Vanguard Personalized Indexing Management LLC Boosts Stock Position in Houlihan Lokey, Inc. $HLI

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Houlihan Lokey, Inc. by 18.7% during the second quarter, amounting to a total of 8,940 shares valued at $1,609,000.
• Insider trading activity saw 47,311 shares sold during the last quarter, with notable sales from General Counsel Christopher M. Crain and Chairman Paul Eric Siegert, totaling nearly $8 million.
• The company reported $2.14 earnings per share, surpassing expectations, and announced a quarterly dividend of $0.60 with a 1.3% dividend yield.

Vanguard Personalized Indexing Management LLC lifted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 18.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,940 shares of the financial services provider's stock after purchasing an additional 1,408 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Houlihan Lokey were worth $1,609,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Johnson Investment Counsel Inc. purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth about $212,000. Trust Co. of Toledo NA OH bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $34,000. Inspire Investing LLC purchased a new stake in Houlihan Lokey during the 2nd quarter valued at about $879,000. Blue Trust Inc. boosted its holdings in Houlihan Lokey by 8.3% during the 2nd quarter. Blue Trust Inc. now owns 3,784 shares of the financial services provider's stock valued at $681,000 after acquiring an additional 290 shares during the period. Finally, Callan Family Office LLC boosted its holdings in Houlihan Lokey by 212.5% during the 2nd quarter. Callan Family Office LLC now owns 4,688 shares of the financial services provider's stock valued at $844,000 after acquiring an additional 3,188 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,311 shares of company stock valued at $9,477,040. Corporate insiders own 22.83% of the company's stock.

Houlihan Lokey Stock Performance

NYSE HLI opened at $190.36 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The stock has a 50 day simple moving average of $198.26 and a two-hundred day simple moving average of $182.77. The stock has a market cap of $13.38 billion, a P/E ratio of 32.05 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $573.07 million. During the same quarter in the prior year, the company earned $1.22 EPS. The business's revenue was up 17.8% compared to the same quarter last year. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were given a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. Houlihan Lokey's dividend payout ratio is currently 40.40%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Morgan Stanley increased their target price on Houlihan Lokey from $192.00 to $213.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $232.00 to $226.00 and set a "moderate buy" rating for the company in a report on Monday, October 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. Finally, BMO Capital Markets assumed coverage on Houlihan Lokey in a report on Friday, October 3rd. They set an "outperform" rating and a $230.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $212.43.

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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