Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Pathstone Holdings LLC

Pathstone Holdings LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,787 shares of the financial services provider’s stock after acquiring an additional 115 shares during the quarter. Pathstone Holdings LLC’s holdings in Houlihan Lokey were worth $3,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC acquired a new stake in Houlihan Lokey during the first quarter valued at approximately $127,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Houlihan Lokey by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,709 shares of the financial services provider’s stock worth $3,424,000 after acquiring an additional 1,631 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of Houlihan Lokey by 27.1% in the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after acquiring an additional 6,535 shares during the last quarter. Dynasty Wealth Management LLC acquired a new stake in shares of Houlihan Lokey during the first quarter worth $495,000. Finally, Ancora Advisors LLC lifted its holdings in shares of Houlihan Lokey by 1.3% during the first quarter. Ancora Advisors LLC now owns 285,527 shares of the financial services provider’s stock valued at $36,602,000 after purchasing an additional 3,782 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HLI. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target for the company. Morgan Stanley raised their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. UBS Group boosted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $157.00.

Houlihan Lokey Stock Up 0.0 %

Houlihan Lokey stock opened at $188.74 on Monday. Houlihan Lokey, Inc. has a 12 month low of $104.86 and a 12 month high of $191.39. The stock has a market cap of $13.12 billion, a P/E ratio of 38.60 and a beta of 0.65. The company’s fifty day simple moving average is $170.32 and its 200-day simple moving average is $151.72.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the firm’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 completion of the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,400 shares of company stock valued at $219,362 over the last ninety days. Corporate insiders own 23.68% of the company’s stock.

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.