Isthmus Partners LLC Acquires New Position in Houlihan Lokey, Inc. (NYSE:HLI)

Isthmus Partners LLC acquired a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,080 shares of the financial services provider's stock, valued at approximately $803,000.

Other large investors have also recently bought and sold shares of the company. Janus Henderson Group PLC boosted its holdings in shares of Houlihan Lokey by 27.1% during the first quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider's stock valued at $3,927,000 after acquiring an additional 6,535 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $1,844,000. Bridges Investment Management Inc. bought a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $619,000. XTX Topco Ltd bought a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $687,000. Finally, &PARTNERS acquired a new position in shares of Houlihan Lokey during the second quarter worth approximately $454,000. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an "underweight" rating and a $149.00 target price on the stock. UBS Group lifted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley raised their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research note on Monday, September 23rd. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and a consensus target price of $157.00.

Houlihan Lokey Stock Up 0.9 %

Houlihan Lokey stock traded up $1.66 during midday trading on Friday, hitting $189.09. The company's stock had a trading volume of 142,701 shares, compared to its average volume of 321,025. Houlihan Lokey, Inc. has a 12 month low of $105.34 and a 12 month high of $192.10. The company has a market capitalization of $13.14 billion, a PE ratio of 38.67 and a beta of 0.65. The stock's 50-day moving average price is $173.43 and its 200-day moving average price is $153.35.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business's quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.11 earnings per share. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.21%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's dividend payout ratio is presently 46.63%.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.28, for a total value of $30,456.00. Following the completion of the sale, the director now owns 6,801 shares in the company, valued at approximately $1,035,656.28. This represents a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders have sold 1,400 shares of company stock worth $219,362 in the last three months. 23.68% of the stock is currently owned by insiders.

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.