Sanctuary Advisors LLC Raises Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Sanctuary Advisors LLC lifted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 30.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 20,007 shares of the financial services provider’s stock after buying an additional 4,658 shares during the period. Sanctuary Advisors LLC’s holdings in Houlihan Lokey were worth $3,162,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Crewe Advisors LLC lifted its stake in shares of Houlihan Lokey by 264.5% during the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Houlihan Lokey in the second quarter valued at $38,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey during the third quarter worth about $38,000. First Horizon Advisors Inc. boosted its stake in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the last quarter. Finally, Quarry LP purchased a new stake in Houlihan Lokey in the 3rd quarter valued at about $76,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.8 %

Shares of HLI stock opened at $178.03 on Wednesday. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10. The firm’s 50 day moving average price is $178.29 and its two-hundred day moving average price is $157.26. The stock has a market cap of $12.37 billion, a price-to-earnings ratio of 36.41 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping 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 firm had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the prior year, the company earned $1.11 EPS. The firm’s revenue was up 23.1% on a year-over-year basis. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a $0.57 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.28%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HLI shares. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Finally, UBS Group upped their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $170.60.

Insider Activity at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction 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 in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company 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.