OneAscent Wealth Management LLC Makes New $330,000 Investment in Houlihan Lokey, Inc. (NYSE:HLI)

OneAscent Wealth Management LLC purchased a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,086 shares of the financial services provider’s stock, valued at approximately $330,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HLI. Quest Partners LLC purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $92,000. Natixis Advisors LLC boosted its stake in shares of Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares in the last quarter. Empowered Funds LLC increased its holdings in Houlihan Lokey by 24.8% during the third quarter. Empowered Funds LLC now owns 14,409 shares of the financial services provider’s stock valued at $2,277,000 after buying an additional 2,864 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in Houlihan Lokey by 2.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 29,213 shares of the financial services provider’s stock valued at $4,616,000 after buying an additional 690 shares during the period. Finally, Chase Investment Counsel Corp raised its stake in Houlihan Lokey by 68.7% in the third quarter. Chase Investment Counsel Corp now owns 39,833 shares of the financial services provider’s stock worth $6,294,000 after buying an additional 16,226 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the transaction, the director now directly owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The trade was a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction that occurred 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 have sold a total of 1,400 shares of company stock worth $219,362 in the last ninety days. Insiders own 23.68% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of HLI opened at $184.13 on Tuesday. The stock has a 50 day moving average price of $167.51 and a 200 day moving average price of $150.19. Houlihan Lokey, Inc. has a one year low of $102.29 and a one year high of $190.66. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 37.65 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.11 earnings per share. On average, analysts predict that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 46.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HLI. UBS Group lifted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $157.00.

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.