Hantz Financial Services Inc. Sells 8,205 Shares of Houlihan Lokey, Inc. $HLI

Hantz Financial Services Inc. trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 21.4% during the fourth quarter, HoldingsChannel reports. The firm owned 30,066 shares of the financial services provider’s stock after selling 8,205 shares during the quarter. Hantz Financial Services Inc.’s holdings in Houlihan Lokey were worth $5,237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth $26,000. Oakworth Capital Inc. bought a new position in shares of Houlihan Lokey during the fourth quarter worth $29,000. Westside Investment Management Inc. boosted its position in shares of Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Root Financial Partners LLC bought a new position in shares of Houlihan Lokey during the third quarter worth $31,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Houlihan Lokey during the second quarter worth $39,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Up 0.1%

Shares of NYSE:HLI opened at $151.71 on Tuesday. Houlihan Lokey, Inc. has a 12 month low of $134.41 and a 12 month high of $211.78. The company’s fifty day simple moving average is $149.24 and its 200 day simple moving average is $165.27. The firm has a market cap of $10.59 billion, a price-to-earnings ratio of 24.39, a PEG ratio of 1.18 and a beta of 0.99.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The company had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. During the same quarter in the previous year, the business earned $1.96 earnings per share. The company’s revenue was down 4.6% on a year-over-year basis. Research analysts expect that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.8%. The ex-dividend date is Monday, June 1st. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio (DPR) is presently 38.59%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the sale, the general counsel directly owned 500 shares in the company, valued at approximately $71,700. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.83% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Zacks Research lowered shares of Houlihan Lokey from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. BMO Capital Markets raised their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Finally, Weiss Ratings lowered shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $191.29.

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.