Interval Partners LP Buys Shares of 84,954 Houlihan Lokey, Inc. $HLI

Interval Partners LP bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, Holdings Channel reports. The institutional investor bought 84,954 shares of the financial services provider’s stock, valued at approximately $14,798,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Houlihan Lokey by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,305,182 shares of the financial services provider’s stock valued at $1,089,260,000 after acquiring an additional 13,750 shares during the last quarter. Royal Bank of Canada raised its position in shares of Houlihan Lokey by 362.1% during the 4th quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock valued at $296,706,000 after acquiring an additional 1,334,769 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Houlihan Lokey by 6.4% during the 4th quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after acquiring an additional 84,757 shares during the last quarter. Bank of Montreal Can raised its position in shares of Houlihan Lokey by 2,723.2% during the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after acquiring an additional 1,156,973 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of Houlihan Lokey by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after acquiring an additional 41,470 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on HLI. UBS Group set a $160.00 target price on shares of Houlihan Lokey in a research report on Thursday, May 7th. Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Morgan Stanley dropped their target price on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Zacks Research upgraded shares of Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Finally, The Goldman Sachs Group lowered their price objective on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $191.29.

Houlihan Lokey Stock Down 1.0%

HLI opened at $141.74 on Thursday. Houlihan Lokey, Inc. has a 12 month low of $133.83 and a 12 month high of $211.78. The company has a fifty day simple moving average of $149.43 and a 200 day simple moving average of $160.93. The stock has a market cap of $9.79 billion, a P/E ratio of 22.79, a P/E/G ratio of 1.11 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The firm had revenue of $635.64 million during the quarter, compared to the consensus estimate of $679.22 million. During the same quarter in the prior year, the company earned $1.96 EPS. Houlihan Lokey’s quarterly revenue was down 4.6% on a year-over-year basis. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio is currently 45.02%.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the sale, the general counsel owned 500 shares in the company, valued at $71,700. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 22.83% of the stock is owned by corporate insiders.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.