SG Americas Securities LLC Purchases New Stake in Houlihan Lokey, Inc. (HLI)
SG Americas Securities LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,004 shares of the financial services provider’s stock, valued at approximately $105,000.
Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its position in shares of Houlihan Lokey by 9.1% during the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after buying an additional 381 shares in the last quarter. Legal & General Group Plc grew its position in shares of Houlihan Lokey by 37.8% during the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock worth $159,000 after buying an additional 1,270 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Houlihan Lokey during the first quarter worth approximately $182,000. Jane Street Group LLC acquired a new stake in shares of Houlihan Lokey during the first quarter worth approximately $205,000. Finally, American International Group Inc. grew its position in shares of Houlihan Lokey by 7.1% during the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after buying an additional 497 shares in the last quarter. 32.17% of the stock is owned by institutional investors and hedge funds.
Houlihan Lokey, Inc. (HLI) opened at 38.55 on Thursday. The firm has a market cap of $2.58 billion, a P/E ratio of 19.98 and a beta of 0.34. The firm has a 50-day moving average of $36.00 and a 200-day moving average of $34.74. Houlihan Lokey, Inc. has a 12-month low of $23.19 and a 12-month high of $39.68.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $217.00 million during the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. Houlihan Lokey’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. On average, analysts expect that Houlihan Lokey, Inc. will post $2.04 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.08%. Houlihan Lokey’s payout ratio is 41.67%.
In related news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 69.70% of the company’s stock.
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A number of research firms have recently weighed in on HLI. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. J P Morgan Chase & Co began coverage on shares of Houlihan Lokey in a research report on Tuesday, September 12th. They set an “overweight” rating and a $42.00 price target for the company. Keefe, Bruyette & Woods reissued a “buy” rating and set a $40.00 price target on shares of Houlihan Lokey in a research report on Sunday, August 27th. BidaskClub raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Finally, TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research report on Monday, August 14th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.83.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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