Christopher M. Crain Sells 1,000 Shares of Houlihan Lokey, Inc. (NYSE:HLI) Stock

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) General Counsel Christopher M. Crain sold 1,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Houlihan Lokey Stock Down 3.3 %

NYSE HLI traded down $5.17 during trading hours on Tuesday, hitting $151.45. 229,243 shares of the company were exchanged, compared to its average volume of 327,252. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $157.58. The company has a 50 day moving average of $145.41 and a two-hundred day moving average of $135.13. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 36.85 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts' consensus estimates of $1.22. The business had revenue of $514.00 million for the quarter, compared to analysts' expectations of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company's quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.89 EPS. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Analyst Ratings Changes

HLI has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut their price target 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. Morgan Stanley increased their price target 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. Finally, UBS Group boosted their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $150.25.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $26,000. Crewe Advisors LLC raised its position in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after buying an additional 164 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth $38,000. Accent Capital Management LLC acquired a new position in Houlihan Lokey in the fourth quarter valued at $42,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 265 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.

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