Insider Selling: Houlihan Lokey, Inc. (NYSE:HLI) Director Sells 200 Shares of Stock

Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred 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 owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, September 13th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00.
• On Tuesday, August 20th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $171.50 on Thursday. The business has a 50 day moving average of $156.56 and a 200-day moving average of $142.24. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $172.31. The company has a market capitalization of $11.76 billion, a P/E ratio of 41.73 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. During the same quarter in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue was up 23.6% compared to the same quarter last year. Equities analysts anticipate that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s payout ratio is 55.47%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HLI. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. UBS Group boosted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $157.00.

Hedge Funds Weigh In On Houlihan Lokey

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quantbot Technologies LP raised its position in Houlihan Lokey by 624.8% in the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock valued at $932,000 after buying an additional 6,267 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after acquiring an additional 29,843 shares during the period. Sei Investments Co. boosted its stake in Houlihan Lokey by 5.5% in the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock worth $93,723,000 after purchasing an additional 37,882 shares during the period. Duality Advisers LP bought a new position in Houlihan Lokey in the 1st quarter worth about $690,000. Finally, American International Group Inc. boosted its stake in Houlihan Lokey by 15,061.5% in the 4th quarter. American International Group Inc. now owns 69,743 shares of the financial services provider’s stock worth $8,363,000 after purchasing an additional 69,283 shares during the period. 78.07% of the stock is currently owned by institutional investors.

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.