Impact Partnership Wealth LLC Invests $685,000 in Houlihan Lokey, Inc. $HLI

Impact Partnership Wealth LLC bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 3,930 shares of the financial services provider’s stock, valued at approximately $685,000.

Other hedge funds have also modified their holdings of the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $26,000. Oakworth Capital Inc. purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $29,000. Westside Investment Management Inc. raised its holdings in shares of Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after buying an additional 58 shares during the period. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $33,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at about $39,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the transaction, the chairman owned 6,265 shares in the company, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the transaction, the general counsel owned 500 shares of the company’s stock, valued at approximately $71,700. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HLI has been the topic of several analyst reports. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. UBS Group set a $160.00 price objective on Houlihan Lokey in a report on Thursday, May 7th. The Goldman Sachs Group dropped their price objective on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings downgraded Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Finally, Zacks Research downgraded Houlihan Lokey from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $191.29.

Houlihan Lokey Stock Down 3.0%

HLI stock opened at $141.46 on Friday. Houlihan Lokey, Inc. has a 52-week low of $134.41 and a 52-week high of $211.78. The stock’s 50 day moving average is $149.77 and its two-hundred day moving average is $164.43. The company has a market capitalization of $9.77 billion, a PE ratio of 22.74, a P/E/G ratio of 1.10 and a beta of 0.99.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.16). The business had revenue of $635.64 million for the quarter, compared to analysts’ expectations of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.Houlihan Lokey’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.96 earnings per share. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Monday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s payout ratio is 38.59%.

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.