nVerses Capital LLC Acquires Shares of 2,800 Houlihan Lokey, Inc. (NYSE:HLI)

nVerses Capital LLC acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 2,800 shares of the financial services provider’s stock, valued at approximately $442,000.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at about $26,000. Crewe Advisors LLC boosted its holdings in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at about $38,000. Wolff Wiese Magana LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter worth approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Houlihan Lokey by 194.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 265 shares during the period. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HLI shares. UBS Group upped their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley upped their price target on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. JPMorgan Chase & Co. cut 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, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.00.

Insider Activity

In other news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,917 shares of company stock valued at $1,513,129. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $173.93 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $174.09. The firm has a market capitalization of $11.93 billion, a P/E ratio of 42.32 and a beta of 0.66. The company’s 50 day moving average price is $157.06 and its two-hundred day moving average price is $142.46.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, meeting analysts’ consensus estimates 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 analyst estimates of $508.70 million. During the same quarter last year, the business posted $0.89 earnings per share. The company’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey’s payout ratio is currently 55.47%.

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.