Key Points
- General Counsel Christopher Crain sold 500 shares at an average price of $143.40 under a pre-arranged Rule 10b5-1 plan, totaling $71,700 and reducing his holdings by 50%, according to an SEC filing.
- Houlihan Lokey beat quarterly EPS ($1.94 vs. $1.85), reported revenue up 13% year-over-year, has a market cap of about $9.85 billion and pays a quarterly dividend of $0.60 (annualized yield ~1.7%).
- Analysts are mixed but the consensus rating is a Moderate Buy with a $200.86 target, and institutional investors own roughly 78% of the shares with several funds recently increasing positions.
Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) General Counsel Christopher Crain sold 500 shares of the company's stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total transaction of $71,700.00. Following the transaction, the general counsel owned 500 shares of the company's stock, valued at approximately $71,700. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Houlihan Lokey Stock Performance
HLI opened at $141.13 on Friday. The stock has a market capitalization of $9.85 billion, a price-to-earnings ratio of 21.68 and a beta of 1.00. The company has a fifty day moving average of $157.83 and a 200 day moving average of $176.53. Houlihan Lokey, Inc. has a fifty-two week low of $134.41 and a fifty-two week high of $211.78.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the company posted $1.64 EPS. The business's quarterly revenue was up 13.0% compared to the same quarter last year. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, March 15th. Investors of record on Monday, March 2nd were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Monday, March 2nd. Houlihan Lokey's payout ratio is currently 36.87%.
Institutional Investors Weigh In On Houlihan Lokey
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Houlihan Lokey by 14.4% during the 1st quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider's stock valued at $8,008,000 after purchasing an additional 6,253 shares during the last quarter. AQR Capital Management LLC boosted its stake in Houlihan Lokey by 50.0% during the first quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider's stock worth $4,598,000 after buying an additional 9,891 shares during the period. Millennium Management LLC bought a new position in Houlihan Lokey during the first quarter valued at $18,964,000. Goldman Sachs Group Inc. increased its position in Houlihan Lokey by 5.7% during the first quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider's stock valued at $67,143,000 after acquiring an additional 22,553 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in shares of Houlihan Lokey in the second quarter valued at $220,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on Houlihan Lokey from $209.00 to $211.00 and gave the company an "outperform" rating in a report on Thursday, January 29th. Weiss Ratings downgraded Houlihan Lokey from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Monday, March 9th. The Goldman Sachs Group cut their target price on shares of Houlihan Lokey from $210.00 to $184.00 and set a "buy" rating for the company in a report on Wednesday. UBS Group reduced their price target on shares of Houlihan Lokey from $196.00 to $163.00 and set a "neutral" rating on the stock in a research report on Thursday, March 12th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $218.00 to $214.00 and set an "outperform" rating on the stock in a research note 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, the company has an average rating of "Moderate Buy" and a consensus target price of $200.86.
View Our Latest Research Report on Houlihan Lokey
Houlihan Lokey Company Profile
(
Get Free Report)
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.
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