Dynamic Technology Lab Private Ltd Buys 2,924 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Dynamic Technology Lab Private Ltd lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 78.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,643 shares of the financial services provider’s stock after buying an additional 2,924 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Houlihan Lokey were worth $1,050,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HLI. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey during the second quarter valued at approximately $26,000. Crewe Advisors LLC raised its holdings in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Houlihan Lokey during the second quarter valued at $38,000. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the third quarter valued at about $38,000. Finally, First Horizon Advisors Inc. increased its position in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Down 0.2 %

Shares of NYSE:HLI opened at $190.08 on Wednesday. The firm has a fifty day simple moving average of $170.99 and a two-hundred day simple moving average of $152.11. Houlihan Lokey, Inc. has a 52 week low of $104.86 and a 52 week high of $192.10. The stock has a market capitalization of $13.21 billion, a P/E ratio of 38.87 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the previous year, the firm posted $1.11 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. On average, analysts expect that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given 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 dividend payout ratio is presently 46.63%.

Wall Street Analyst Weigh In

HLI has been the subject of a number of recent research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price on the stock. UBS Group increased their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Finally, StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $157.00.

Insiders Place Their Bets

In related news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at $1,035,656.28. The trade was a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders sold 1,400 shares of company stock valued at $219,362 over the last three months. 23.68% of the stock is owned by company insiders.

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.