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.
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.
Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.