Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 78.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 6,643 shares of the financial services provider’s stock after buying an additional 2,924 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Houlihan Lokey were worth $1,050,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Houlihan Lokey in the second quarter worth about $26,000. Crewe Advisors LLC lifted its holdings in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Houlihan Lokey during the 2nd quarter valued at approximately $38,000. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey during the 3rd quarter worth $38,000. Finally, First Horizon Advisors Inc. increased its position in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the period. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

HLI has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. UBS Group increased their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. 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, July 31st. Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target for the company. Finally, Morgan Stanley raised their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $157.00.

Insider Buying and Selling

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,400 shares of company stock valued at $219,362 over the last 90 days. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Trading Down 0.2 %

Houlihan Lokey stock opened at $190.08 on Wednesday. The company has a market cap of $13.21 billion, a PE ratio of 38.87 and a beta of 0.65. The company’s 50-day moving average is $170.99 and its two-hundred day moving average is $152.11. Houlihan Lokey, Inc. has a 1 year low of $104.86 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.11 earnings per share. Research analysts forecast that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

Houlihan Lokey 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.