Houlihan Lokey (NYSE:HLI) Hits New 12-Month High at $157.58

Houlihan Lokey, Inc. (NYSE:HLI) reached a new 52-week high on Monday . The stock traded as high as $157.58 and last traded at $156.77, with a volume of 3532 shares trading hands. The stock had previously closed at $155.35.

Analyst Ratings Changes

A number of research analysts have recently commented on HLI shares. Morgan Stanley increased their target price on Houlihan Lokey from $131.00 to $148.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. JPMorgan Chase & Co. lowered their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group raised their price target on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $150.25.

Houlihan Lokey Stock Down 0.5 %

The firm has a market cap of $10.60 billion, a PE ratio of 37.80 and a beta of 0.67. The business has a 50 day simple moving average of $142.65 and a two-hundred day simple moving average of $133.98.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.67 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

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

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David A. Preiser sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. Insiders have sold a total of 38,419 shares of company stock valued at $5,297,213 over the last quarter. 25.97% of the stock is owned by corporate insiders.

Institutional Trading of Houlihan Lokey

A number of hedge funds have recently bought and sold shares of the stock. Chase Investment Counsel Corp bought a new position in shares of Houlihan Lokey in the 2nd quarter worth $3,183,000. NewEdge Advisors LLC raised its holdings in Houlihan Lokey by 19.4% in the second quarter. NewEdge Advisors LLC now owns 23,556 shares of the financial services provider’s stock worth $3,177,000 after purchasing an additional 3,824 shares in the last quarter. Creative Planning lifted its position in shares of Houlihan Lokey by 10.7% during the second quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock valued at $487,000 after buying an additional 350 shares during the last quarter. Algert Global LLC boosted its holdings in shares of Houlihan Lokey by 9.8% in the 2nd quarter. Algert Global LLC now owns 14,599 shares of the financial services provider’s stock valued at $1,969,000 after buying an additional 1,299 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Houlihan Lokey by 24,074.0% in the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after buying an additional 499,535 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

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.