IHT Wealth Management LLC Buys Shares of 1,688 Houlihan Lokey, Inc. (NYSE:HLI)

IHT Wealth Management LLC purchased a new stake in Houlihan Lokey, Inc. (NYSE:HLI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,688 shares of the financial services provider’s stock, valued at approximately $268,000.

Several other large investors have also made changes to their positions in HLI. Crewe Advisors LLC boosted its position in Houlihan Lokey by 264.5% during the second 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 bought a new stake in Houlihan Lokey during the second quarter worth approximately $38,000. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the third quarter worth approximately $38,000. First Horizon Advisors Inc. boosted its position 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 period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Houlihan Lokey by 69.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 277 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 2.3 %

Shares of NYSE HLI opened at $180.09 on Tuesday. The business has a fifty day simple moving average of $176.44 and a 200 day simple moving average of $155.70. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 36.83 and a beta of 0.67. Houlihan Lokey, Inc. has a one year low of $112.17 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its 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 return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same period in the prior year, the company posted $1.11 earnings per share. Houlihan Lokey’s revenue was up 23.1% on a year-over-year basis. On average, research analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research analyst reports. Wells Fargo & Company initiated coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the stock from $171.00 to $200.00 in a report on Monday. Finally, UBS Group upped their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $164.40.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey 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 value of $33,616.00. Following the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 23.68% of the company’s stock.

Houlihan Lokey 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.