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Aptus Capital Advisors LLC Buys New Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Houlihan Lokey logo with Finance background

Aptus Capital Advisors LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,723 shares of the financial services provider's stock, valued at approximately $5,961,000. Aptus Capital Advisors LLC owned about 0.05% of Houlihan Lokey at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HLI. Vanguard Group Inc. increased its holdings in Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider's stock valued at $654,300,000 after purchasing an additional 29,843 shares in the last quarter. Earnest Partners LLC grew its stake in shares of Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock valued at $441,507,000 after buying an additional 62,314 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Houlihan Lokey by 1.3% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider's stock valued at $416,434,000 after buying an additional 38,155 shares during the period. Sei Investments Co. raised its holdings in shares of Houlihan Lokey by 6.2% during the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider's stock valued at $104,697,000 after buying an additional 45,205 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Houlihan Lokey by 1.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider's stock worth $69,851,000 after acquiring an additional 6,291 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock traded down $0.87 during trading hours on Wednesday, hitting $185.66. 255,419 shares of the company were exchanged, compared to its average volume of 322,815. The stock has a market capitalization of $12.91 billion, a price-to-earnings ratio of 37.97 and a beta of 0.65. Houlihan Lokey, Inc. has a one year low of $102.29 and a one year high of $190.66. The business's 50-day simple moving average is $165.53 and its two-hundred day simple moving average is $148.87.

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, topping analysts' consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. During the same quarter last year, the business posted $1.11 EPS. Houlihan Lokey's quarterly revenue was up 23.1% compared to the same quarter last year. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's dividend payout ratio is presently 46.63%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on HLI. 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. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. StockNews.com upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $157.00.

Check Out Our Latest Analysis on HLI

Insider Buying and Selling at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the transaction, the director now directly owns 6,601 shares in the company, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the sale, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 9,917 shares of company stock worth $1,513,129 over the last 90 days. Insiders own 23.68% of the company's stock.

Houlihan Lokey Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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