Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 30.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,007 shares of the financial services provider’s stock after acquiring an additional 4,658 shares during the period. Sanctuary Advisors LLC’s holdings in Houlihan Lokey were worth $3,162,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Millennium Management LLC lifted its holdings in shares of Houlihan Lokey by 24,074.0% during the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after purchasing an additional 499,535 shares during the period. Fiera Capital Corp raised its position in Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after buying an additional 246,705 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after acquiring an additional 149,114 shares during the period. Eagle Asset Management Inc. boosted its holdings in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after acquiring an additional 132,516 shares in the last quarter. Finally, Azora Capital LP acquired a new position in shares of Houlihan Lokey during the third quarter worth about $13,230,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $178.03 on Wednesday. The stock has a fifty day moving average price of $178.29 and a 200 day moving average price of $157.26. The stock has a market cap of $12.37 billion, a PE ratio of 36.41 and a beta of 0.67. Houlihan Lokey, Inc. has a 1 year low of $112.17 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.11 earnings per share. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.28%. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Insider Buying and Selling

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 23.68% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company increased their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $170.60.

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.