Whittier Trust Co. of Nevada Inc. Has $6.76 Million Position in Houlihan Lokey, Inc. $HLI

Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,573 shares of the financial services provider’s stock after acquiring an additional 1,175 shares during the period. Whittier Trust Co. of Nevada Inc. owned 0.05% of Houlihan Lokey worth $6,761,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Bogart Wealth LLC grew its holdings in Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 80 shares during the period. First Horizon Advisors Inc. grew its holdings in Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 82 shares during the period. Callan Family Office LLC grew its holdings in Houlihan Lokey by 6.2% during the 1st quarter. Callan Family Office LLC now owns 1,500 shares of the financial services provider’s stock worth $242,000 after acquiring an additional 87 shares during the period. Vista Finance LLC grew its holdings in Houlihan Lokey by 4.1% during the 2nd quarter. Vista Finance LLC now owns 2,228 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 87 shares during the period. Finally, Assetmark Inc. grew its holdings in Houlihan Lokey by 0.9% during the 1st quarter. Assetmark Inc. now owns 10,653 shares of the financial services provider’s stock worth $1,720,000 after acquiring an additional 93 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.2%

Houlihan Lokey stock opened at $193.03 on Wednesday. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78. The company’s 50 day moving average price is $198.30 and its two-hundred day moving average price is $183.48. The stock has a market cap of $13.57 billion, a P/E ratio of 32.50 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm had revenue of $605.35 million for the quarter, compared to analysts’ expectations of $573.07 million. During the same quarter last year, the firm earned $1.22 EPS. The company’s quarterly revenue was up 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey’s payout ratio is 40.40%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is owned by company insiders.

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.