B. Riley Wealth Advisors Inc. Acquires Shares of 3,380 Houlihan Lokey, Inc. $HLI

B. Riley Wealth Advisors Inc. bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,380 shares of the financial services provider’s stock, valued at approximately $608,000.

Other institutional investors have also modified their holdings of the company. Resources Management Corp CT ADV increased its holdings in Houlihan Lokey by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after purchasing an additional 55 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Houlihan Lokey by 3.3% in the second quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock worth $345,000 after buying an additional 61 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of Houlihan Lokey by 3.7% in the second quarter. ProShare Advisors LLC now owns 2,385 shares of the financial services provider’s stock worth $429,000 after buying an additional 84 shares during the last quarter. Vista Finance LLC raised its holdings in Houlihan Lokey by 4.1% in the second quarter. Vista Finance LLC now owns 2,228 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 87 shares in the last quarter. Finally, OneAscent Wealth Management LLC boosted its stake in Houlihan Lokey by 5.9% during the 2nd quarter. OneAscent Wealth Management LLC now owns 1,572 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 87 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Zacks Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Morgan Stanley upped their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Keefe, Bruyette & Woods reduced their price objective 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. UBS Group began coverage on shares of Houlihan Lokey in a research note on Thursday, December 11th. They set a “neutral” rating and a $193.00 target price for the company. Finally, BMO Capital Markets started coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $207.14.

Houlihan Lokey Stock Up 0.1%

HLI stock opened at $177.27 on Wednesday. The stock has a market cap of $12.42 billion, a PE ratio of 28.59 and a beta of 0.95. The firm’s 50-day simple moving average is $183.25 and its 200 day simple moving average is $188.61. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.4%. Houlihan Lokey’s payout ratio is presently 38.71%.

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.