Houlihan Lokey, Inc. (HLI) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 122.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,300 shares of the financial services provider’s stock after purchasing an additional 2,371 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Houlihan Lokey were worth $150,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. The Manufacturers Life Insurance Company boosted its holdings in shares of Houlihan Lokey by 71.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,499 shares of the financial services provider’s stock valued at $576,000 after purchasing an additional 6,883 shares in the last quarter. State Street Corp boosted its holdings in shares of Houlihan Lokey by 34.1% in the 2nd quarter. State Street Corp now owns 422,101 shares of the financial services provider’s stock valued at $14,728,000 after purchasing an additional 107,332 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Houlihan Lokey by 63.5% in the 2nd quarter. Goldman Sachs Group Inc. now owns 124,242 shares of the financial services provider’s stock valued at $4,336,000 after purchasing an additional 48,240 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Houlihan Lokey by 19.6% in the 2nd quarter. Voya Investment Management LLC now owns 843,812 shares of the financial services provider’s stock valued at $29,449,000 after purchasing an additional 138,002 shares in the last quarter. Finally, OxFORD Asset Management LLP boosted its holdings in shares of Houlihan Lokey by 3.2% in the 2nd quarter. OxFORD Asset Management LLP now owns 94,171 shares of the financial services provider’s stock valued at $3,287,000 after purchasing an additional 2,936 shares in the last quarter. 32.17% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey, Inc. (HLI) traded up 0.18% during midday trading on Thursday, hitting $39.49. The company had a trading volume of 15,477 shares. The firm’s 50 day moving average is $37.46 and its 200-day moving average is $35.45. Houlihan Lokey, Inc. has a 52 week low of $23.19 and a 52 week high of $40.63. The firm has a market capitalization of $2.64 billion, a P/E ratio of 20.47 and a beta of 0.36.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. The business had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share. On average, equities research analysts expect that Houlihan Lokey, Inc. will post $2.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a yield of 2.03%. Houlihan Lokey’s dividend payout ratio is presently 41.67%.

In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 69.70% of the stock is owned by corporate insiders.

A number of equities research analysts have weighed in on the company. BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $38.00 target price on shares of Houlihan Lokey in a report on Wednesday, June 14th. TheStreet raised Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. ValuEngine raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, UBS AG reaffirmed a “buy” rating and issued a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a report on Wednesday, July 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $39.83.

ILLEGAL ACTIVITY WARNING: “Houlihan Lokey, Inc. (HLI) Shares Bought by Tower Research Capital LLC TRC” was reported by Markets Daily and is owned by of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this report can be accessed at https://www.themarketsdaily.com/2017/10/12/houlihan-lokey-inc-hli-shares-bought-by-tower-research-capital-llc-trc.html.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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:HLI).

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

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

Latest News

Leave a Reply