Gillian Beth Zucker Sells 200 Shares of Houlihan Lokey, Inc. (NYSE:HLI) Stock

Houlihan Lokey, Inc. (NYSE:HLI) Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Gillian Beth Zucker also recently made the following trade(s):

• On Friday, September 13th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00.
• On Tuesday, August 20th, Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00.

Houlihan Lokey Stock Up 0.9 %

NYSE:HLI opened at $171.50 on Thursday. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $172.31. The company’s 50 day moving average is $156.56 and its 200-day moving average is $142.24. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 41.73 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.22. The business had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. Houlihan Lokey’s revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.89 earnings per share. Research analysts predict that Houlihan Lokey, Inc. will post 5.64 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

Institutional Investors Weigh In On Houlihan Lokey

Several institutional investors and hedge funds have recently made changes to their positions in the company. Bleakley Financial Group LLC lifted its position in Houlihan Lokey by 4.8% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,275 shares of the financial services provider’s stock worth $676,000 after buying an additional 194 shares in the last quarter. nVerses Capital LLC acquired a new position in Houlihan Lokey during the 3rd quarter worth about $442,000. Rheos Capital Works Inc. lifted its position in Houlihan Lokey by 65.1% during the 3rd quarter. Rheos Capital Works Inc. now owns 63,400 shares of the financial services provider’s stock worth $10,018,000 after buying an additional 25,000 shares in the last quarter. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey during the 3rd quarter valued at about $38,000. Finally, Hutchens & Kramer Investment Management Group LLC acquired a new position in Houlihan Lokey during the 3rd quarter valued at about $237,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HLI. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. UBS Group lifted 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. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Finally, Morgan Stanley lifted 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 report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $157.00.

Houlihan Lokey Company Profile

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.