Insider Selling: Houlihan Lokey (NYSE:HLI) Chairman Sells 6,265 Shares of Stock

Key Points

  • Houlihan Lokey chairman Scott Beiser sold 6,265 shares on May 21 at an average price of $150.26, totaling about $941,379. The sale reduced his direct stake by 50%.
  • The stock rose 1.1% and traded around $151.30 after the disclosure, with a market cap of $10.56 billion and a 12-month range of $134.41 to $211.78.
  • Recent fundamentals were mixed: the company reported earnings and revenue below estimates for the latest quarter, while also raising its quarterly dividend to $0.70 from $0.60.

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) Chairman Scott Beiser sold 6,265 shares of the company's stock in a transaction that occurred on Thursday, May 21st. The shares were 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. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Houlihan Lokey Stock Up 1.1%

Houlihan Lokey stock opened at $151.30 on Friday. The business has a 50 day moving average price of $148.89 and a two-hundred day moving average price of $165.65. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. Houlihan Lokey, Inc. has a 12 month low of $134.41 and a 12 month high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). The firm had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The company's revenue was down 4.6% on a year-over-year basis. During the same period last year, the company earned $1.96 EPS. On average, analysts expect that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend




The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a $0.70 dividend. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.60. Houlihan Lokey's dividend payout ratio is currently 38.59%.

Institutional Investors Weigh In On Houlihan Lokey

A number of hedge funds have recently made changes to their positions in the company. Resources Management Corp CT ADV increased its position in shares of Houlihan Lokey by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider's stock worth $1,052,000 after purchasing an additional 55 shares in the last quarter. Westside Investment Management Inc. increased its holdings in Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Huntington National Bank increased its holdings in Houlihan Lokey by 5.5% during the 4th quarter. Huntington National Bank now owns 1,156 shares of the financial services provider's stock valued at $201,000 after purchasing an additional 60 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in Houlihan Lokey by 1.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 5,267 shares of the financial services provider's stock valued at $917,000 after purchasing an additional 61 shares in the last quarter. Finally, Xponance Inc. increased its holdings in Houlihan Lokey by 0.9% during the 3rd quarter. Xponance Inc. now owns 8,026 shares of the financial services provider's stock valued at $1,648,000 after purchasing an additional 68 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HLI shares. The Goldman Sachs Group dropped their price objective on shares of Houlihan Lokey from $210.00 to $184.00 and set a "buy" rating for the company in a research note on Wednesday, April 1st. Zacks Research cut shares of Houlihan Lokey from a "hold" rating to a "strong sell" rating in a research note on Wednesday, May 13th. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $177.00 to $172.00 and set an "outperform" rating for the company in a research report on Thursday, May 7th. UBS Group set a $160.00 target price on Houlihan Lokey in a research report on Thursday, May 7th. Finally, 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 report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $191.29.

View Our Latest Stock Analysis on HLI

About Houlihan Lokey

(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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