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Diversified Trust Co Buys Shares of 3,203 Houlihan Lokey, Inc. $HLI

Houlihan Lokey logo with Finance background

Key Points

  • Diversified Trust Co has acquired 3,203 shares of Houlihan Lokey, Inc. valued at approximately $576,000, reflecting growing interest from institutional investors as 78.07% of the stock is now owned by them.
  • Recent analyst upgrades reflect a positive outlook on Houlihan Lokey, with Keefe, Bruyette & Woods raising their price target from $185 to $232 and maintaining a "moderate buy" rating.
  • Insider trading activity includes Chairman Paul Eric Siegert selling 40,000 shares for nearly $8 million, indicating significant movements within the company's executive ranks.
  • Interested in Houlihan Lokey? Here are five stocks we like better.

Diversified Trust Co bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,203 shares of the financial services provider's stock, valued at approximately $576,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HLI. Bogart Wealth LLC boosted its stake in Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 80 shares during the period. Motco bought a new stake in shares of Houlihan Lokey during the first quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in shares of Houlihan Lokey during the first quarter valued at approximately $33,000. TCTC Holdings LLC raised its holdings in shares of Houlihan Lokey by 103.5% during the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider's stock valued at $37,000 after buying an additional 118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Houlihan Lokey by 3,714.3% during the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider's stock valued at $43,000 after buying an additional 260 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and lifted their price target for the company from $185.00 to $232.00 in a report on Monday, July 14th. Morgan Stanley lifted their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Wells Fargo & Company lifted their price target on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Finally, Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Houlihan Lokey presently has a consensus rating of "Moderate Buy" and an average price target of $210.60.

View Our Latest Research Report on Houlihan Lokey

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 52,311 shares of company stock valued at $10,391,090. Corporate insiders own 22.83% of the company's stock.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $209.15 on Wednesday. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $211.78. The stock has a market cap of $14.71 billion, a price-to-earnings ratio of 35.21 and a beta of 0.86. The stock's 50 day moving average price is $196.86 and its 200 day moving average price is $178.41.

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 analysts' expectations of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The firm's quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 earnings per share. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.1%. Houlihan Lokey's dividend payout ratio is currently 40.40%.

About Houlihan Lokey

(Free Report)

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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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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