Insider Selling: Houlihan Lokey, Inc. (HLI) Major Shareholder Sells $5,203,750.00 in Stock
Houlihan Lokey, Inc. (NYSE:HLI) major shareholder Orix Hlhz Holding Llc sold 125,000 shares of the company’s stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $41.63, for a total value of $5,203,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Orix Hlhz Holding Llc also recently made the following trade(s):
- On Monday, October 30th, Orix Hlhz Holding Llc sold 1,750,000 shares of Houlihan Lokey stock. The stock was sold at an average price of $41.63, for a total value of $72,852,500.00.
- On Thursday, September 14th, Orix Hlhz Holding Llc sold 686,760 shares of Houlihan Lokey stock. The stock was sold at an average price of $36.26, for a total value of $24,901,917.60.
Shares of Houlihan Lokey, Inc. (HLI) opened at $41.67 on Friday. Houlihan Lokey, Inc. has a twelve month low of $23.63 and a twelve month high of $44.15. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $2,778.76, a price-to-earnings ratio of 18.77, a PEG ratio of 2.78 and a beta of 0.38.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a return on equity of 20.05% and a net margin of 14.58%. The firm had revenue of $242.20 million during the quarter, compared to analyst estimates of $207.72 million. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. sell-side analysts expect that Houlihan Lokey, Inc. will post 2.1 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 annualized dividend and a dividend yield of 1.92%. Houlihan Lokey’s dividend payout ratio is presently 37.91%.
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Institutional investors and hedge funds have recently modified their holdings of the company. Advisor Group Inc. lifted its holdings in shares of Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at $105,000. Tower Research Capital LLC TRC lifted its holdings in shares of Houlihan Lokey by 122.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,371 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Houlihan Lokey by 37.8% during the 1st quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 1,270 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock valued at $188,000 after purchasing an additional 808 shares during the last quarter. Hedge funds and other institutional investors own 32.27% of the company’s stock.
A number of analysts have weighed in on HLI shares. BidaskClub lowered Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. UBS AG restated a “buy” rating and set a $42.00 target price (up previously from $40.00) on shares of Houlihan Lokey in a report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $40.00 target price on shares of Houlihan Lokey in a report on Thursday, July 27th. Zacks Investment Research lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, TheStreet upgraded Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $42.33.
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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