Houlihan Lokey, Inc. (HLI) Insider Scott Joseph Adelson Sells 60,589 Shares

Houlihan Lokey, Inc. (NYSE:HLI) insider Scott Joseph Adelson sold 60,589 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $2,522,320.07. Following the sale, the insider now owns 90,683 shares of the company’s stock, valued at approximately $3,775,133.29. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. The firm had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. Houlihan Lokey had a net margin of 14.58% and a return on equity of 20.05%. The business’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.92%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 37.91%.

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A number of equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Friday, September 15th. UBS AG increased their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, October 25th. J P Morgan Chase & Co assumed coverage on shares of Houlihan Lokey in a research report on Tuesday, September 12th. They set an “overweight” rating and a $42.00 target price for the company. Zacks Investment Research upgraded shares of Houlihan Lokey from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a research report on Thursday, October 12th. Finally, Keefe, Bruyette & Woods restated a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research report on Sunday, August 27th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $42.33.

Several hedge funds have recently bought and sold shares of HLI. Vanguard Group Inc. lifted its holdings in shares of Houlihan Lokey by 75.5% in the first quarter. Vanguard Group Inc. now owns 1,603,729 shares of the financial services provider’s stock worth $55,249,000 after acquiring an additional 690,029 shares during the last quarter. Neuberger Berman Group LLC lifted its holdings in shares of Houlihan Lokey by 122.1% in the second quarter. Neuberger Berman Group LLC now owns 1,193,275 shares of the financial services provider’s stock worth $41,645,000 after acquiring an additional 655,940 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Houlihan Lokey by 419.5% in the second quarter. Teachers Advisors LLC now owns 297,165 shares of the financial services provider’s stock worth $10,371,000 after acquiring an additional 239,964 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Houlihan Lokey by 109.6% in the first quarter. Renaissance Technologies LLC now owns 404,300 shares of the financial services provider’s stock worth $13,928,000 after acquiring an additional 211,400 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Houlihan Lokey by 157.3% in the first quarter. Geode Capital Management LLC now owns 250,638 shares of the financial services provider’s stock worth $8,634,000 after acquiring an additional 153,218 shares during the last quarter. 32.27% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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