Vise Technologies Inc. Takes $200,000 Position in Houlihan Lokey, Inc. $HLI

Vise Technologies Inc. purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the second quarter, HoldingsChannel reports. The firm purchased 1,113 shares of the financial services provider’s stock, valued at approximately $200,000.

A number of other hedge funds also recently bought and sold shares of HLI. Signaturefd LLC boosted its position in Houlihan Lokey by 85.6% in the first quarter. Signaturefd LLC now owns 644 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 297 shares during the last quarter. Kestra Private Wealth Services LLC lifted its stake in shares of Houlihan Lokey by 47.3% in the 1st quarter. Kestra Private Wealth Services LLC now owns 6,531 shares of the financial services provider’s stock worth $1,055,000 after purchasing an additional 2,098 shares during the period. OneAscent Financial Services LLC lifted its stake in shares of Houlihan Lokey by 59.7% in the 1st quarter. OneAscent Financial Services LLC now owns 3,176 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 1,187 shares during the period. IFP Advisors Inc boosted its holdings in shares of Houlihan Lokey by 67.0% in the first quarter. IFP Advisors Inc now owns 1,678 shares of the financial services provider’s stock worth $275,000 after buying an additional 673 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Houlihan Lokey during the first quarter valued at approximately $1,168,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HLI shares. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. BMO Capital Markets began coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price objective for the company. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Houlihan Lokey in a research report on Thursday, November 13th. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $212.43.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total transaction of $7,998,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Irwin Gold sold 6,811 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 16th. The shares were 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. Insiders sold 47,311 shares of company stock worth $9,477,040 in the last three months. 22.83% of the stock is owned by company insiders.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $173.39 on Wednesday. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The company’s fifty day moving average price is $194.39 and its 200-day moving average price is $188.32. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 29.19 and a beta of 0.88.

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

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Houlihan Lokey 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.