BB&T Securities LLC raised its holdings in Houlihan Lokey Inc (NYSE:HLI) by 22.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,637 shares of the financial services provider’s stock after purchasing an additional 2,657 shares during the quarter. BB&T Securities LLC’s holdings in Houlihan Lokey were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in HLI. Wells Fargo & Company MN grew its stake in Houlihan Lokey by 61.0% in the 1st quarter. Wells Fargo & Company MN now owns 695,590 shares of the financial services provider’s stock valued at $31,023,000 after purchasing an additional 263,485 shares during the period. Rhumbline Advisers lifted its position in shares of Houlihan Lokey by 8.3% during the 1st quarter. Rhumbline Advisers now owns 24,981 shares of the financial services provider’s stock valued at $1,114,000 after buying an additional 1,923 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Houlihan Lokey during the 1st quarter valued at $109,000. Trexquant Investment LP purchased a new position in shares of Houlihan Lokey during the 1st quarter valued at $324,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Houlihan Lokey by 12.3% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 147,327 shares of the financial services provider’s stock valued at $6,571,000 after buying an additional 16,181 shares during the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.
Shares of NYSE:HLI traded up $0.44 on Friday, hitting $42.47. The company’s stock had a trading volume of 239,299 shares, compared to its average volume of 272,673. Houlihan Lokey Inc has a 1 year low of $39.60 and a 1 year high of $53.20. The stock has a market cap of $2.96 billion, a P/E ratio of 17.77, a PEG ratio of 1.09 and a beta of 0.48. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.01.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, July 26th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.05). Houlihan Lokey had a net margin of 16.85% and a return on equity of 19.74%. The business had revenue of $220.00 million during the quarter, compared to analysts’ expectations of $230.85 million. During the same period in the previous year, the business earned $0.50 EPS. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities research analysts expect that Houlihan Lokey Inc will post 2.68 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Stockholders of record on Monday, September 3rd were given a dividend of $0.27 per share. The ex-dividend date was Thursday, August 30th. This represents a $1.08 annualized dividend and a dividend yield of 2.54%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 45.19%.
A number of analysts recently issued reports on the company. Zacks Investment Research raised Houlihan Lokey from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a report on Wednesday, June 27th. Bank of America increased their price objective on Houlihan Lokey from $50.00 to $55.00 and gave the stock a “neutral” rating in a report on Tuesday, June 26th. JMP Securities increased their price objective on Houlihan Lokey from $55.00 to $57.00 and gave the stock a “market outperform” rating in a report on Friday, July 27th. UBS Group dropped their price objective on Houlihan Lokey from $57.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, October 8th. Finally, ValuEngine cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, September 28th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $54.71.
In other news, major shareholder Orix Hlhz Holding Llc sold 42,474 shares of the stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $48.12, for a total transaction of $2,043,848.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 869,153 shares of company stock worth $42,081,369 over the last quarter. Corporate insiders own 80.50% of the company’s stock.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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