AQR Capital Management LLC Increases Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

AQR Capital Management LLC raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 73.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,396 shares of the financial services provider’s stock after buying an additional 4,844 shares during the period. AQR Capital Management LLC’s holdings in Houlihan Lokey were worth $1,537,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $26,000. Crewe Advisors LLC raised its stake in Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Houlihan Lokey in the second quarter worth approximately $38,000. Accent Capital Management LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth $42,000. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in shares of Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after buying an additional 265 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Transactions at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the completion of the transaction, the director now directly owns 7,001 shares in the company, valued at approximately $1,067,582.49. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,717 shares of company stock valued at $1,479,513 in the last ninety days. 25.97% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price on the stock. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $157.00.

Houlihan Lokey Stock Down 1.2 %

HLI stock opened at $164.22 on Friday. The stock has a market cap of $11.26 billion, a PE ratio of 39.96 and a beta of 0.66. The firm’s 50-day simple moving average is $154.60 and its 200 day simple moving average is $140.95. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $166.45.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, meeting the consensus estimate of $1.22. The firm had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 earnings per share. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.54 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were given a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.39%. Houlihan Lokey’s dividend payout ratio is 55.47%.

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.