Flputnam Investment Management Co. Buys 4,250 Shares of Houlihan Lokey, Inc. $HLI

Flputnam Investment Management Co. lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 171,246 shares of the financial services provider’s stock after acquiring an additional 4,250 shares during the quarter. Flputnam Investment Management Co. owned about 0.24% of Houlihan Lokey worth $29,829,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Westside Investment Management Inc. boosted its stake 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 worth $30,000 after acquiring an additional 58 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter worth about $31,000. Flagship Harbor Advisors LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth about $26,000. Oakworth Capital Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth about $29,000. Finally, Cornerstone Planning Group LLC boosted 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 acquiring an additional 129 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the company’s 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 $71,700. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of the 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 directly owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Down 0.7%

Shares of NYSE:HLI opened at $150.52 on Wednesday. The business has a 50 day moving average price of $149.46 and a 200 day moving average price of $165.06. Houlihan Lokey, Inc. has a twelve month low of $134.41 and a twelve month high of $211.78. The company has a market cap of $10.50 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 1.18 and a beta of 0.99.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share 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 the consensus estimate of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. Houlihan Lokey’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.96 EPS. Analysts anticipate that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be issued a $0.70 dividend. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a yield of 1.9%. Houlihan Lokey’s payout ratio is currently 45.02%.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent analyst reports. UBS Group set a $160.00 price target on Houlihan Lokey in a research note on Thursday, May 7th. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Morgan Stanley decreased their target price on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. BMO Capital Markets increased their target price on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, The Goldman Sachs Group decreased their target price on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $191.29.

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.