Robinhood Asset Management LLC Invests $6.86 Million in Houlihan Lokey, Inc. $HLI

Key Points

• Robinhood Asset Management opened a new position in Houlihan Lokey, buying 39,395 shares worth about $6.86 million, representing roughly 0.06% of the company.
• Houlihan Lokey reported a quarterly EPS of $1.94 (beating estimates) with revenue up 13% year-over-year, pays a $0.60 quarterly dividend (1.7% yield), and carries a consensus analyst rating of Moderate Buy with a $200.86 price target.

Robinhood Asset Management LLC bought a new position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 39,395 shares of the financial services provider's stock, valued at approximately $6,862,000. Robinhood Asset Management LLC owned about 0.06% of Houlihan Lokey as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Houlihan Lokey by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 5,305,182 shares of the financial services provider's stock valued at $1,089,260,000 after purchasing an additional 13,750 shares during the period. Mayflower Financial Advisors LLC purchased a new position in shares of Houlihan Lokey in the third quarter worth approximately $230,335,000. Bank of America Corp DE increased its position in shares of Houlihan Lokey by 4.1% in the second quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider's stock worth $187,506,000 after acquiring an additional 41,470 shares in the last quarter. Capital Research Global Investors raised its holdings in shares of Houlihan Lokey by 19.7% during the third quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider's stock valued at $196,376,000 after acquiring an additional 157,605 shares during the period. Finally, Raymond James Financial Inc. lifted its position in shares of Houlihan Lokey by 10.4% in the 2nd quarter. Raymond James Financial Inc. now owns 874,078 shares of the financial services provider's stock valued at $157,291,000 after acquiring an additional 82,002 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total transaction of $71,700.00. Following the transaction, the general counsel directly owned 500 shares in the company, valued at $71,700. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Schriesheim sold 5,000 shares of the business's stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the sale, the director directly owned 27,982 shares of the company's stock, valued at $4,781,004.52. This represents a 15.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 22.83% of the stock is currently owned by insiders.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $140.78 on Tuesday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 21.63 and a beta of 1.00. The stock has a 50-day simple moving average of $156.09 and a 200-day simple moving average of $175.24. Houlihan Lokey, Inc. has a 52-week low of $134.41 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, topping analysts' consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The firm's quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.64 EPS. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.60 per share. The ex-dividend date was Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. Houlihan Lokey's dividend payout ratio (DPR) is currently 36.87%.

Analyst Upgrades and Downgrades

HLI has been the topic of several recent analyst reports. Morgan Stanley cut their target price on shares of Houlihan Lokey from $216.00 to $215.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods lowered their price target on Houlihan Lokey from $218.00 to $214.00 and set an "outperform" rating on the stock in a report on Thursday, January 29th. The Goldman Sachs Group dropped their price target on Houlihan Lokey from $210.00 to $184.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings downgraded Houlihan Lokey from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Monday, March 9th. Finally, UBS Group lowered their target price on Houlihan Lokey from $196.00 to $163.00 and set a "neutral" rating on the stock in a research note on Thursday, March 12th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Moderate Buy" and a consensus price target of $200.86.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm's core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.

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