Houlihan Lokey, Inc. (NYSE:HLI) Position Boosted by Algert Global LLC

Algert Global LLC lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 58.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,129 shares of the financial services provider’s stock after purchasing an additional 8,530 shares during the quarter. Algert Global LLC’s holdings in Houlihan Lokey were worth $3,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in HLI. Strategic Wealth Investment Group LLC lifted its position in Houlihan Lokey by 0.8% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after buying an additional 62 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 96 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after acquiring an additional 100 shares in the last quarter. Pathstone Holdings LLC boosted its position in Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 115 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in Houlihan Lokey by 1.4% in the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 120 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

Shares of HLI opened at $190.49 on Tuesday. Houlihan Lokey, Inc. has a one year low of $104.86 and a one year high of $192.10. The company’s fifty day moving average price is $170.99 and its 200 day moving average price is $152.11. The company has a market capitalization of $13.24 billion, a PE ratio of 38.96 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate 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 firm’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.11 EPS. Analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

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

Insider Buying and Selling at Houlihan Lokey

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

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HLI. Wells Fargo & Company started coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. 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. 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 report on Wednesday, July 31st. UBS Group upped their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $157.00.

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.