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Highland Capital Management LLC Makes New Investment in Houlihan Lokey, Inc. $HLI

Houlihan Lokey logo with Finance background

Key Points

  • Highland Capital Management LLC has acquired 8,062 shares of Houlihan Lokey, Inc., valued at approximately $1,451,000, marking a new investment in the financial services provider.
  • Analysts have set a consensus target price of $213.83 for Houlihan Lokey, with varying recent ratings from "strong-buy" to "hold" by several firms.
  • Houlihan Lokey recently announced a quarterly dividend of $0.60 per share, with an annualized yield of 1.2% and a payout ratio of 40.40%.
  • Five stocks to consider instead of Houlihan Lokey.

Highland Capital Management LLC bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,062 shares of the financial services provider's stock, valued at approximately $1,451,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. 111 Capital acquired a new stake in Houlihan Lokey in the 2nd quarter worth about $231,000. QRG Capital Management Inc. increased its holdings in shares of Houlihan Lokey by 9.4% during the second quarter. QRG Capital Management Inc. now owns 5,457 shares of the financial services provider's stock worth $982,000 after purchasing an additional 470 shares during the period. J2 Capital Management Inc raised its position in shares of Houlihan Lokey by 37.4% in the second quarter. J2 Capital Management Inc now owns 2,315 shares of the financial services provider's stock valued at $417,000 after buying an additional 630 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 7.3% in the second quarter. PineStone Asset Management Inc. now owns 74,495 shares of the financial services provider's stock valued at $13,405,000 after buying an additional 5,100 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Houlihan Lokey by 12.3% during the second quarter. Public Employees Retirement System of Ohio now owns 52,622 shares of the financial services provider's stock worth $9,469,000 after buying an additional 5,757 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLI has been the subject of several analyst reports. Zacks Research cut Houlihan Lokey from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Wells Fargo & Company increased their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and boosted their target price for the company from $185.00 to $232.00 in a research report on Monday, July 14th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Houlihan Lokey in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $213.83.

View Our Latest Research Report on HLI

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated 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. Insiders sold a total of 47,311 shares of company stock valued at $9,477,040 in the last 90 days. Corporate insiders own 22.83% of the company's stock.

Houlihan Lokey Trading Down 0.1%

Shares of Houlihan Lokey stock opened at $201.24 on Monday. The firm's 50 day moving average is $198.15 and its 200 day moving average is $181.06. The firm has a market capitalization of $14.15 billion, a PE ratio of 33.88 and a beta of 0.87. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.69 by $0.45. The business had revenue of $605.35 million during 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 firm's revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 EPS. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Houlihan Lokey's 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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