Barlow Wealth Partners Inc. Raises Stock Holdings in Houlihan Lokey, Inc. $HLI

Key Points

• Barlow Wealth Partners Inc. increased its stake in Houlihan Lokey, Inc. by 0.9%, owning approximately 205,578 shares valued at $37.7 million, making it the fund's third largest holding.
• Houlihan Lokey reported an earnings per share (EPS) of $2.14 for the last quarter, exceeding estimates by $0.45, with a revenue of $605.35 million, up 17.8% year-over-year.
• Institutional investors hold 78.07% of Houlihan Lokey's stock, indicating a strong interest in the company amongst larger financial entities.

Barlow Wealth Partners Inc. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 205,578 shares of the financial services provider's stock after acquiring an additional 1,764 shares during the quarter. Houlihan Lokey makes up approximately 4.5% of Barlow Wealth Partners Inc.'s holdings, making the stock its 3rd biggest holding. Barlow Wealth Partners Inc. owned about 0.29% of Houlihan Lokey worth $37,717,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in shares of Houlihan Lokey by 111.1% in the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Motco bought a new position in shares of Houlihan Lokey in the 1st quarter valued at about $29,000. Trust Co. of Toledo NA OH bought a new position in shares of Houlihan Lokey in the 2nd quarter valued at about $34,000. Brooklyn Investment Group bought a new position in shares of Houlihan Lokey in the 1st quarter valued at about $33,000. Finally, TCTC Holdings LLC boosted its stake in shares of Houlihan Lokey by 103.5% in the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $193.06 on Thursday. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 32.50 and a beta of 0.87. The firm's 50 day simple moving average is $198.26 and its 200 day simple moving average is $182.40. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.69 by $0.45. The firm had revenue of $605.35 million for the quarter, compared to the consensus estimate of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business's quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the company posted $1.22 EPS. Equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio (DPR) is 40.40%.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total transaction of $7,998,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,311 shares of company stock worth $9,477,040. Company insiders own 22.83% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLI. Zacks Research lowered shares of Houlihan Lokey from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Keefe, Bruyette & Woods reduced their target price on shares of Houlihan Lokey from $232.00 to $226.00 and set a "moderate buy" rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research note on Thursday, October 9th. They issued a "hold" rating and a $210.00 target price on the stock. Weiss Ratings reiterated a "buy (b-)" rating on shares of Houlihan Lokey in a research report on Wednesday, October 8th. Finally, BMO Capital Markets initiated coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They issued an "outperform" rating and a $230.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $212.43.

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.

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