Houlihan Lokey, Inc. $HLI Shares Acquired by Magnetar Financial LLC

by · The Markets Daily

Magnetar Financial LLC lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 150.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,784 shares of the financial services provider’s stock after acquiring an additional 27,492 shares during the period. Magnetar Financial LLC owned 0.07% of Houlihan Lokey worth $8,239,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Motco acquired a new stake in Houlihan Lokey during the first quarter worth approximately $29,000. Trust Co. of Toledo NA OH acquired a new position in shares of Houlihan Lokey in the 2nd quarter valued at $34,000. Brooklyn Investment Group purchased a new position in shares of Houlihan Lokey in the 1st quarter valued at $33,000. TCTC Holdings LLC raised its stake in Houlihan Lokey by 103.5% during the 1st quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 118 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its position in Houlihan Lokey by 3,714.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 260 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HLI shares. Wall Street Zen lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft began coverage on Houlihan Lokey in a research report on Thursday, October 9th. They issued a “hold” rating and a $210.00 target price for the company. BMO Capital Markets began coverage on Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Houlihan Lokey in a report on Wednesday. Finally, Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and an average price target of $212.43.

View Our Latest Stock Analysis on HLI

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $173.72 on Friday. The stock has a fifty day moving average price of $192.47 and a 200 day moving average price of $188.17. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The company has a market cap of $12.17 billion, a PE ratio of 29.25 and a beta of 0.88.

Houlihan Lokey (NYSE:HLIGet Free Report) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. The company had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. Houlihan Lokey’s revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 EPS. Analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, December 1st. Houlihan Lokey’s dividend payout ratio is currently 38.71%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total value of $98,110.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 47,311 shares of company stock worth $9,477,040 over the last 90 days. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Profile

(Free Report)

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.

Further Reading

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