1,969 Shares in Houlihan Lokey, Inc. $HLI Bought by Machina Capital S.A.S.

Machina Capital S.A.S. acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,969 shares of the financial services provider’s stock, valued at approximately $354,000.

Other hedge funds have also added to or reduced their stakes in the company. Bogart Wealth LLC increased its position in shares of Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 80 shares during the last quarter. Motco acquired a new stake in shares of Houlihan Lokey in the first quarter valued at about $29,000. Brooklyn Investment Group acquired a new stake in shares of Houlihan Lokey in the first quarter valued at about $33,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey in the second quarter valued at about $34,000. Finally, TCTC Holdings LLC increased its position in shares of Houlihan Lokey by 103.5% in the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 118 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $179.05 on Wednesday. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The stock has a market capitalization of $12.59 billion, a P/E ratio of 30.14 and a beta of 0.87. The stock has a 50-day simple moving average of $198.03 and a 200 day simple moving average of $186.92.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The company had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. The business’s revenue was up 14.7% on a year-over-year basis. Research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Monday, December 1st. Houlihan Lokey’s payout ratio is currently 38.71%.

Analyst Ratings Changes

HLI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. BMO Capital Markets started coverage on Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price on the stock. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Keefe, Bruyette & Woods reduced their price target on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a report on Monday, October 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $212.43.

Insider Transactions at Houlihan Lokey

In other news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 47,311 shares of company stock worth $9,477,040 over the last quarter. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Company 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.