Callan Family Office LLC Raises Stock Position in Houlihan Lokey, Inc. $HLI

Callan Family Office LLC lifted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 212.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,688 shares of the financial services provider’s stock after buying an additional 3,188 shares during the period. Callan Family Office LLC’s holdings in Houlihan Lokey were worth $844,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of HLI. Westfield Capital Management Co. LP purchased a new position in shares of Houlihan Lokey in the 1st quarter worth approximately $46,236,000. Jacobs Levy Equity Management Inc. grew its position in shares of Houlihan Lokey by 1,168.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 239,522 shares of the financial services provider’s stock worth $38,683,000 after buying an additional 220,632 shares during the last quarter. Champlain Investment Partners LLC purchased a new position in shares of Houlihan Lokey in the 1st quarter worth approximately $29,919,000. Assenagon Asset Management S.A. purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth approximately $32,882,000. Finally, Nuveen LLC purchased a new position in shares of Houlihan Lokey in the 1st quarter worth approximately $23,478,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.9%

Shares of NYSE HLI opened at $191.69 on Tuesday. Houlihan Lokey, Inc. has a 12 month low of $137.99 and a 12 month high of $211.78. The company has a 50 day simple moving average of $198.20 and a two-hundred day simple moving average of $182.24. The stock has a market cap of $13.48 billion, a price-to-earnings ratio of 32.27 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating 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 business had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. During the same period in the previous year, the business posted $1.22 EPS. The business’s quarterly revenue was up 17.8% compared to the same quarter last year. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey’s payout ratio is currently 40.40%.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The disclosure for this sale can be found here. Insiders sold a total of 47,311 shares of company stock worth $9,477,040 in the last three months. Company insiders own 22.83% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Keefe, Bruyette & Woods lowered their target price on shares of Houlihan Lokey from $232.00 to $226.00 and set an “outperform” rating for the company in a research note on Monday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Houlihan Lokey in a research note on Thursday. They issued a “hold” rating and a $210.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $212.43.

Houlihan Lokey 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.