Insider Selling: Houlihan Lokey Inc (NYSE:HLI) Insider Sells $154,067,615.35 in Stock

Houlihan Lokey Inc (NYSE:HLI) insider Orix Hlhz Holding Llc sold 3,377,935 shares of Houlihan Lokey stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $45.61, for a total transaction of $154,067,615.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Orix Hlhz Holding Llc also recently made the following trade(s):

  • On Tuesday, May 28th, Orix Hlhz Holding Llc sold 3,000,000 shares of Houlihan Lokey stock. The shares were sold at an average price of $45.52, for a total transaction of $136,560,000.00.

Shares of NYSE HLI opened at $44.27 on Friday. The firm has a 50-day moving average of $44.68. Houlihan Lokey Inc has a 52-week low of $34.31 and a 52-week high of $50.00. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.01.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, July 25th. The financial services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.11. The business had revenue of $250.35 million for the quarter, compared to analyst estimates of $228.98 million. Houlihan Lokey had a net margin of 15.45% and a return on equity of 23.00%. The company’s revenue for the quarter was up 13.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. Equities analysts expect that Houlihan Lokey Inc will post 2.95 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, September 5th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Wednesday, September 4th. This represents a $1.24 dividend on an annualized basis and a yield of 2.80%. Houlihan Lokey’s payout ratio is presently 43.21%.

A number of institutional investors and hedge funds have recently bought and sold shares of HLI. Advisor Group Inc. boosted its position in Houlihan Lokey by 41.8% during the fourth quarter. Advisor Group Inc. now owns 4,094 shares of the financial services provider’s stock worth $151,000 after acquiring an additional 1,207 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Houlihan Lokey by 3.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 576,789 shares of the financial services provider’s stock worth $21,226,000 after acquiring an additional 16,589 shares during the last quarter. Geode Capital Management LLC boosted its position in Houlihan Lokey by 14.2% during the fourth quarter. Geode Capital Management LLC now owns 416,680 shares of the financial services provider’s stock worth $15,332,000 after acquiring an additional 51,733 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its position in Houlihan Lokey by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,822 shares of the financial services provider’s stock worth $398,000 after acquiring an additional 8,452 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in Houlihan Lokey by 15.2% during the fourth quarter. Legal & General Group Plc now owns 6,115 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 807 shares during the last quarter. Hedge funds and other institutional investors own 58.02% of the company’s stock.

Several analysts have recently issued reports on HLI shares. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Wednesday. ValuEngine lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, July 8th. JMP Securities lowered shares of Houlihan Lokey from an “outperform” rating to a “market perform” rating and set a $46.65 target price on the stock. in a research report on Thursday, May 23rd. Finally, Buckingham Research dropped their target price on shares of Houlihan Lokey from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.09.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

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Insider Buying and Selling by Quarter for Houlihan Lokey (NYSE:HLI)

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