Insider Selling: Houlihan Lokey (NYSE:HLI) General Counsel Sells 500 Shares of Stock

Key Points

• General Counsel Christopher Crain of Houlihan Lokey sold 500 shares of stock at an average price of $196.22, totaling $98,110.00, as disclosed in a SEC filing.
• The company's share price fell 2.4% to $191.56 after trading on Wednesday, while it has a market cap of $13.47 billion and a P/E ratio of 32.25.
• Houlihan Lokey announced a quarterly dividend of $0.60 per share payable on September 15th, representing a 1.3% dividend yield, with a payout ratio of 40.40%.

Houlihan Lokey, Inc. (NYSE:HLI - Get Free Report) General Counsel Christopher Crain sold 500 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Houlihan Lokey Trading Down 2.4%

Shares of HLI stock traded down $4.68 during trading hours on Wednesday, hitting $191.56. 357,660 shares of the company were exchanged, compared to its average volume of 348,715. The business has a 50 day moving average of $192.00 and a two-hundred day moving average of $175.11. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $201.63. The company has a market capitalization of $13.47 billion, a PE ratio of 32.25 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company had revenue of $605.35 million during the quarter, compared to the consensus estimate of $573.07 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm's revenue was up 17.8% compared to the same quarter last year. On average, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is 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

HLI has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and raised their target price for the company from $185.00 to $232.00 in a research report on Monday, July 14th. Wall Street Zen downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $192.00 target price (up previously from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Finally, Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Three 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, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $206.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HLI. Bogart Wealth LLC grew its position in shares of Houlihan Lokey by 111.1% in the 1st 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 during the period. Motco acquired a new stake in shares of Houlihan Lokey during the 1st quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in shares of Houlihan Lokey during the 1st quarter worth about $33,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth about $34,000. Finally, TCTC Holdings LLC lifted its stake in shares of Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider's stock worth $37,000 after buying an additional 118 shares during the last quarter. Institutional investors own 78.07% of the company's stock.

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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