Sanctuary Advisors LLC Increases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Sanctuary Advisors LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 30.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,007 shares of the financial services provider's stock after acquiring an additional 4,658 shares during the quarter. Sanctuary Advisors LLC's holdings in Houlihan Lokey were worth $3,162,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Crewe Advisors LLC increased its stake in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Houlihan Lokey in the second quarter valued at $38,000. Wolff Wiese Magana LLC purchased a new position in shares of Houlihan Lokey in the third quarter valued at $38,000. First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after buying an additional 198 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Houlihan Lokey in the 3rd quarter worth about $76,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Stock Down 4.0 %

Shares of HLI stock traded down $7.03 during mid-day trading on Wednesday, hitting $170.93. 451,392 shares of the company's stock were exchanged, compared to its average volume of 321,050. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 34.96 and a beta of 0.67. The stock has a 50-day simple moving average of $178.67 and a two-hundred day simple moving average of $157.65. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same quarter in the prior year, the company posted $1.11 EPS. The company'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 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Houlihan Lokey's dividend payout ratio is presently 46.63%.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 23.68% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley cut shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and lifted their target price for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group lifted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on Houlihan Lokey from $157.00 to $180.00 and gave the stock an "underweight" rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $170.60.

Houlihan Lokey Company 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.