Taylor Frigon Capital Management LLC Has $1.94 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Taylor Frigon Capital Management LLC decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 16.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 12,302 shares of the financial services provider’s stock after selling 2,394 shares during the period. Taylor Frigon Capital Management LLC’s holdings in Houlihan Lokey were worth $1,944,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLI. Opal Wealth Advisors LLC purchased a new stake in shares of Houlihan Lokey in the second quarter valued at $26,000. Crewe Advisors LLC boosted its position in Houlihan Lokey by 264.5% during the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares during the period. Wolff Wiese Magana LLC acquired a new stake in Houlihan Lokey during the 3rd quarter worth about $38,000. Ashton Thomas Private Wealth LLC purchased a new position in Houlihan Lokey during the 2nd quarter valued at about $38,000. Finally, Benjamin F. Edwards & Company Inc. lifted its position in shares of Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 265 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target on the stock. UBS Group increased their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley boosted their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $157.00.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the sale, the director now owns 7,001 shares in the company, valued at $1,067,582.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders sold a total of 9,917 shares of company stock valued at $1,513,129 in the last ninety days. Company insiders own 25.97% of the company’s stock.

Houlihan Lokey Trading Up 0.4 %

HLI traded up $0.60 during trading on Thursday, hitting $166.74. The stock had a trading volume of 64,538 shares, compared to its average volume of 319,154. The firm has a market cap of $11.44 billion, a PE ratio of 40.71 and a beta of 0.66. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $175.21. The company has a 50 day simple moving average of $158.78 and a 200-day simple moving average of $143.71.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting analysts’ consensus estimates of $1.22. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. During the same period in the previous year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 23.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 55.47%.

About Houlihan Lokey

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.