First Hawaiian Bank Takes $1.49 Million Position in Houlihan Lokey, Inc. $HLI

Key Points

• First Hawaiian Bank has acquired a new position in Houlihan Lokey, Inc., purchasing 9,250 shares valued at approximately $1.49 million during the first quarter.
• Research analysts have given Houlihan Lokey an average rating of "Moderate Buy" with a consensus price target of $210.60, and some upgraded their target from $192.00 to $213.00.
• Houlihan Lokey announced a quarterly dividend of $0.60 per share with a payout ratio of 40.40%, set to be paid on September 15th.

First Hawaiian Bank acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,250 shares of the financial services provider's stock, valued at approximately $1,494,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bogart Wealth LLC boosted its stake in Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock worth $25,000 after buying an additional 80 shares during the period. Motco purchased a new position in shares of Houlihan Lokey during the 1st quarter worth approximately $29,000. Brooklyn Investment Group acquired a new stake in Houlihan Lokey in the 1st quarter valued at approximately $33,000. TCTC Holdings LLC raised its position in Houlihan Lokey by 103.5% in the first 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 period. Finally, Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $43,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at Houlihan Lokey

In related news, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction on Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business's stock in a transaction dated Wednesday, August 27th. The stock was 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. Insiders have sold 45,500 shares of company stock valued at $9,010,160 in the last quarter. 22.83% of the stock is currently owned by corporate insiders.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $205.24 on Friday. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $208.50. The stock has a market cap of $14.43 billion, a P/E ratio of 34.55 and a beta of 0.86. The firm has a fifty day moving average price of $194.45 and a 200 day moving average price of $176.37.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 40.40%.

Houlihan Lokey 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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