Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Cwm LLC

Cwm LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 8.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,168 shares of the financial services provider’s stock after selling 1,262 shares during the period. Cwm LLC’s holdings in Houlihan Lokey were worth $1,776,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HLI. Accent Capital Management LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth $42,000. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Houlihan Lokey by 194.9% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after acquiring an additional 265 shares during the period. Mather Group LLC. acquired a new stake in shares of Houlihan Lokey in the 1st quarter worth $74,000. Principal Securities Inc. acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth $82,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Houlihan Lokey in the 4th quarter worth $85,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on HLI. Morgan Stanley raised their target price on shares of Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. UBS Group raised their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $150.25.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. 25.97% of the stock is currently owned by insiders.

Houlihan Lokey Stock Up 0.5 %

Shares of NYSE HLI traded up $0.77 during midday trading on Friday, hitting $149.85. The company had a trading volume of 29,343 shares, compared to its average volume of 339,732. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $153.08. The business has a 50-day simple moving average of $138.19 and a two-hundred day simple moving average of $131.65. The firm has a market capitalization of $10.28 billion, a price-to-earnings ratio of 36.30 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting the consensus estimate of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million during the quarter, compared to analysts’ expectations of $508.70 million. During the same quarter last year, the business earned $0.89 earnings per share. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.67 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.28 annualized dividend and a yield of 1.52%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

About Houlihan Lokey

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.