Algert Global LLC Has $3.66 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Algert Global LLC boosted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 58.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,129 shares of the financial services provider’s stock after buying an additional 8,530 shares during the quarter. Algert Global LLC’s holdings in Houlihan Lokey were worth $3,655,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Strategic Wealth Investment Group LLC lifted its holdings in shares of Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after acquiring an additional 62 shares during the period. UMB Bank n.a. increased its position in shares of Houlihan Lokey by 12.6% during the 3rd quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 96 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock valued at $2,724,000 after purchasing an additional 100 shares during the last quarter. Pathstone Holdings LLC boosted its position in Houlihan Lokey by 0.5% in the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after buying an additional 115 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in Houlihan Lokey by 1.4% during the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 120 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 0.9 %

Shares of HLI opened at $190.49 on Tuesday. The stock’s fifty day simple moving average is $170.99 and its 200-day simple moving average is $152.11. The firm has a market capitalization of $13.24 billion, a PE ratio of 38.96 and a beta of 0.65. Houlihan Lokey, Inc. has a 12-month low of $104.86 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. During the same period in the prior year, the company posted $1.11 EPS. The company’s revenue was up 23.1% compared to the same quarter last year. Analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.20%. Houlihan Lokey’s payout ratio is presently 46.63%.

Insiders Place Their Bets

In other news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares in the company, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,400 shares of company stock valued at $219,362. Company insiders own 23.68% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Finally, UBS Group upped their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $157.00.

Houlihan Lokey Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.