Values First Advisors Inc. Has $210,000 Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Values First Advisors Inc. reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 46.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,327 shares of the financial services provider’s stock after selling 1,165 shares during the quarter. Values First Advisors Inc.’s holdings in Houlihan Lokey were worth $210,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $26,000. Crewe Advisors LLC grew its stake 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 in the second quarter worth approximately $38,000. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey in the third quarter valued at approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after buying an additional 265 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently weighed in on HLI. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price objective on the stock. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. One 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’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $157.00.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $168.25 on Friday. The company has a 50-day moving average price of $159.13 and a 200-day moving average price of $143.88. The stock has a market capitalization of $11.54 billion, a P/E ratio of 40.94 and a beta of 0.66. Houlihan Lokey, Inc. has a 1 year low of $94.67 and a 1 year high of $175.21.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. The business had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.89 EPS. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 55.47%.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total value of $30,498.00. Following the transaction, the director now owns 7,001 shares of the company’s stock, valued at approximately $1,067,582.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,917 shares of company stock worth $1,513,129. Corporate insiders own 25.97% 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.