Houlihan Lokey, Inc. $HLI Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1,140.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,894 shares of the financial services provider’s stock after buying an additional 44,034 shares during the quarter. SG Americas Securities LLC owned approximately 0.07% of Houlihan Lokey worth $8,343,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Diversified Trust Co. grew its holdings in shares of Houlihan Lokey by 26.1% in the fourth quarter. Diversified Trust Co. now owns 4,055 shares of the financial services provider’s stock valued at $706,000 after purchasing an additional 840 shares during the period. Fulton Bank N.A. raised its stake in Houlihan Lokey by 8.2% during the fourth quarter. Fulton Bank N.A. now owns 5,687 shares of the financial services provider’s stock worth $991,000 after purchasing an additional 433 shares during the period. Harbor Investment Advisory LLC boosted its holdings in Houlihan Lokey by 91.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 5,178 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 2,474 shares during the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Houlihan Lokey by 83.7% in the 4th quarter. Union Bancaire Privee UBP SA now owns 5,175 shares of the financial services provider’s stock valued at $918,000 after purchasing an additional 2,358 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Houlihan Lokey by 10.0% in the 4th quarter. GAMMA Investing LLC now owns 5,586 shares of the financial services provider’s stock valued at $973,000 after buying an additional 507 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $141.24 on Tuesday. The company’s 50 day simple moving average is $160.77 and its 200-day simple moving average is $177.47. Houlihan Lokey, Inc. has a 1 year low of $134.41 and a 1 year high of $211.78. The company has a market capitalization of $9.86 billion, a price-to-earnings ratio of 21.70 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share for the quarter, topping 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%. During the same quarter in the previous year, the company posted $1.64 earnings per share. Houlihan Lokey’s quarterly revenue was up 13.0% on a year-over-year basis. Equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Monday, March 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 36.87%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HLI. UBS Group cut their price target on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. Morgan Stanley lowered their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. BMO Capital Markets raised their target price on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings lowered Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Finally, Keefe, Bruyette & Woods lowered 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $204.57.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of Houlihan Lokey 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 completion of the sale, the director directly owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $87,085.00. The disclosure for this sale is available in the SEC filing. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey 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.