Robert Schriesheim Sells 5,000 Shares of Houlihan Lokey (NYSE:HLI) Stock

Houlihan Lokey, Inc. (NYSE:HLI) Director Robert Schriesheim sold 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the sale, the director directly owned 27,982 shares of the company’s stock, valued at $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Houlihan Lokey Price Performance

Shares of HLI opened at $170.48 on Thursday. The firm’s 50 day moving average is $178.56 and its 200-day moving average is $187.29. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The stock has a market capitalization of $11.95 billion, a P/E ratio of 26.19 and a beta of 0.94.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The firm had revenue of $717.07 million during the quarter, compared to analysts’ expectations of $696.72 million. During the same period last year, the firm posted $1.64 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.4%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 36.87%.

Institutional Trading of Houlihan Lokey

A number of institutional investors have recently added to or reduced their stakes in HLI. Flagship Harbor Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at $26,000. Oakworth Capital Inc. bought a new position in Houlihan Lokey during the fourth quarter valued at about $29,000. Westside Investment Management Inc. raised its holdings in Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after buying an additional 58 shares in the last quarter. Root Financial Partners LLC acquired a new stake in shares of Houlihan Lokey in the third quarter worth about $31,000. Finally, Core Wealth Advisors LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter valued at about $32,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HLI. Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. UBS Group reissued a “neutral” rating and issued a $196.00 price objective on shares of Houlihan Lokey in a research note on Friday, January 30th. Keefe, Bruyette & Woods decreased their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets upped their target price on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. Finally, Morgan Stanley reduced their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Moderate Buy” and a consensus price target of $209.17.

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.