Hillsdale Investment Management Inc. Invests $1.29 Million in Houlihan Lokey, Inc. (HLI) Stock

Hillsdale Investment Management Inc. purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 32,900 shares of the financial services provider’s stock, valued at approximately $1,287,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Houlihan Lokey by 3.6% in the second quarter. Vanguard Group Inc. now owns 1,661,986 shares of the financial services provider’s stock valued at $58,003,000 after buying an additional 58,257 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Houlihan Lokey by 122.1% during the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock valued at $41,645,000 after purchasing an additional 655,940 shares during the period. Voya Investment Management LLC raised its stake in shares of Houlihan Lokey by 19.6% during the second quarter. Voya Investment Management LLC now owns 843,812 shares of the financial services provider’s stock valued at $29,449,000 after purchasing an additional 138,002 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Houlihan Lokey by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 763,720 shares of the financial services provider’s stock valued at $29,884,000 after purchasing an additional 8,764 shares during the period. Finally, Macquarie Group Ltd. raised its stake in shares of Houlihan Lokey by 8.7% during the third quarter. Macquarie Group Ltd. now owns 579,431 shares of the financial services provider’s stock valued at $22,673,000 after purchasing an additional 46,151 shares during the period. Hedge funds and other institutional investors own 34.63% of the company’s stock.

Houlihan Lokey, Inc. (HLI) traded up $0.53 during trading on Friday, reaching $44.79. 87,211 shares of the company’s stock were exchanged, compared to its average volume of 164,603. Houlihan Lokey, Inc. has a 1 year low of $29.51 and a 1 year high of $45.14. The firm has a market capitalization of $2,914.92, a P/E ratio of 19.94, a PEG ratio of 2.95 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The company had revenue of $242.20 million during the quarter, compared to the consensus estimate of $207.72 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. research analysts predict that Houlihan Lokey, Inc. will post 2.1 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Friday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 37.91%.

In related news, major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of Houlihan Lokey stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $41.63, for a total transaction of $72,852,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider J Lindsey Alley sold 973 shares of the business’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $41.63, for a total transaction of $40,505.99. Following the completion of the sale, the insider now owns 973 shares in the company, valued at $40,505.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,807,387 shares of company stock worth $113,183,620. Company insiders own 69.70% of the company’s stock.

HLI has been the topic of a number of analyst reports. TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $40.00 price target on shares of Houlihan Lokey in a research report on Sunday, August 27th. BidaskClub raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. Finally, UBS raised their price target on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Houlihan Lokey currently has a consensus rating of “Buy” and a consensus target price of $42.33.

TRADEMARK VIOLATION NOTICE: “Hillsdale Investment Management Inc. Invests $1.29 Million in Houlihan Lokey, Inc. (HLI) Stock” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/12/09/32900-shares-in-houlihan-lokey-inc-hli-acquired-by-hillsdale-investment-management-inc.html.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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