Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) 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 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.
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