Sheaff Brock Investment Advisors LLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 25,826 shares of the financial services provider’s stock, valued at approximately $901,000. Sheaff Brock Investment Advisors LLC owned 0.11% of Houlihan Lokey at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in Houlihan Lokey during the second quarter valued at approximately $105,000. Victory Capital Management Inc. lifted its stake in Houlihan Lokey by 9.1% during the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after purchasing an additional 381 shares during the last quarter. Legal & General Group Plc lifted its stake in Houlihan Lokey by 37.8% during the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,270 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in Houlihan Lokey during the first quarter valued at approximately $182,000. Finally, Jane Street Group LLC acquired a new stake in Houlihan Lokey during the first quarter valued at approximately $205,000. 32.18% of the stock is owned by institutional investors.
In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 69.70% of the company’s stock.
Houlihan Lokey, Inc. (HLI) opened at 36.51 on Friday. The firm has a market cap of $2.44 billion, a price-to-earnings ratio of 18.93 and a beta of 0.34. Houlihan Lokey, Inc. has a 1-year low of $23.19 and a 1-year high of $39.68. The firm has a 50-day moving average of $36.03 and a 200 day moving average of $34.60.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm had revenue of $217.00 million during the quarter, compared to analyst estimates of $203.21 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that Houlihan Lokey, Inc. will post $2.04 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.19%. The ex-dividend date is Wednesday, August 30th. Houlihan Lokey’s dividend payout ratio is presently 41.67%.
HLI has been the subject of several recent research reports. Keefe, Bruyette & Woods reissued a “buy” rating and set a $38.00 target price on shares of Houlihan Lokey in a research note on Wednesday, June 14th. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Monday, June 19th. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. UBS AG reissued a “buy” rating and set a $42.00 target price (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Finally, TheStreet upgraded shares of Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $39.83.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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