Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker Sells 200 Shares

Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the transaction, the director now owns 7,001 shares of the company’s stock, valued at $1,067,582.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded down $1.35 during mid-day trading on Tuesday, hitting $151.38. The stock had a trading volume of 271,150 shares, compared to its average volume of 335,935. The company’s 50 day moving average is $141.15 and its 200-day moving average is $133.36. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $154.92. The company has a market cap of $10.38 billion, a PE ratio of 36.83 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last released its earnings results 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. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same quarter in the prior year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.67 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be given a dividend of $0.57 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.51%. Houlihan Lokey’s payout ratio is presently 55.47%.

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth approximately $70,225,000. Millennium Management LLC boosted its stake in shares of Houlihan Lokey by 24,074.0% during the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after buying an additional 499,535 shares during the period. Capital International Investors grew its holdings in shares of Houlihan Lokey by 56.7% during the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock valued at $94,977,000 after acquiring an additional 286,746 shares in the last quarter. Sei Investments Co. increased its stake in shares of Houlihan Lokey by 39.1% in the fourth quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock worth $83,128,000 after acquiring an additional 194,867 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Houlihan Lokey by 819.2% during the fourth quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider’s stock worth $25,923,000 after acquiring an additional 192,668 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Morgan Stanley increased 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. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. UBS Group raised their price objective on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $150.25.

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.