Houlihan Lokey Inc (HLI) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. grew its stake in Houlihan Lokey Inc (NYSE:HLI) by 157.1% during the third quarter, HoldingsChannel.com reports. The fund owned 120,570 shares of the financial services provider’s stock after acquiring an additional 73,670 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Houlihan Lokey were worth $4,718,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Houlihan Lokey in the 2nd quarter valued at approximately $105,000. Advisor Group Inc. increased its stake in Houlihan Lokey by 2,125.0% during the 3rd quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after buying an additional 2,720 shares during the period. Tower Research Capital LLC TRC increased its stake in Houlihan Lokey by 122.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock worth $150,000 after buying an additional 2,371 shares during the period. Legal & General Group Plc increased its stake in Houlihan Lokey by 12.3% during the 2nd quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after buying an additional 570 shares during the period. Finally, Victory Capital Management Inc. increased its stake in Houlihan Lokey by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,398 shares of the financial services provider’s stock worth $188,000 after buying an additional 808 shares during the period. 34.61% of the stock is currently owned by institutional investors and hedge funds.

In other Houlihan Lokey news, insider J Lindsey Alley sold 973 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $41.63, for a total transaction of $40,505.99. Following the completion of the transaction, the insider now owns 973 shares in the company, valued at approximately $40,505.99. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Irwin Gold sold 91,453 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $41.63, for a total transaction of $3,807,188.39. Following the transaction, the chairman now owns 102,314 shares of the company’s stock, valued at approximately $4,259,331.82. The disclosure for this sale can be found here. Insiders have sold a total of 2,120,627 shares of company stock valued at $88,281,702 in the last quarter. 69.70% of the stock is currently owned by company insiders.

Houlihan Lokey Inc (HLI) opened at $48.73 on Thursday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey Inc has a twelve month low of $29.51 and a twelve month high of $49.18. The company has a market cap of $3,210.00 and a P/E ratio of 23.09.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. Houlihan Lokey had a net margin of 14.58% and a return on equity of 19.71%. The company had revenue of $242.20 million during the quarter, compared to analysts’ expectations of $207.72 million. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue was up 29.9% on a year-over-year basis. equities analysts forecast that Houlihan Lokey Inc will post 2.1 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.64%. The ex-dividend date was Friday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 37.91%.

Several equities research analysts recently weighed in on HLI shares. Keefe, Bruyette & Woods reaffirmed a “buy” rating on shares of Houlihan Lokey in a research note on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 26th. UBS Group upped their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, October 25th. Bank of America upped their target price on shares of Houlihan Lokey from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $45.50.

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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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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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