Houlihan Lokey, Inc. (NYSE:HLI) Chairman Irwin Gold Sells 5,000 Shares

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) Chairman Irwin Gold sold 5,000 shares of the firm's 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Houlihan Lokey Price Performance

Shares of HLI traded up $2.04 during trading hours on Thursday, hitting $185.51. The stock had a trading volume of 265,347 shares, compared to its average volume of 356,731. Houlihan Lokey, Inc. has a 12 month low of $133.48 and a 12 month high of $192.10. The firm has a market capitalization of $12.95 billion, a PE ratio of 31.87 and a beta of 0.83. The stock has a fifty day moving average price of $173.57 and a 200 day moving average price of $170.25.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The company had revenue of $666.42 million during the quarter, compared to analyst estimates of $628.25 million. During the same period in the prior year, the firm posted $1.27 EPS. The firm's quarterly revenue was up 28.0% compared to the same quarter last year. As a group, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, June 2nd. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 1.29%. Houlihan Lokey's dividend payout ratio is presently 41.24%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on HLI shares. Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Keefe, Bruyette & Woods upped their target price on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. Wells Fargo & Company upped their price objective on Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $192.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bogart Wealth LLC boosted its position in shares of 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 buying an additional 80 shares during the period. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey during the 4th quarter worth $29,000. Motco purchased a new position in shares of Houlihan Lokey in the 1st quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Houlihan Lokey during the 1st quarter valued at $33,000. Finally, TCTC Holdings LLC increased its holdings in shares of 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. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Company 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.