Daiwa Securities Group Inc. Has $2.73 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Daiwa Securities Group Inc. increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,206 shares of the financial services provider’s stock after buying an additional 349 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Houlihan Lokey were worth $2,725,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HLI. Opal Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey during the second quarter worth approximately $26,000. Crewe Advisors LLC boosted its stake in Houlihan Lokey by 264.5% in the second 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 bought a new stake in shares of Houlihan Lokey during the second quarter worth $38,000. Accent Capital Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $42,000. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after buying an additional 265 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction 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 sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. Insiders have sold a total of 19,619 shares of company stock valued at $2,818,759 over the last 90 days. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $154.04 on Friday. The stock has a market cap of $10.71 billion, a PE ratio of 37.48 and a beta of 0.67. The stock has a 50-day moving average of $148.61 and a 200-day moving average of $136.37. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $157.58.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The firm had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.89 earnings per share. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

Wall Street Analyst Weigh In

HLI has been the topic of a number of research analyst reports. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a report on Thursday. They set an “underweight” rating and a $149.00 price objective on the stock. UBS Group raised their price target on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $131.00 to $148.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One equities research 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, Houlihan Lokey presently has an average rating of “Hold” and an average price target of $150.00.

Houlihan Lokey Company 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.