Insider Selling: Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Sells 1,000 Shares of Stock

Houlihan Lokey, Inc. (NYSE:HLI) General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Houlihan Lokey Trading Up 0.4 %

NYSE HLI opened at $152.00 on Friday. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $157.58. The firm has a market capitalization of $10.42 billion, a price-to-earnings ratio of 36.98 and a beta of 0.67. The firm’s 50 day simple moving average is $146.58 and its 200 day simple moving average is $135.50.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The firm had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. During the same quarter last year, the business posted $0.89 EPS. The company’s revenue was up 23.6% compared to the same quarter last year. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey’s payout ratio is 55.47%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in Houlihan Lokey during the 2nd quarter worth approximately $26,000. Crewe Advisors LLC grew its stake in shares of Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in shares of Houlihan Lokey during the second quarter worth $38,000. Accent Capital Management LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth $42,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Morgan Stanley increased their price target on Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 23rd. UBS Group lifted their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $150.25.

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.