3,865 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Purchased by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,865 shares of the financial services provider’s stock, valued at approximately $495,000.

Other institutional investors also recently bought and sold shares of the company. Accent Capital Management LLC bought a new position in Houlihan Lokey in the fourth quarter worth about $42,000. Benjamin F. Edwards & Company Inc. increased its stake in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 265 shares in the last quarter. Mather Group LLC. bought a new position in shares of Houlihan Lokey during the first quarter valued at approximately $74,000. Principal Securities Inc. bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $82,000. Finally, GAMMA Investing LLC bought a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $85,000. 78.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLI has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday. UBS Group raised their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $157.33.

Insider Buying and Selling

In other news, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider David A. Preiser sold 20,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Trading Up 1.8 %

HLI stock traded up $2.66 on Wednesday, hitting $151.32. The company had a trading volume of 415,469 shares, compared to its average volume of 337,106. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $152.56. The stock’s 50-day simple moving average is $136.46 and its 200 day simple moving average is $130.39. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 36.24 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.22. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The company had revenue of $514.00 million for the quarter, compared to analysts’ expectations of $508.70 million. During the same quarter last year, the company posted $0.89 earnings per share. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. Research analysts forecast that Houlihan Lokey, Inc. will post 5.63 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Monday, June 3rd were issued a $0.57 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.28 annualized dividend and a yield of 1.51%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

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.