Houlihan Lokey (NYSE:HLI) Sets New 1-Year High at $158.06

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $158.06 and last traded at $157.35, with a volume of 6387 shares trading hands. The stock had previously closed at $156.80.

Analyst Ratings Changes

A number of research firms recently weighed in on HLI. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price objective on the stock. UBS Group lifted their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, July 31st. Morgan Stanley lifted their price objective on Houlihan Lokey from $131.00 to $148.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. reduced their price target on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $150.00.

Houlihan Lokey Stock Up 1.6 %

The business's 50 day moving average is $149.06 and its two-hundred day moving average is $136.67. The firm has a market capitalization of $10.93 billion, a P/E ratio of 38.92 and a beta of 0.67.

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

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.43%. Houlihan Lokey's dividend payout ratio (DPR) is 55.47%.

Insider Activity

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

Institutional Trading of Houlihan Lokey

Several hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at $70,225,000. Millennium Management LLC raised its holdings in Houlihan Lokey by 24,074.0% in the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider's stock valued at $67,647,000 after acquiring an additional 499,535 shares in the last quarter. Capital International Investors boosted its stake in Houlihan Lokey by 56.7% during the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider's stock worth $94,977,000 after buying an additional 286,746 shares in the last quarter. Sei Investments Co. raised its position in Houlihan Lokey by 39.1% in the fourth quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider's stock worth $83,128,000 after purchasing an additional 194,867 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in Houlihan Lokey by 819.2% in the fourth quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider's stock valued at $25,923,000 after acquiring an additional 192,668 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

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.