Guggenheim Capital LLC boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 13.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,466 shares of the financial services provider’s stock after purchasing an additional 1,229 shares during the quarter. Guggenheim Capital LLC’s holdings in Houlihan Lokey were worth $916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in HLI. Belpointe Asset Management LLC purchased a new stake in Houlihan Lokey in the fourth quarter valued at about $26,000. Global Retirement Partners LLC raised its stake in shares of Houlihan Lokey by 22.0% in the first quarter. Global Retirement Partners LLC now owns 637 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 115 shares during the last quarter. Goldstream Capital Management Ltd purchased a new position in shares of Houlihan Lokey in the first quarter worth about $63,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Houlihan Lokey in the first quarter worth about $73,000. Finally, Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Houlihan Lokey in the first quarter worth about $73,000. Institutional investors own 98.87% of the company’s stock.
Insider Transactions at Houlihan Lokey
In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $100.66, for a total transaction of $100,660.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Chairman Irwin Gold sold 10,000 shares of the business’s stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $91.23, for a total transaction of $912,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $100.66, for a total value of $100,660.00. The disclosure for this sale can be found here. Corporate insiders own 25.97% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on HLI
Houlihan Lokey Price Performance
Shares of NYSE:HLI opened at $106.51 on Tuesday. The business’s 50 day moving average price is $100.98 and its 200-day moving average price is $94.38. The firm has a market capitalization of $7.38 billion, a PE ratio of 28.25 and a beta of 0.79. Houlihan Lokey, Inc. has a 1 year low of $74.18 and a 1 year high of $108.43.
Houlihan Lokey (NYSE:HLI – Get Free Report) last issued its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.02 by ($0.13). The firm had revenue of $415.83 million during the quarter, compared to analyst estimates of $438.00 million. Houlihan Lokey had a return on equity of 19.40% and a net margin of 14.38%. The business’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 earnings per share. As a group, analysts expect that Houlihan Lokey, Inc. will post 4.4 earnings per share for the current year.
Houlihan Lokey Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, August 31st. Houlihan Lokey’s dividend payout ratio is presently 58.36%.
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.
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