Dorsey Wright & Associates Purchases New Shares in Houlihan Lokey, Inc. (NYSE:HLI)

Dorsey Wright & Associates acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) in the 3rd quarter, Holdings Channel reports. The firm acquired 21,456 shares of the financial services provider’s stock, valued at approximately $3,390,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Houlihan Lokey during the second quarter valued at about $26,000. Crewe Advisors LLC lifted its holdings in Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey during the 2nd quarter valued at approximately $38,000. Wolff Wiese Magana LLC purchased a new position in shares of Houlihan Lokey during the 3rd quarter worth approximately $38,000. Finally, First Horizon Advisors Inc. raised its position in shares of 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 acquiring an additional 198 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 0.5 %

NYSE HLI opened at $184.30 on Friday. Houlihan Lokey, Inc. has a 12 month low of $112.17 and a 12 month high of $192.10. The stock’s fifty day moving average price is $175.99 and its 200-day moving average price is $155.23. The stock has a market cap of $12.81 billion, a P/E ratio of 37.69 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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey’s revenue was up 23.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.11 EPS. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on HLI shares. Wells Fargo & Company started coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target on the stock. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley increased their price target 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. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $157.00.

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 stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now directly owns 6,601 shares of the company’s stock, valued at $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 SEC, which is available through the SEC website. 23.68% of the stock is owned by insiders.

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.