Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC increased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 970,559 shares of the financial services provider’s stock after acquiring an additional 26,564 shares during the quarter. Geode Capital Management LLC owned approximately 1.40% of Houlihan Lokey worth $153,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Crewe Advisors LLC increased its stake in 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 in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $38,000. Wolff Wiese Magana LLC acquired a new stake in shares of Houlihan Lokey during the third quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its position in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares in the last quarter. Finally, Quarry LP acquired a new position in Houlihan Lokey in the 3rd quarter worth approximately $76,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

HLI opened at $179.55 on Tuesday. The company has a market capitalization of $12.48 billion, a PE ratio of 36.72 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10. The business has a 50-day moving average of $178.29 and a 200-day moving average of $157.26.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.11 earnings per share. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Insiders Place Their Bets

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 6,601 shares of the company’s stock, valued at $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.68% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.