $166.38.

View Our Latest Research Report on HLI

Houlihan Lokey Stock Up 0.9%

NYSE HLI opened at $136.44 on Friday. Houlihan Lokey, Inc. has a 52 week low of $112.83 and a 52 week high of $211.78. The firm has a market capitalization of $9.42 billion, a P/E ratio of 22.93, a PEG ratio of 1.55 and a beta of 0.96. The company has a 50-day moving average price of $133.61 and a 200-day moving average price of $142.70.

Houlihan Lokey (NYSE:HLIGet Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.14 EPS. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 6.93 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 47.06%.

About Houlihan Lokey

(Free Report)

Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.

The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.

Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.

Recommended Stories

Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey, Inc. (NYSE:HLIFree Report).

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

Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.