Houlihan Lokey, Inc. $HLI Shares Sold by MGO One Seven LLC

MGO One Seven LLC decreased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892 shares of the financial services provider’s stock after selling 71 shares during the quarter. MGO One Seven LLC’s holdings in Houlihan Lokey were worth $340,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC lifted its holdings in shares of Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 80 shares during the period. Motco acquired a new stake in shares of Houlihan Lokey during the first quarter worth about $29,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey during the second quarter worth about $34,000. Brooklyn Investment Group acquired a new stake in shares of Houlihan Lokey during the first quarter worth about $33,000. Finally, TCTC Holdings LLC lifted 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 worth $37,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $190.36 on Monday. The stock has a market capitalization of $13.38 billion, a PE ratio of 32.05 and a beta of 0.87. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $211.78. The business has a 50 day simple moving average of $198.26 and a 200-day simple moving average of $183.09.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. The business had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The business’s revenue was up 17.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.22 earnings per share. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.60 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. Houlihan Lokey’s payout ratio is 40.40%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on HLI shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Wednesday, October 8th. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley lifted their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Deutsche Bank Aktiengesellschaft started coverage on Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target for the company. Finally, BMO Capital Markets started coverage on Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and an average price target of $212.43.

Insider Activity

In other news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. Insiders sold 47,311 shares of company stock worth $9,477,040 over the last three months. 22.83% of the stock is currently owned by corporate insiders.

Houlihan Lokey Company Profile

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.