First Horizon Advisors Inc. Boosts Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

First Horizon Advisors Inc. boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 81.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 441 shares of the financial services provider’s stock after acquiring an additional 198 shares during the quarter. First Horizon Advisors Inc.’s holdings in Houlihan Lokey were worth $70,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Earnest Partners LLC raised its stake in shares of Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock valued at $441,507,000 after acquiring an additional 62,314 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Houlihan Lokey by 1.3% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider’s stock valued at $416,434,000 after buying an additional 38,155 shares during the period. Sei Investments Co. grew its position in shares of Houlihan Lokey by 6.2% during the second quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock worth $104,697,000 after buying an additional 45,205 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Houlihan Lokey by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider’s stock worth $69,851,000 after buying an additional 6,291 shares during the period. Finally, Millennium Management LLC raised its holdings in Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after acquiring an additional 499,535 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.0 %

HLI opened at $188.74 on Monday. The firm has a market cap of $13.12 billion, a price-to-earnings ratio of 38.60 and a beta of 0.65. Houlihan Lokey, Inc. has a 52 week low of $104.86 and a 52 week high of $191.39. The business’s 50 day moving average is $170.32 and its two-hundred day moving average is $151.72.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.11 EPS. Equities analysts expect that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,035,656.28. This trade represents a 2.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,400 shares of company stock valued at $219,362 in the last ninety days. Insiders own 23.68% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on HLI shares. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company initiated coverage on Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $157.00.

Houlihan Lokey Company 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.