SummitTX Capital L.P. Purchases 6,481 Shares of Houlihan Lokey, Inc. $HLI

SummitTX Capital L.P. increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 91.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,590 shares of the financial services provider’s stock after purchasing an additional 6,481 shares during the quarter. SummitTX Capital L.P.’s holdings in Houlihan Lokey were worth $1,952,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV grew its stake in Houlihan Lokey by 0.9% during the second 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. Huntington National Bank raised its stake in shares of Houlihan Lokey by 5.5% in the fourth quarter. Huntington National Bank now owns 1,156 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 60 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in shares of Houlihan Lokey by 1.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,267 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 61 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Houlihan Lokey by 7.9% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 70 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Houlihan Lokey by 4.4% in the 4th quarter. IFP Advisors Inc now owns 1,694 shares of the financial services provider’s stock worth $295,000 after acquiring an additional 72 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman directly owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $145.32 on Wednesday. The firm has a 50 day simple moving average of $140.59 and a 200 day simple moving average of $153.00. Houlihan Lokey, Inc. has a fifty-two week low of $130.72 and a fifty-two week high of $211.78. The firm has a market cap of $10.04 billion, a P/E ratio of 23.36, a P/E/G ratio of 1.20 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The firm had revenue of $635.64 million during the quarter, compared to the consensus estimate of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The firm’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 earnings per share. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 7.91 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were given a $0.70 dividend. The ex-dividend date was Monday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 1.9%. Houlihan Lokey’s dividend payout ratio is 45.02%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on HLI. Morgan Stanley decreased their price target on Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. US Capital Advisors set a $187.00 price objective on Houlihan Lokey in a research report on Thursday, July 9th. UBS Group boosted their price objective on Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Bank of America started coverage on Houlihan Lokey in a report on Friday, July 10th. They set a “buy” rating and a $164.00 target price on the stock. Finally, Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $172.00 to $160.00 and set an “outperform” rating for the company in a report on Friday, July 10th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $180.50.

Houlihan Lokey Profile

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.