XTX Topco Ltd Purchases New Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

XTX Topco Ltd acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,093 shares of the financial services provider’s stock, valued at approximately $687,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey in the 2nd quarter worth approximately $26,000. Crewe Advisors LLC grew its stake in shares of 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 acquiring an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new position in shares of Houlihan Lokey during the second quarter valued at $38,000. Accent Capital Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter worth about $42,000. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 265 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $160.30 on Monday. The stock’s 50-day simple moving average is $150.66 and its two-hundred day simple moving average is $137.59. The stock has a market capitalization of $10.99 billion, a price-to-earnings ratio of 39.00 and a beta of 0.67. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $160.89.

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

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. Houlihan Lokey’s dividend payout ratio (DPR) is 55.47%.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,619 shares of company stock valued at $2,818,759. 25.97% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Wells Fargo & Company started coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Morgan Stanley dropped their price objective on Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 18th. Finally, UBS Group boosted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.60.

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.