Scott L. Beiser Sells 9,084 Shares of Houlihan Lokey, Inc. (NYSE:HLI) Stock

Houlihan Lokey, Inc. (NYSE:HLI) CEO Scott L. Beiser sold 9,084 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $105.78, for a total value of $960,905.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $102.86 on Wednesday. The firm has a market capitalization of $7.13 billion, a PE ratio of 26.44 and a beta of 0.77. The business has a 50-day moving average of $105.26 and a two-hundred day moving average of $98.98. Houlihan Lokey, Inc. has a 12 month low of $83.92 and a 12 month high of $110.94.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, November 30th. This represents a $2.20 annualized dividend and a yield of 2.14%. Houlihan Lokey’s dividend payout ratio is presently 56.56%.

Institutional Investors Weigh In On Houlihan Lokey

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC grew its stake in shares of Houlihan Lokey by 113,571.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider’s stock valued at $449,507,000 after buying an additional 5,152,726 shares in the last quarter. Morgan Stanley grew its stake in shares of Houlihan Lokey by 127.6% in the fourth quarter. Morgan Stanley now owns 931,264 shares of the financial services provider’s stock valued at $81,169,000 after buying an additional 522,178 shares in the last quarter. Capital International Investors acquired a new stake in shares of Houlihan Lokey in the second quarter valued at about $49,679,000. Norges Bank acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $43,734,000. Finally, Alliancebernstein L.P. grew its stake in shares of Houlihan Lokey by 18.2% in the fourth quarter. Alliancebernstein L.P. now owns 2,845,604 shares of the financial services provider’s stock valued at $248,023,000 after buying an additional 437,656 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on HLI. StockNews.com began coverage on Houlihan Lokey in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Morgan Stanley upped their target price on Houlihan Lokey from $81.00 to $101.00 in a research note on Wednesday, July 12th. Finally, UBS Group upped their target price on Houlihan Lokey from $118.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday, October 3rd.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.