SCS Capital Management LLC Takes $219,000 Position in Houlihan Lokey, Inc. $HLI

Key Points

• SCS Capital Management LLC has acquired a new position of approximately $219,000 in Houlihan Lokey, purchasing 1,355 shares in the first quarter.
• The company's stock recently dropped by 1.4% and has a market capitalization of $14.43 billion, with a price-to-earnings ratio of 34.55.
• Houlihan Lokey reported better-than-expected quarterly earnings, with an EPS of $2.14 compared to analysts' estimates of $1.69, and announced a dividend of $0.60 to be paid on September 15th.

SCS Capital Management LLC purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,355 shares of the financial services provider's stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC bought a new position in Houlihan Lokey in the first quarter valued at approximately $619,000. New York State Teachers Retirement System boosted its stake in Houlihan Lokey by 1.1% in the first quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider's stock valued at $2,895,000 after acquiring an additional 200 shares during the last quarter. OneDigital Investment Advisors LLC bought a new position in Houlihan Lokey in the first quarter valued at approximately $210,000. QRG Capital Management Inc. boosted its stake in Houlihan Lokey by 9.7% in the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider's stock valued at $805,000 after acquiring an additional 439 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Houlihan Lokey by 31.4% in the first quarter. PNC Financial Services Group Inc. now owns 16,955 shares of the financial services provider's stock valued at $2,738,000 after acquiring an additional 4,056 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Down 1.4%

Shares of NYSE:HLI opened at $205.24 on Friday. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $208.50. The company's fifty day simple moving average is $194.45 and its 200 day simple moving average is $176.33. The firm has a market cap of $14.43 billion, a price-to-earnings ratio of 34.55 and a beta of 0.86.

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, topping analysts' consensus estimates of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. During the same period last year, the business posted $1.22 earnings per share. The firm's quarterly revenue was up 17.8% on a year-over-year basis. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Houlihan Lokey's payout ratio is presently 40.40%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total transaction of $98,110.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,500 shares of company stock worth $9,010,160. Insiders own 22.83% of the company's stock.

Wall Street Analyst Weigh In

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

About Houlihan Lokey

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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