Cynosure Group LLC Buys New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Cynosure Group LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,475 shares of the financial services provider’s stock, valued at approximately $317,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Accent Capital Management LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $42,000. Benjamin F. Edwards & Company Inc. lifted its position in 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 worth $52,000 after buying an additional 265 shares during the last quarter. Mather Group LLC. purchased a new stake in Houlihan Lokey in the first quarter worth approximately $74,000. Principal Securities Inc. purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $82,000. Finally, GAMMA Investing LLC bought a new position in Houlihan Lokey during the fourth quarter valued at approximately $85,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was 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 Securities & Exchange Commission, which is available at this link. Also, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated 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 owned by company insiders.

Houlihan Lokey Trading Up 0.8 %

Shares of NYSE:HLI traded up $1.17 during trading on Tuesday, reaching $146.54. 54,379 shares of the company traded hands, compared to its average volume of 332,021. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $150.03. The firm has a market capitalization of $10.05 billion, a price-to-earnings ratio of 35.38 and a beta of 0.67. The business’s fifty day moving average is $135.10 and its 200-day moving average is $129.05.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business had revenue of $520.46 million during the quarter, compared to analysts’ expectations of $508.99 million. During the same quarter in the prior year, the company posted $1.11 EPS. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.63 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Monday, June 3rd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a dividend yield of 1.56%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 55.47%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLI shares. UBS Group boosted their price objective on shares of Houlihan Lokey from $145.00 to $157.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. Keefe, Bruyette & Woods boosted their price target on shares of Houlihan Lokey from $132.00 to $139.00 and gave the stock a “market perform” rating in a research note on Friday, July 12th. Finally, JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Tuesday, April 9th.

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.