Csenge Advisory Group Invests $554,000 in Houlihan Lokey, Inc. $HLI

Csenge Advisory Group bought a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,698 shares of the financial services provider’s stock, valued at approximately $554,000.

Other hedge funds have also bought and sold shares of the company. Trust Co. of Toledo NA OH purchased a new stake in shares of Houlihan Lokey in the second quarter worth about $34,000. Strategic Wealth Investment Group LLC bought a new stake in Houlihan Lokey in the 2nd quarter worth approximately $39,000. MAI Capital Management increased its stake in Houlihan Lokey by 268.0% in the 2nd quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 268 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Houlihan Lokey by 16.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 66 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Houlihan Lokey in the third quarter valued at $128,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $189.90 on Tuesday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 30.63 and a beta of 0.95. The business’s 50 day moving average price is $178.50 and its 200-day moving average price is $189.18.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The company had revenue of $659.45 million for the quarter, compared to the consensus estimate of $639.08 million. During the same quarter in the prior year, the company posted $1.46 EPS. Houlihan Lokey’s quarterly revenue was up 14.7% on a year-over-year basis. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Insider Buying and Selling

In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.83% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group assumed coverage on shares of Houlihan Lokey in a research report on Thursday, December 11th. They set a “neutral” rating and a $193.00 price objective for the company. BMO Capital Markets started coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 target price on the stock. Weiss Ratings downgraded shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating on the stock in a research note on Thursday, January 8th. Finally, Morgan Stanley decreased their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $206.29.

About Houlihan Lokey

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.