Gibbs Wealth Management Acquires 3,524 Shares of Houlihan Lokey, Inc. $HLI

Gibbs Wealth Management lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 51.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 10,379 shares of the financial services provider’s stock after acquiring an additional 3,524 shares during the quarter. Gibbs Wealth Management’s holdings in Houlihan Lokey were worth $2,131,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HLI. Mayflower Financial Advisors LLC purchased a new stake in shares of Houlihan Lokey during the third quarter worth about $230,335,000. Baker Ellis Asset Management LLC acquired a new stake in Houlihan Lokey in the 3rd quarter worth approximately $589,000. Geneos Wealth Management Inc. raised its position in Houlihan Lokey by 63.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 33,430 shares of the financial services provider’s stock worth $6,016,000 after buying an additional 12,944 shares during the last quarter. QRG Capital Management Inc. lifted its stake in Houlihan Lokey by 112.7% during the 3rd quarter. QRG Capital Management Inc. now owns 11,607 shares of the financial services provider’s stock valued at $2,383,000 after acquiring an additional 6,150 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its stake in Houlihan Lokey by 3.3% during 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 acquiring an additional 61 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $186.14 on Friday. The stock’s fifty day moving average is $179.14 and its two-hundred day moving average is $189.25. The firm has a market capitalization of $13.04 billion, a P/E ratio of 30.02 and a beta of 0.95. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to analyst estimates of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.46 earnings per share. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

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

Insider Activity

In other news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 22.83% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HLI shares. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. UBS Group started coverage on Houlihan Lokey in a report on Thursday, December 11th. They issued a “neutral” rating and a $193.00 price target for the company. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Finally, Weiss Ratings cut shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.29.

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.