Houlihan Lokey, Inc. $HLI Shares Acquired by Rhumbline Advisers

Rhumbline Advisers grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 0.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 163,695 shares of the financial services provider’s stock after buying an additional 1,346 shares during the quarter. Rhumbline Advisers’ holdings in Houlihan Lokey were worth $29,457,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Legacy Wealth Asset Management LLC raised its stake in Houlihan Lokey by 3.3% in the 2nd quarter. Legacy Wealth Asset Management LLC now owns 1,916 shares of the financial services provider’s stock valued at $345,000 after purchasing an additional 61 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of Houlihan Lokey by 3.7% during the second quarter. ProShare Advisors LLC now owns 2,385 shares of the financial services provider’s stock worth $429,000 after buying an additional 84 shares in the last quarter. Callan Family Office LLC grew its holdings in shares of Houlihan Lokey by 6.2% during the first quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock worth $242,000 after buying an additional 87 shares in the last quarter. Vista Finance LLC raised its position in shares of Houlihan Lokey by 4.1% in the second quarter. Vista Finance LLC now owns 2,228 shares of the financial services provider’s stock valued at $401,000 after buying an additional 87 shares during the last quarter. Finally, OneAscent Wealth Management LLC lifted its stake in shares of Houlihan Lokey by 5.9% in the second quarter. OneAscent Wealth Management LLC now owns 1,572 shares of the financial services provider’s stock worth $283,000 after buying an additional 87 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total transaction of $98,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Irwin Gold sold 6,811 shares of the company’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 disclosure for this sale is available in the SEC filing. Company insiders own 22.83% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on HLI. BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research note on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective for the company. Deutsche Bank Aktiengesellschaft started coverage on Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. Weiss Ratings upgraded Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday. Morgan Stanley lifted their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Wall Street Zen lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $212.43.

Houlihan Lokey Stock Performance

HLI opened at $175.34 on Thursday. The stock has a market capitalization of $12.29 billion, a PE ratio of 29.52 and a beta of 0.88. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The business’s 50 day moving average price is $190.73 and its 200 day moving average price is $188.41.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $639.08 million. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a yield of 1.4%. Houlihan Lokey’s dividend payout ratio is presently 38.71%.

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.