King Luther Capital Management Corp Grows Holdings in Houlihan Lokey, Inc. $HLI

King Luther Capital Management Corp lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 639.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,578 shares of the financial services provider’s stock after buying an additional 38,553 shares during the quarter. King Luther Capital Management Corp’s holdings in Houlihan Lokey were worth $9,153,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada raised its holdings in Houlihan Lokey by 14.4% in the 1st quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock valued at $8,008,000 after acquiring an additional 6,253 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Houlihan Lokey by 50.0% during the 1st quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock valued at $4,598,000 after acquiring an additional 9,891 shares during the last quarter. Millennium Management LLC purchased a new position in shares of Houlihan Lokey during the 1st quarter worth about $18,964,000. Goldman Sachs Group Inc. boosted its position in shares of Houlihan Lokey by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock worth $67,143,000 after acquiring an additional 22,553 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Houlihan Lokey by 14.9% in the second quarter. Rehmann Capital Advisory Group now owns 1,697 shares of the financial services provider’s stock valued at $306,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. BMO Capital Markets increased their price target on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. UBS Group restated a “neutral” rating and issued a $196.00 price target on shares of Houlihan Lokey in a report on Friday, January 30th. Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Finally, Morgan Stanley reduced their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and a consensus target price of $209.17.

Houlihan Lokey Trading Up 0.0%

Houlihan Lokey stock opened at $166.13 on Friday. The stock has a 50 day moving average of $176.99 and a 200-day moving average of $186.26. The stock has a market cap of $11.59 billion, a P/E ratio of 25.52 and a beta of 0.94. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The firm had revenue of $717.07 million for the quarter, compared to the consensus estimate of $696.72 million. During the same period in the prior year, the firm posted $1.64 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey’s dividend payout ratio is currently 36.87%.

Insiders Place Their Bets

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the transaction, the director owned 27,982 shares in the company, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.