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

Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the sale, the director now directly owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Gillian Beth Zucker also recently made the following trade(s):

• On Tuesday, August 20th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00.

Houlihan Lokey Trading Up 1.7 %

Shares of NYSE HLI traded up $2.59 during midday trading on Friday, reaching $154.04. The company’s stock had a trading volume of 243,095 shares, compared to its average volume of 323,621. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $157.58. The stock has a 50 day simple moving average of $148.25 and a 200-day simple moving average of $136.21. The stock has a market capitalization of $10.71 billion, a price-to-earnings ratio of 37.48 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last issued 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. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million for the quarter, compared to analysts’ expectations of $508.70 million. During the same period in the previous year, the firm posted $0.89 EPS. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be issued 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 1.48%. Houlihan Lokey’s payout ratio is 55.47%.

Institutional Trading of Houlihan Lokey

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new position in Houlihan Lokey during the second quarter worth about $1,945,000. Chase Investment Counsel Corp acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $3,183,000. NewEdge Advisors LLC grew its holdings in shares of Houlihan Lokey by 19.4% during the 2nd 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 Houlihan Lokey by 10.7% during the second quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 350 shares during the period. Finally, Algert Global LLC raised its position 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. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday. They set an “underweight” rating and a $149.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Houlihan Lokey from $131.00 to $148.00 and gave the stock 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 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, UBS Group lifted their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating 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 assigned a buy rating to the stock. According to MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $150.00.

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.