AlphaQuest LLC Sells 2,170 Shares of Houlihan Lokey, Inc. $HLI

AlphaQuest LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 53.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,857 shares of the financial services provider’s stock after selling 2,170 shares during the quarter. AlphaQuest LLC’s holdings in Houlihan Lokey were worth $334,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HLI. Bogart Wealth LLC raised its holdings in shares of Houlihan Lokey by 111.1% in the 1st 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 bought a new stake in shares of Houlihan Lokey in the 1st quarter worth approximately $29,000. Brooklyn Investment Group bought a new stake in Houlihan Lokey during the 1st quarter valued at $33,000. Trust Co. of Toledo NA OH bought a new stake in Houlihan Lokey during the 2nd quarter valued at $34,000. Finally, TCTC Holdings LLC raised its holdings in Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares during the period. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on HLI shares. Wall Street Zen cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, July 11th. BMO Capital Markets started coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They set an “outperform” rating and a $230.00 target price on the stock. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.43.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $199.76 on Friday. The stock has a market cap of $14.05 billion, a P/E ratio of 33.63 and a beta of 0.87. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The firm’s fifty day moving average price is $199.18 and its 200-day moving average price is $185.93.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The firm’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Insider Activity at Houlihan Lokey

In related news, Chairman Irwin Gold sold 6,811 shares of the 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction 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 is available in the SEC filing. Insiders have sold a total of 47,311 shares of company stock valued at $9,477,040 over the last 90 days. 22.83% of the stock is owned by insiders.

Houlihan Lokey 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.