Houlihan Lokey, Inc. $HLI Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 169.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 30,856 shares of the financial services provider’s stock after buying an additional 19,388 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Houlihan Lokey were worth $5,375,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Resources Management Corp CT ADV lifted its holdings in Houlihan Lokey by 0.9% in the second quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock valued at $1,052,000 after acquiring an additional 55 shares during the period. Westside Investment Management Inc. lifted its holdings in Houlihan Lokey by 64.4% in the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 58 shares during the period. Xponance Inc. lifted its holdings in Houlihan Lokey by 0.9% in the third quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 68 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Houlihan Lokey by 7.9% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 70 shares during the period. Finally, IFP Advisors Inc lifted its holdings in Houlihan Lokey by 4.4% in the fourth quarter. IFP Advisors Inc now owns 1,694 shares of the financial services provider’s stock valued at $295,000 after acquiring an additional 72 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on HLI. Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. BMO Capital Markets lifted their price target on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings downgraded Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Zacks Research downgraded Houlihan Lokey from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, UBS Group set a $160.00 price target on Houlihan Lokey in a research note on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $191.29.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total transaction of $71,700.00. Following the completion of the sale, the general counsel owned 500 shares in the company, valued at approximately $71,700. This trade represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the sale, the chairman owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Up 0.1%

NYSE:HLI opened at $151.71 on Monday. The company has a market capitalization of $10.59 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 1.18 and a beta of 0.99. Houlihan Lokey, Inc. has a 52-week low of $134.41 and a 52-week high of $211.78. The stock has a fifty day simple moving average of $149.00 and a 200-day simple moving average of $165.46.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.16). The firm had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.96 EPS. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be given a dividend of $0.70 per share. The ex-dividend date is Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a yield of 1.8%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio (DPR) is 38.59%.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.