Houlihan Lokey (NYSE:HLI) General Counsel Christopher Crain Sells 500 Shares of Stock

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher Crain sold 500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Houlihan Lokey Price Performance

HLI stock opened at $182.43 on Tuesday. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The business has a 50-day moving average price of $178.72 and a 200 day moving average price of $188.90. The company has a market capitalization of $12.78 billion, a P/E ratio of 29.42 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted 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. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The business had revenue of $659.45 million for the quarter, compared to the consensus estimate of $639.08 million. During the same quarter last year, the firm posted $1.46 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.3%. Houlihan Lokey’s payout ratio is 38.71%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft started coverage on Houlihan Lokey in a report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. BMO Capital Markets initiated coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price for the company. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Monday, December 29th. Finally, Morgan Stanley increased their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Houlihan Lokey has an average rating of “Moderate Buy” and a consensus price target of $207.43.

Hedge Funds Weigh In On Houlihan Lokey

Several hedge funds have recently modified their holdings of HLI. Westside Investment Management Inc. raised its holdings in shares of Houlihan Lokey by 64.4% in the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter valued at $31,000. Trust Co. of Toledo NA OH purchased a new position in Houlihan Lokey in the 2nd quarter worth $34,000. Strategic Wealth Investment Group LLC acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $39,000. Finally, Cornerstone Planning Group LLC grew its stake in Houlihan Lokey by 179.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.