Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 69.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 678 shares of the financial services provider’s stock after buying an additional 277 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Houlihan Lokey were worth $91,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Houlihan Lokey during the 2nd quarter worth $26,000. Crewe Advisors LLC grew its position in shares of Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Houlihan Lokey in the 2nd quarter worth about $38,000. Accent Capital Management LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at about $42,000. Finally, Mather Group LLC. bought a new stake in Houlihan Lokey in the 1st quarter valued at about $74,000. Institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now directly owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,717 shares of company stock valued at $1,479,513. Company insiders own 25.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLI. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. UBS Group lifted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $153.00.

Houlihan Lokey Stock Performance

HLI opened at $157.64 on Friday. The company has a market capitalization of $10.81 billion, a PE ratio of 38.36 and a beta of 0.67. The stock’s fifty day moving average is $152.02 and its 200-day moving average is $138.63. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $162.84.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same period in the prior year, the firm earned $0.89 earnings per share. The business’s quarterly revenue was up 23.6% on a year-over-year basis. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.54 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.45%. Houlihan Lokey’s dividend payout ratio is 55.47%.

Houlihan Lokey 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.