Trust Co. of Toledo NA OH Invests $34,000 in Houlihan Lokey, Inc. $HLI

Trust Co. of Toledo NA OH purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 191 shares of the financial services provider’s stock, valued at approximately $34,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Westfield Capital Management Co. LP acquired a new position in Houlihan Lokey during the 1st quarter worth approximately $46,236,000. Jacobs Levy Equity Management Inc. increased its position in Houlihan Lokey by 1,168.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 239,522 shares of the financial services provider’s stock worth $38,683,000 after purchasing an additional 220,632 shares in the last quarter. Champlain Investment Partners LLC acquired a new position in Houlihan Lokey during the 1st quarter worth approximately $29,919,000. Assenagon Asset Management S.A. acquired a new position in Houlihan Lokey during the 2nd quarter worth approximately $32,882,000. Finally, Nuveen LLC acquired a new position in Houlihan Lokey during the 1st quarter worth approximately $23,478,000. Institutional investors own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective for the company. Keefe, Bruyette & Woods lowered their price objective on shares of Houlihan Lokey from $232.00 to $226.00 and set an “outperform” rating for the company in a research report on Monday. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Morgan Stanley upped their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average target price of $212.43.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total value of $98,110.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total transaction of $7,998,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is currently owned by insiders.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $191.69 on Tuesday. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78. The firm has a 50 day moving average price of $198.20 and a two-hundred day moving average price of $182.24. The stock has a market cap of $13.48 billion, a P/E ratio of 32.27 and a beta of 0.87.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. During the same period in the prior year, the firm posted $1.22 EPS. The company’s quarterly revenue was up 17.8% on a year-over-year basis. Analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio is currently 40.40%.

Houlihan Lokey Company 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.