Houlihan Lokey, Inc. $HLI Shares Sold by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 12.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,049 shares of the financial services provider’s stock after selling 436 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Houlihan Lokey were worth $549,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Bogart Wealth LLC increased its position 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 in the last quarter. Motco purchased a new stake in shares of Houlihan Lokey during the first quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Houlihan Lokey during the first quarter worth approximately $33,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Houlihan Lokey during the second quarter worth approximately $34,000. Finally, TCTC Holdings LLC grew its holdings in Houlihan Lokey by 103.5% in the 1st 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 in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HLI has been the subject of several analyst reports. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. BMO Capital Markets initiated coverage on Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price for the company. Morgan Stanley upped their target price on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. Finally, Wells Fargo & Company upped 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. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.43.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $192.68 on Tuesday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The firm has a 50 day moving average price of $198.31 and a 200 day moving average price of $183.41. The company has a market capitalization of $13.55 billion, a PE ratio of 32.44 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, beating 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 the consensus estimate of $573.07 million. During the same quarter last year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 1.2%. Houlihan Lokey’s dividend payout ratio is presently 40.40%.

Insider Buying and Selling

In related news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,311 shares of company stock valued at $9,477,040. Corporate insiders own 22.83% of the company’s stock.

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.