Houlihan Lokey (NYSE:HLI) General Counsel Christopher M. Crain Sells 500 Shares

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 M. Crain sold 500 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Houlihan Lokey Trading Up 1.3%

Shares of NYSE HLI traded up $2.52 during trading hours on Monday, reaching $199.61. The stock had a trading volume of 63,512 shares, compared to its average volume of 402,208. The firm has a market cap of $14.03 billion, a price-to-earnings ratio of 33.60 and a beta of 0.86. The business's fifty day moving average price is $192.57 and its two-hundred day moving average price is $175.30. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $201.63.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.69 by $0.45. The firm had revenue of $605.35 million during the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.Houlihan Lokey's quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Hedge Funds Weigh In On Houlihan Lokey

Several hedge funds have recently made changes to their positions in the company. Bogart Wealth LLC boosted its holdings in Houlihan Lokey by 111.1% in the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 80 shares during the last quarter. Motco purchased a new stake in shares of Houlihan Lokey during the 1st quarter worth about $29,000. Brooklyn Investment Group purchased a new stake in shares of Houlihan Lokey during the 1st quarter worth about $33,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Houlihan Lokey during the 2nd quarter worth about $34,000. Finally, TCTC Holdings LLC boosted 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 acquiring an additional 118 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Morgan Stanley upped their target price on Houlihan Lokey from $192.00 to $213.00 and gave the stock an "overweight" rating in a report on Monday. Wells Fargo & Company upped their target price on Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their target price for the stock from $185.00 to $232.00 in a report on Monday, July 14th. Finally, Wall Street Zen downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of "Moderate Buy" and an average target price of $210.60.

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.