7,681 Shares in Houlihan Lokey, Inc. $HLI Purchased by Fox Run Management L.L.C. – MarketBeat

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Fox Run Management L.L.C. acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLIFree Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 7,681 shares of the financial services provider’s stock, valued at approximately $1,382,000.
A number of other hedge funds also recently made changes to their positions in the business. Bogart Wealth LLC increased its holdings in shares of Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 80 shares during the last quarter. Motco acquired a new stake in Houlihan Lokey during the first quarter worth approximately $29,000. Brooklyn Investment Group acquired a new stake in Houlihan Lokey during the 1st quarter worth approximately $33,000. Trust Co. of Toledo NA OH bought a new stake in Houlihan Lokey in the 2nd quarter valued at $34,000. Finally, TCTC Holdings LLC boosted its stake in Houlihan Lokey by 103.5% in the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 118 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.4%

Shares of Houlihan Lokey stock opened at $180.42 on Friday. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The company has a market capitalization of $12.69 billion, a price-to-earnings ratio of 30.37 and a beta of 0.88. The firm’s 50-day moving average price is $196.81 and its two-hundred day moving average price is $187.03.
Houlihan Lokey (NYSE:HLIGet Free Report) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $659.45 million during the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The firm’s quarterly revenue was up 14.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 EPS. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey’s dividend payout ratio is presently 38.71%.

Analysts Set New Price Targets

Several research analysts have weighed in on HLI shares. Wall Street Zen cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research note on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Morgan Stanley raised their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $212.43.
View Our Latest Analysis on Houlihan Lokey

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Paul Eric Siegert sold 40,000 shares of Houlihan Lokey stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is currently owned by corporate insiders.

About Houlihan Lokey

(Free Report)
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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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)
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