1,495 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Thoroughbred Financial Services LLC

Thoroughbred Financial Services LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,495 shares of the financial services provider’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HLI. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after acquiring an additional 29,843 shares during the last quarter. Burgundy Asset Management Ltd. increased its stake in Houlihan Lokey by 2.8% during the 4th quarter. Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider’s stock valued at $205,583,000 after purchasing an additional 46,443 shares in the last quarter. Fiduciary Management Inc. WI raised its holdings in shares of Houlihan Lokey by 3.4% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,195,597 shares of the financial services provider’s stock worth $143,364,000 after buying an additional 39,705 shares during the last quarter. Capital International Investors lifted its stake in shares of Houlihan Lokey by 56.7% during the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock worth $94,977,000 after buying an additional 286,746 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Houlihan Lokey by 5.5% during the first quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock valued at $93,723,000 after buying an additional 37,882 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the transaction, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. The disclosure for this sale can be found here. Insiders sold 19,619 shares of company stock valued at $2,818,759 in the last ninety days. Insiders own 25.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. UBS Group lifted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley lowered their price target on shares of Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating on the stock in a report on Wednesday. Wells Fargo & Company started coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 price objective for the company. Finally, JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $149.60.

Houlihan Lokey Stock Down 2.9 %

Shares of HLI opened at $154.64 on Thursday. The company has a market cap of $10.61 billion, a P/E ratio of 37.63 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $160.62. The firm’s 50 day moving average price is $149.54 and its 200 day moving average price is $136.90.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. During the same period in the previous year, the company posted $0.89 earnings per share. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. Research analysts forecast that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

Houlihan Lokey Company 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.