Integrated Investment Consultants LLC Acquires 9,490 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Integrated Investment Consultants LLC lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 142.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,174 shares of the financial services provider’s stock after acquiring an additional 9,490 shares during the period. Integrated Investment Consultants LLC’s holdings in Houlihan Lokey were worth $2,556,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in Houlihan Lokey in the 2nd quarter worth about $26,000. Crewe Advisors LLC grew its stake in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey during the 2nd quarter worth approximately $38,000. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey in the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. grew its position in shares of Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.28, for a total value of $30,456.00. Following the transaction, the director now owns 6,801 shares in the company, valued at approximately $1,035,656.28. This represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,400 shares of company stock valued at $219,362. Corporate insiders own 23.68% of the company’s stock.

Analysts Set New Price Targets

HLI has been the subject of several recent analyst reports. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price objective on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, UBS Group increased their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $157.00.

Houlihan Lokey Price Performance

Shares of HLI opened at $186.99 on Thursday. The company has a 50-day simple moving average of $168.87 and a two-hundred day simple moving average of $150.82. The firm has a market capitalization of $13.00 billion, a PE ratio of 38.24 and a beta of 0.65. Houlihan Lokey, Inc. has a one year low of $102.29 and a one year high of $190.66.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results 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 company had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 earnings per share. Analysts expect that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.22%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

About Houlihan Lokey

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.