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

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Houlihan Lokey Price Performance

NYSE:HLI traded up $6.09 during midday trading on Monday, hitting $182.43. The company’s stock had a trading volume of 483,672 shares, compared to its average volume of 544,686. 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 market cap of $12.78 billion, a P/E ratio of 29.42 and a beta of 0.95. The firm’s 50 day moving average is $179.12 and its 200-day moving average is $188.83.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.46 EPS. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Houlihan Lokey’s dividend payout ratio is presently 38.71%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Sowell Financial Services LLC increased its stake in Houlihan Lokey by 1.2% during the 3rd quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock worth $939,000 after buying an additional 55 shares in the last quarter. Resources Management Corp CT ADV increased its position in shares of Houlihan Lokey by 0.9% during the second quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 55 shares in the last quarter. Westside Investment Management Inc. raised its stake in Houlihan Lokey by 64.4% in the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings in Houlihan Lokey by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 61 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in Houlihan Lokey by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 66 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

HLI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Houlihan Lokey in a report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price objective for the company. Keefe, Bruyette & Woods decreased their price target on Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday, December 29th. Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, 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 research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and a consensus price target of $207.43.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.