Christopher Crain Sells 1,000 Shares of Houlihan Lokey (NYSE:HLI) Stock

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher Crain sold 1,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $140.15, for a total value of $140,150.00. Following the completion of the transaction, the general counsel directly owned 1,000 shares of the company’s stock, valued at $140,150. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Houlihan Lokey Trading Up 0.8%

Shares of HLI stock opened at $137.00 on Friday. Houlihan Lokey, Inc. has a 12-month low of $112.83 and a 12-month high of $211.78. The business’s 50 day moving average is $133.55 and its two-hundred day moving average is $142.66. The company has a market capitalization of $9.46 billion, a P/E ratio of 23.03, a P/E/G ratio of 1.56 and a beta of 0.96.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The business had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $602.38 million. Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The firm’s quarterly revenue was down 15.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 earnings per share. On average, research analysts predict that Houlihan Lokey, Inc. will post 6.93 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 47.06%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HLI shares. Keefe, Bruyette & Woods reduced their price objective on shares of Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Houlihan Lokey in a research note on Friday, July 17th. UBS Group reduced their price target on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a research note on Thursday, July 30th. Finally, The Goldman Sachs Group lowered their price objective on Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $166.38.

Institutional Investors Weigh In On Houlihan Lokey

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLI. California State Teachers Retirement System raised its position in shares of Houlihan Lokey by 13,041.9% in the second quarter. California State Teachers Retirement System now owns 8,459,445 shares of the financial services provider’s stock valued at $1,134,665,000 after buying an additional 8,395,075 shares during the last quarter. Royal Bank of Canada boosted its position in Houlihan Lokey by 2.8% during the first quarter. Royal Bank of Canada now owns 1,751,495 shares of the financial services provider’s stock worth $251,551,000 after acquiring an additional 48,126 shares during the last quarter. Geode Capital Management LLC grew its stake in Houlihan Lokey by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after acquiring an additional 84,757 shares in the last quarter. Bank of Montreal Can grew its stake in Houlihan Lokey by 2,723.2% during the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after acquiring an additional 1,156,973 shares in the last quarter. Finally, Bank of America Corp DE raised its holdings in Houlihan Lokey by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after acquiring an additional 41,470 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.

The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.

Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.