FDx Advisors Inc. Cuts Stake in Houlihan Lokey, Inc. (NYSE:HLI)

FDx Advisors Inc. lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 17.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 1,755 shares of the financial services provider’s stock after selling 376 shares during the quarter. FDx Advisors Inc.’s holdings in Houlihan Lokey were worth $225,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Accent Capital Management LLC purchased a new stake in shares of Houlihan Lokey during the fourth quarter worth about $42,000. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 265 shares during the period. Anchor Investment Management LLC acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth about $54,000. Mather Group LLC. acquired a new stake in shares of Houlihan Lokey during the first quarter worth about $74,000. Finally, Principal Securities Inc. acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth about $82,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $138.68 on Friday. The stock has a market capitalization of $9.51 billion, a PE ratio of 33.74 and a beta of 0.67. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $139.51. The business has a 50 day simple moving average of $133.53 and a 200-day simple moving average of $127.66.

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

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd were issued a $0.57 dividend. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Monday, June 3rd. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

Analyst Ratings Changes

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

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Preiser sold 20,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total value of $2,664,200.00. The disclosure for this sale can be found here. 25.97% of the stock is owned by company insiders.

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.