Integrated Investment Consultants LLC Acquires 9,490 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Integrated Investment Consultants LLC lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 142.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,174 shares of the financial services provider’s stock after acquiring an additional 9,490 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Houlihan Lokey were worth $2,556,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. Opal Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey during the 2nd quarter worth about $26,000. Crewe Advisors LLC raised its holdings in Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Houlihan Lokey in the second quarter valued at about $38,000. Wolff Wiese Magana LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter valued at approximately $38,000. Finally, First Horizon Advisors Inc. lifted its stake in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $186.99 on Thursday. Houlihan Lokey, Inc. has a 52-week low of $102.29 and a 52-week high of $190.66. The firm has a 50 day moving average price of $168.87 and a two-hundred day moving average price of $150.82. The firm has a market cap of $13.00 billion, a price-to-earnings ratio of 38.24 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same quarter in the prior year, the firm posted $1.11 earnings per share. The business’s quarterly revenue was up 23.1% compared to the same quarter last year. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.79 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Analysts Set New Price Targets

Several research analysts have commented on HLI shares. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price for the company. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. UBS Group increased their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $157.00.

Insiders Place Their Bets

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,400 shares of company stock worth $219,362. Corporate insiders own 23.68% of the company’s stock.

About Houlihan Lokey

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.