BB&T Securities LLC Boosts Stock Position in Houlihan Lokey Inc (NYSE:HLI)

BB&T Securities LLC raised its stake in Houlihan Lokey Inc (NYSE:HLI) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,642 shares of the financial services provider’s stock after purchasing an additional 1,103 shares during the period. BB&T Securities LLC’s holdings in Houlihan Lokey were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tower Research Capital LLC TRC purchased a new position in Houlihan Lokey in the second quarter valued at about $29,000. Coastal Investment Advisors Inc. purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $56,000. Aperio Group LLC purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $92,000. Point72 Hong Kong Ltd purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $99,000. Finally, Captrust Financial Advisors grew its stake in shares of Houlihan Lokey by 66.9% during the second quarter. Captrust Financial Advisors now owns 2,357 shares of the financial services provider’s stock worth $105,000 after acquiring an additional 945 shares during the last quarter. Institutional investors own 63.92% of the company’s stock.

Shares of HLI stock opened at $47.99 on Friday. Houlihan Lokey Inc has a fifty-two week low of $34.31 and a fifty-two week high of $50.00. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 16.72 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.01 and a current ratio of 0.85. The stock’s 50-day simple moving average is $45.82 and its 200-day simple moving average is $45.50.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.70. Houlihan Lokey had a return on equity of 22.34% and a net margin of 14.85%. The business had revenue of $272.81 million for the quarter, compared to analyst estimates of $268.03 million. During the same quarter in the previous year, the firm earned $0.70 earnings per share. The company’s revenue was down .8% on a year-over-year basis. As a group, equities analysts forecast that Houlihan Lokey Inc will post 2.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, December 5th will be paid a dividend of $0.31 per share. The ex-dividend date is Wednesday, December 4th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.58%. Houlihan Lokey’s payout ratio is 43.21%.

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In related news, insider Scott Joseph Adelson sold 57,873 shares of Houlihan Lokey stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $48.09, for a total transaction of $2,783,112.57. Following the completion of the sale, the insider now owns 57,873 shares of the company’s stock, valued at $2,783,112.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Irwin Gold sold 20,000 shares of Houlihan Lokey stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $47.03, for a total value of $940,600.00. Following the sale, the chairman now directly owns 20,000 shares of the company’s stock, valued at approximately $940,600. The disclosure for this sale can be found here. Insiders have sold 135,373 shares of company stock worth $6,456,213 in the last 90 days. Insiders own 38.23% of the company’s stock.

HLI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Saturday. ValuEngine lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $49.44.

Houlihan Lokey Company Profile

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

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