12,082 Shares in Houlihan Lokey, Inc. $HLI Purchased by FJ Capital Management LLC

FJ Capital Management LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 12,082 shares of the financial services provider’s stock, valued at approximately $2,174,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Quantinno Capital Management LP increased its holdings in Houlihan Lokey by 23.8% during the second quarter. Quantinno Capital Management LP now owns 11,256 shares of the financial services provider’s stock worth $2,026,000 after buying an additional 2,167 shares during the last quarter. Diversify Wealth Management LLC grew its stake in shares of Houlihan Lokey by 11.2% in the second quarter. Diversify Wealth Management LLC now owns 1,582 shares of the financial services provider’s stock valued at $306,000 after acquiring an additional 159 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of Houlihan Lokey by 4.1% during the 2nd quarter. Treasurer of the State of North Carolina now owns 25,266 shares of the financial services provider’s stock worth $4,547,000 after purchasing an additional 993 shares in the last quarter. Nebula Research & Development LLC raised its position in shares of Houlihan Lokey by 117.1% in the second quarter. Nebula Research & Development LLC now owns 9,273 shares of the financial services provider’s stock valued at $1,669,000 after buying an additional 5,001 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Houlihan Lokey by 1.7% during the 2nd quarter. NewEdge Advisors LLC now owns 29,343 shares of the financial services provider’s stock worth $5,280,000 after acquiring an additional 487 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Down 0.3%

Shares of HLI stock opened at $179.82 on Friday. The firm has a market cap of $12.60 billion, a P/E ratio of 29.00 and a beta of 0.95. The company has a 50 day moving average of $184.44 and a 200-day moving average of $188.35. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. The company had revenue of $659.45 million during the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.46 EPS. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, December 1st will be given a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. Houlihan Lokey’s dividend payout ratio is currently 38.71%.

Analyst Ratings Changes

Several research analysts have commented on HLI shares. UBS Group started coverage on Houlihan Lokey in a research note on Thursday. They set a “neutral” rating and a $193.00 target price for the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price for the company. BMO Capital Markets began coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price objective on the stock. Finally, Morgan Stanley increased their price target on Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $207.14.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Irwin Gold sold 6,811 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 22.83% of the stock is currently owned by corporate insiders.

About Houlihan Lokey

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.