Private Advisor Group LLC Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Private Advisor Group LLC lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 21.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,730 shares of the financial services provider’s stock after purchasing an additional 668 shares during the quarter. Private Advisor Group LLC’s holdings in Houlihan Lokey were worth $589,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey in the 2nd quarter worth about $26,000. Crewe Advisors LLC grew its holdings in Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the period. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey during the third quarter valued at approximately $38,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Houlihan Lokey during the second quarter valued at approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 277 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HLI shares. Morgan Stanley raised their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, UBS Group upped their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $157.00.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $171.31 on Monday. Houlihan Lokey, Inc. has a one year low of $100.92 and a one year high of $175.73. The business’s fifty day moving average is $160.96 and its 200 day moving average is $145.70. The stock has a market capitalization of $11.91 billion, a PE ratio of 35.03 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same period in the previous year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.7 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.33%. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Insider Activity

In related news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares of the company’s stock, valued at $1,109,496.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,917 shares of company stock valued at $1,513,129 in the last ninety days. 23.68% of the stock is currently owned by company insiders.

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.