Insider Selling: Houlihan Lokey, Inc. (HLI) Major Shareholder Sells 1,750,000 Shares of Stock
Houlihan Lokey, Inc. (NYSE:HLI) major shareholder Orix Hlhz Holding Llc sold 1,750,000 shares of Houlihan Lokey stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.63, for a total value of $72,852,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Orix Hlhz Holding Llc also recently made the following trade(s):
- On Thursday, September 14th, Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 20.05%. The firm had revenue of $242.20 million for the quarter, compared to analyst estimates of $207.72 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was up 29.9% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.92%. Houlihan Lokey’s payout ratio is presently 37.91%.
Large investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new position in shares of Houlihan Lokey during the 2nd quarter worth approximately $105,000. Tower Research Capital LLC TRC grew its position in shares of Houlihan Lokey by 122.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 2,371 shares in the last quarter. Legal & General Group Plc grew its position in shares of Houlihan Lokey by 37.8% during the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after purchasing an additional 1,270 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of Houlihan Lokey by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 808 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Houlihan Lokey during the 1st quarter worth approximately $205,000. Hedge funds and other institutional investors own 32.27% of the company’s stock.
A number of research firms have weighed in on HLI. UBS AG lifted their price objective on Houlihan Lokey from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, October 25th. Bank of America Corporation lifted their price objective on Houlihan Lokey from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Houlihan Lokey in a report on Tuesday, October 3rd. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a report on Thursday, October 12th. Finally, BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Houlihan Lokey currently has an average rating of “Buy” and an average price target of $42.33.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
Receive News & Ratings for Houlihan Lokey Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey Inc. and related companies with MarketBeat.com's FREE daily email newsletter.