Houlihan Lokey (NYSE:HLI) General Counsel Christopher Crain Sells 500 Shares of Stock

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $191.56 on Thursday. The stock has a market capitalization of $13.47 billion, a PE ratio of 32.25 and a beta of 0.86. The business’s 50 day simple moving average is $192.00 and its 200 day simple moving average is $175.11. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $201.63.

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

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be issued a $0.60 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s payout ratio is presently 40.40%.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $192.00 target price (up previously from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Wells Fargo & Company boosted their price target on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and an average price target of $206.40.

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC grew its position in Houlihan Lokey by 111.1% in the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 80 shares during the period. Motco acquired a new position in Houlihan Lokey during the first quarter worth $29,000. Brooklyn Investment Group bought a new position in shares of Houlihan Lokey in the first quarter valued at $33,000. Trust Co. of Toledo NA OH bought a new position in shares of Houlihan Lokey in the second quarter valued at $34,000. Finally, TCTC Holdings LLC grew its holdings in shares of Houlihan Lokey by 103.5% during the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after buying an additional 118 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

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.