Houlihan Lokey, Inc. (NYSE:HLI) Position Raised by Algert Global LLC

Algert Global LLC increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 58.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,129 shares of the financial services provider's stock after purchasing an additional 8,530 shares during the period. Algert Global LLC's holdings in Houlihan Lokey were worth $3,655,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HLI. Lazard Asset Management LLC purchased a new position in Houlihan Lokey in the first quarter valued at approximately $127,000. Price T Rowe Associates Inc. MD grew its position in shares of Houlihan Lokey by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,709 shares of the financial services provider's stock valued at $3,424,000 after buying an additional 1,631 shares during the last quarter. Janus Henderson Group PLC raised its stake in Houlihan Lokey by 27.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider's stock worth $3,927,000 after acquiring an additional 6,535 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in Houlihan Lokey in the first quarter valued at $495,000. Finally, Tidal Investments LLC lifted its position in Houlihan Lokey by 201.5% in the first quarter. Tidal Investments LLC now owns 11,093 shares of the financial services provider's stock valued at $1,422,000 after acquiring an additional 7,414 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now directly owns 6,601 shares of the company's stock, valued at $1,109,496.08. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,400 shares of company stock worth $219,362 over the last ninety days. 23.68% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Performance

Houlihan Lokey stock traded up $0.21 during midday trading on Tuesday, reaching $190.70. The company's stock had a trading volume of 162,806 shares, compared to its average volume of 321,468. The firm has a market capitalization of $13.25 billion, a PE ratio of 38.96 and a beta of 0.65. Houlihan Lokey, Inc. has a fifty-two week low of $104.86 and a fifty-two week high of $192.10. The stock's 50 day simple moving average is $170.99 and its 200 day simple moving average is $152.11.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data 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. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to analysts' expectations of $537.93 million. During the same quarter last year, the business earned $1.11 earnings per share. The business's revenue for the quarter was up 23.1% compared to the same quarter last year. Equities analysts predict that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 46.63%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Wednesday, November 20th. 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 report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. UBS Group lifted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley increased their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of "Hold" and an average target price of $157.00.

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.