Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by Tidal Investments LLC

Tidal Investments LLC grew its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,695 shares of the financial services provider’s stock after acquiring an additional 2,061 shares during the quarter. Tidal Investments LLC’s holdings in Houlihan Lokey were worth $2,638,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Crewe Advisors LLC increased its position in Houlihan Lokey by 264.5% during the second 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 last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at $38,000. Wolff Wiese Magana LLC acquired a new stake in shares of Houlihan Lokey during the 3rd quarter worth $38,000. First Horizon Advisors Inc. raised its position in shares of Houlihan Lokey by 81.5% in the 3rd 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 during the period. Finally, Quarry LP purchased a new position in shares of Houlihan Lokey in the 3rd quarter worth $76,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HLI. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Wells Fargo & Company boosted their target price on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a report on Thursday. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned 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 $170.60.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $177.53 on Monday. The business’s 50-day simple moving average is $177.92 and its 200 day simple moving average is $156.94. The company has a market cap of $12.34 billion, a P/E ratio of 36.30 and a beta of 0.67. Houlihan Lokey, Inc. has a one year low of $112.17 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data 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. The company had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts predict that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.28%. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on 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. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 23.68% of the stock is currently owned by corporate insiders.

Houlihan Lokey Company 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.