VestGen Investment Management Has $665,000 Holdings in Houlihan Lokey, Inc. $HLI

VestGen Investment Management decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 9.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 3,697 shares of the financial services provider’s stock after selling 404 shares during the period. VestGen Investment Management’s holdings in Houlihan Lokey were worth $665,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Bogart Wealth LLC lifted its holdings in Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after buying an additional 80 shares during the period. Motco bought a new stake in Houlihan Lokey in the first quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in Houlihan Lokey in the first quarter valued at approximately $33,000. Trust Co. of Toledo NA OH bought a new position in Houlihan Lokey during the 2nd quarter worth approximately $34,000. Finally, TCTC Holdings LLC lifted its position in shares of Houlihan Lokey by 103.5% in the 1st 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. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on HLI shares. Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research report on Monday, October 13th. Wells Fargo & Company upped their target price on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets began 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 increased their price target on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective for the company. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

Houlihan Lokey Trading Up 1.3%

Shares of HLI stock opened at $199.49 on Friday. The firm has a fifty day simple moving average of $198.49 and a two-hundred day simple moving average of $184.62. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $211.78. The firm has a market capitalization of $14.03 billion, a PE ratio of 33.58 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $573.07 million. During the same period last year, the company earned $1.22 earnings per share. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 40.40%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 6,811 shares of Houlihan Lokey stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock valued at $9,477,040 over the last 90 days. 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.