Vanguard Group Inc. Has $1.09 Billion Position in Houlihan Lokey, Inc. $HLI

Vanguard Group Inc. lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,305,182 shares of the financial services provider’s stock after buying an additional 13,750 shares during the period. Vanguard Group Inc. owned about 0.08% of Houlihan Lokey worth $1,089,260,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Westside Investment Management Inc. increased its position in shares of Houlihan Lokey by 64.4% in the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 58 shares during the last quarter. Root Financial Partners LLC acquired a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $31,000. Strategic Wealth Investment Group LLC bought a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $39,000. Cornerstone Planning Group LLC raised its stake in shares of Houlihan Lokey by 179.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Houlihan Lokey by 136.9% in the 3rd quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock valued at $63,000 after buying an additional 178 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

NYSE HLI opened at $167.35 on Friday. The stock has a market cap of $11.68 billion, a PE ratio of 25.71 and a beta of 0.94. The firm has a 50-day moving average of $176.76 and a 200-day moving average of $186.04. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. The firm had revenue of $717.07 million for the quarter, compared to analysts’ expectations of $696.72 million. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.64 EPS. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS 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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 36.87%.

Analyst Ratings Changes

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

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of the company’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the transaction, the director directly owned 27,982 shares of the company’s stock, valued at $4,781,004.52. This represents a 15.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The SEC filing for this sale provides additional information. 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.