Capital Fund Management S.A. Boosts Stock Position in Houlihan Lokey, Inc. $HLI

Key Points

• Capital Fund Management S.A. increased its stake in Houlihan Lokey by 43.6% in Q1, owning 24,823 shares valued at approximately $4 million.
• Several hedge funds, including Bogart Wealth LLC and Caitong International Asset Management Co. Ltd., have significantly increased their holdings in Houlihan Lokey.
• Wall Street analysts have mixed ratings on Houlihan Lokey, with a consensus rating of "Moderate Buy" and a target price of $206.40.

Capital Fund Management S.A. boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 43.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,823 shares of the financial services provider's stock after acquiring an additional 7,539 shares during the quarter. Capital Fund Management S.A.'s holdings in Houlihan Lokey were worth $4,009,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bogart Wealth LLC raised its position in Houlihan Lokey by 111.1% during 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 in the last quarter. Motco purchased a new position in Houlihan Lokey during the first quarter valued at approximately $29,000. Brooklyn Investment Group purchased a new position in Houlihan Lokey during the first quarter valued at approximately $33,000. TCTC Holdings LLC raised its position in 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 acquiring an additional 118 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its position 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 valued at $43,000 after acquiring an additional 260 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $0.20 during trading on Thursday, reaching $200.47. The stock had a trading volume of 129,788 shares, compared to its average volume of 401,148. The business has a fifty day moving average price of $189.93 and a 200-day moving average price of $174.47. The stock has a market cap of $14.10 billion, a PE ratio of 33.74 and a beta of 0.86. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $201.63.

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

Houlihan Lokey Announces Dividend

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

Analysts Set New Price Targets

Several analysts have commented on the company. Morgan Stanley reissued an "overweight" rating and issued a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a report on Monday, June 23rd. Wells Fargo & Company raised their price objective on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and raised their price objective for the company from $185.00 to $232.00 in a report on Monday, July 14th. Finally, Wall Street Zen lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $206.40.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $173.02, for a total value of $86,510.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction on Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. Company insiders own 22.83% of the company's stock.

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.