AXQ Capital LP Purchases 16,241 Shares of Houlihan Lokey, Inc. $HLI

Key Points

• AXQ Capital LP increased its Houlihan Lokey position by 324.5% in the second quarter, purchasing 16,241 additional shares for a total holding of 21,246 shares valued at approximately $2.85 million. Institutional investors and hedge funds own 78.07% of HLI.
• Analyst sentiment is mixed, with five Buy, four Hold, and one Sell rating. The average price target is $166.38, although Morgan Stanley and Keefe, Bruyette & Woods recently lowered their targets.
• Houlihan Lokey reported weaker-than-expected quarterly results, posting $1.35 in EPS and $511 million in revenue, down 15.6% year over year. The company declared a quarterly dividend of $0.70 per share, representing a 2.0% yield.

AXQ Capital LP raised its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 324.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,246 shares of the financial services provider's stock after buying an additional 16,241 shares during the period. AXQ Capital LP's holdings in Houlihan Lokey were worth $2,850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Core Wealth Advisors LLC bought a new stake in Houlihan Lokey during the 4th quarter worth about $32,000. Eurizon Capital SGR S.p.A. bought a new position in Houlihan Lokey in the 4th quarter worth approximately $33,000. Annis Gardner Whiting Capital Advisors LLC lifted its holdings in Houlihan Lokey by 103.4% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 236 shares of the financial services provider's stock worth $34,000 after buying an additional 120 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new stake in Houlihan Lokey during the 2nd quarter worth about $39,000. Finally, CIBC Private Wealth Group LLC lifted its position in Houlihan Lokey by 177.0% during the 4th quarter. CIBC Private Wealth Group LLC now owns 277 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 177 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley cut their target price on Houlihan Lokey from $187.00 to $177.00 and set an "overweight" rating on the stock in a research note on Thursday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Houlihan Lokey in a report on Friday, July 17th. Keefe, Bruyette & Woods lowered their target price on Houlihan Lokey from $160.00 to $153.00 and set an "outperform" rating for the company in a research note on Thursday, July 30th. Wolfe Research raised shares of Houlihan Lokey from an "underperform" rating to a "peer perform" rating in a research note on Thursday, July 9th. Finally, Bank of America initiated coverage on shares of Houlihan Lokey in a report on Friday, July 10th. They set a "buy" rating and a $164.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and an average target price of $166.38.

Houlihan Lokey Price Performance

Shares of HLI opened at $137.01 on Friday. The company has a market cap of $9.46 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 1.53 and a beta of 0.96. The firm has a 50-day moving average of $133.67 and a 200-day moving average of $143.75. Houlihan Lokey, Inc. has a one year low of $112.83 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts' consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The business had revenue of $511.00 million for the quarter, compared to the consensus estimate of $602.38 million. During the same quarter in the previous year, the business posted $2.14 EPS. The company's revenue for the quarter was down 15.6% on a year-over-year basis. Analysts expect that Houlihan Lokey, Inc. will post 6.93 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 annualized dividend and a yield of 2.0%. Houlihan Lokey's dividend payout ratio (DPR) is 47.06%.

Houlihan Lokey Company Profile

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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