87,007 Shares in Houlihan Lokey, Inc. $HLI Bought by Azora Capital LP

Azora Capital LP acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 87,007 shares of the financial services provider’s stock, valued at approximately $15,657,000. Azora Capital LP owned approximately 0.12% of Houlihan Lokey at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Brooklyn Investment Group purchased a new stake in shares of Houlihan Lokey in the 1st quarter worth about $33,000. Trust Co. of Toledo NA OH bought a new stake in Houlihan Lokey during the second quarter worth about $34,000. Caitong International Asset Management Co. Ltd boosted its stake in Houlihan Lokey by 3,714.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 260 shares in the last quarter. MAI Capital Management grew its holdings in Houlihan Lokey by 268.0% in the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 268 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Houlihan Lokey during the first quarter valued at approximately $81,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 6,811 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey Price Performance

HLI stock opened at $177.49 on Wednesday. The stock has a market capitalization of $12.44 billion, a P/E ratio of 28.63 and a beta of 0.95. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The business has a fifty day moving average price of $185.27 and a 200-day moving average price of $188.47.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The firm’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.46 earnings per share. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.4%. Houlihan Lokey’s payout ratio is 38.71%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. BMO Capital Markets assumed coverage on Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research note on Monday, October 13th. Morgan Stanley raised their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a report on Monday, September 8th. Finally, Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

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.