Capital Research Global Investors Has $167.62 Million Holdings in Houlihan Lokey, Inc. $HLI

Capital Research Global Investors increased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 962,263 shares of the financial services provider’s stock after buying an additional 5,822 shares during the quarter. Capital Research Global Investors owned approximately 1.37% of Houlihan Lokey worth $167,617,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in HLI. Flagship Harbor Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $26,000. Oakworth Capital Inc. acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $29,000. Core Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in Houlihan Lokey during the 4th quarter valued at $33,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in Houlihan Lokey during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction 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 sale, the general counsel directly owned 500 shares of the company’s stock, valued at $71,700. This represents 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.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $136.86 on Tuesday. The business has a fifty day simple moving average of $149.66 and a two-hundred day simple moving average of $162.62. 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 $9.45 billion, a price-to-earnings ratio of 22.00, a P/E/G ratio of 1.08 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The firm had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. During the same period in the prior year, the business posted $1.96 EPS. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current fiscal 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 issued a dividend of $0.70 per share. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, June 1st. Houlihan Lokey’s payout ratio is 45.02%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HLI. Zacks Research downgraded Houlihan Lokey from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. UBS Group set a $160.00 price target on Houlihan Lokey in a report on Thursday, May 7th. Morgan Stanley cut their price target on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. Finally, Weiss Ratings downgraded Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. 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 stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $191.29.

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.