Wealth High Governance Capital Ltda Purchases 22,400 Shares of Houlihan Lokey, Inc. $HLI

Wealth High Governance Capital Ltda lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 45.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 72,000 shares of the financial services provider’s stock after purchasing an additional 22,400 shares during the period. Houlihan Lokey comprises about 4.2% of Wealth High Governance Capital Ltda’s holdings, making the stock its 7th largest position. Wealth High Governance Capital Ltda’s holdings in Houlihan Lokey were worth $14,783,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC increased its holdings in Houlihan Lokey by 1.2% in the third quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock valued at $939,000 after buying an additional 55 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in Houlihan Lokey by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after buying an additional 55 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Houlihan Lokey by 16.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 66 shares in the last quarter. Finally, Xponance Inc. increased its holdings in shares of Houlihan Lokey by 0.9% in the 3rd quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 68 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLI shares. UBS Group decreased their target price on Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a research note on Thursday. BMO Capital Markets boosted their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods lowered their target price on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Finally, Morgan Stanley reduced their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. Five investment 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $204.57.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim sold 5,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $170.86, for a total transaction of $854,300.00. Following the transaction, the director directly owned 27,982 shares of the company’s stock, valued at $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Up 0.1%

HLI traded up $0.13 during trading on Friday, hitting $140.00. 66,544 shares of the stock were exchanged, compared to its average volume of 554,374. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The stock has a fifty day moving average price of $171.31 and a two-hundred day moving average price of $182.67. The firm has a market capitalization of $9.77 billion, a P/E ratio of 21.49 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.Houlihan Lokey’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.64 earnings per share. Analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. Houlihan Lokey’s dividend payout ratio is 36.87%.

About Houlihan Lokey

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.