Impact Partnership Wealth LLC Acquires New Shares in Houlihan Lokey, Inc. $HLI

Impact Partnership Wealth LLC acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the fourth quarter, Holdings Channel reports. The fund acquired 3,930 shares of the financial services provider’s stock, valued at approximately $685,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Resources Management Corp CT ADV boosted its position in Houlihan Lokey by 0.9% during the 2nd quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock valued at $1,052,000 after purchasing an additional 55 shares during the period. Westside Investment Management Inc. raised its stake in Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Huntington National Bank raised its stake in Houlihan Lokey by 5.5% during the 4th quarter. Huntington National Bank now owns 1,156 shares of the financial services provider’s stock valued at $201,000 after acquiring an additional 60 shares in the last quarter. Xponance Inc. raised its stake in Houlihan Lokey by 0.9% during the 3rd quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 68 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Houlihan Lokey by 7.9% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 3.0%

Shares of NYSE HLI opened at $141.46 on Friday. Houlihan Lokey, Inc. has a one year low of $134.41 and a one year high of $211.78. The firm has a market capitalization of $9.77 billion, a PE ratio of 22.74, a PEG ratio of 1.10 and a beta of 0.99. The business has a 50-day moving average price of $149.77 and a two-hundred day moving average price of $164.43.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The business had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. During the same quarter in the previous year, the business posted $1.96 earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year. Research analysts anticipate that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 1st will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Monday, June 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s dividend payout ratio is 38.59%.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman directly owned 6,265 shares in the company, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the transaction, the general counsel directly owned 500 shares in the company, valued at approximately $71,700. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 22.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HLI shares. The Goldman Sachs Group cut their target price on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Morgan Stanley cut their target price on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings downgraded Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. UBS Group set a $160.00 price objective on Houlihan Lokey in a research note on Thursday, May 7th. Finally, Zacks Research lowered Houlihan Lokey from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $191.29.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.