Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 6.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,902 shares of the financial services provider’s stock after purchasing an additional 698 shares during the quarter. Guggenheim Capital LLC’s holdings in Houlihan Lokey were worth $822,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HLI. Bessemer Group Inc. acquired a new stake in Houlihan Lokey in the third quarter worth about $31,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Houlihan Lokey in the third quarter worth about $34,000. Exchange Traded Concepts LLC lifted its holdings in Houlihan Lokey by 32.7% in the third quarter. Exchange Traded Concepts LLC now owns 974 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 240 shares during the period. Okabena Investment Services Inc. lifted its holdings in Houlihan Lokey by 9.8% in the second quarter. Okabena Investment Services Inc. now owns 1,382 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 123 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Houlihan Lokey by 9.9% in the third quarter. Van ECK Associates Corp now owns 1,803 shares of the financial services provider’s stock worth $136,000 after purchasing an additional 162 shares during the period. Institutional investors and hedge funds own 70.74% of the company’s stock.

Houlihan Lokey Trading Down 0.1 %

Shares of Houlihan Lokey stock opened at $92.70 on Thursday. The company’s 50-day moving average price is $95.32 and its two-hundred day moving average price is $89.54. Houlihan Lokey, Inc. has a 52 week low of $74.18 and a 52 week high of $102.36. The stock has a market cap of $6.36 billion, a PE ratio of 24.59 and a beta of 0.78.

Houlihan Lokey (NYSE:HLI – Get Rating) last posted its quarterly earnings data on Tuesday, January 31st. The financial services provider reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.02. The firm had revenue of $456.50 million for the quarter, compared to the consensus estimate of $470.81 million. Houlihan Lokey had a return on equity of 22.28% and a net margin of 14.15%. The business’s revenue for the quarter was down 48.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.90 EPS. On average, equities analysts predict that Houlihan Lokey, Inc. will post 4.57 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Thursday, March 2nd will be issued a dividend of $0.53 per share. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $2.12 annualized dividend and a yield of 2.29%. Houlihan Lokey’s payout ratio is presently 56.23%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods boosted their price target on shares of Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a research report on Tuesday, January 3rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $89.60.

Houlihan Lokey Profile

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.