Caprock Group LLC Purchases New Holdings in Houlihan Lokey, Inc. $HLI

Caprock Group LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,924 shares of the financial services provider’s stock, valued at approximately $782,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sowell Financial Services LLC lifted its stake in shares of Houlihan Lokey by 1.2% during the 3rd quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock valued at $939,000 after buying an additional 55 shares in the last quarter. Resources Management Corp CT ADV raised 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 valued at $1,052,000 after acquiring an additional 55 shares during the period. Westside Investment Management Inc. boosted 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 acquiring an additional 58 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings 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 acquiring an additional 61 shares during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Houlihan Lokey by 16.5% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 66 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the transaction, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This trade represents a 15.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $174.17, for a total value of $87,085.00. The SEC filing for this sale provides additional information. Company insiders own 22.83% of the company’s stock.

Wall Street Analyst Weigh In

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

Houlihan Lokey Stock Up 0.0%

Shares of HLI stock opened at $165.85 on Tuesday. The firm has a market capitalization of $11.57 billion, a price-to-earnings ratio of 25.48 and a beta of 0.94. The stock has a fifty day moving average of $177.79 and a 200 day moving average of $186.71. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The firm had revenue of $717.07 million during the quarter, compared to analyst estimates of $696.72 million. During the same quarter in the prior year, the company earned $1.64 EPS. The business’s revenue was up 13.0% compared to the same quarter last year. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

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

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.