Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 11.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,548 shares of the financial services provider’s stock after selling 1,397 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Houlihan Lokey were worth $795,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Horizon Advisors Inc. acquired a new position in Houlihan Lokey during the 2nd quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in Houlihan Lokey during the 3rd quarter worth $34,000. Exchange Traded Concepts LLC boosted its position in Houlihan Lokey by 32.7% during the 3rd quarter. Exchange Traded Concepts LLC now owns 974 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 240 shares during the period. Castle Wealth Management LLC acquired a new position in Houlihan Lokey during the 2nd quarter worth $76,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in Houlihan Lokey by 50.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,050 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 70.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley boosted their price target on Houlihan Lokey from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Monday, October 31st. StockNews.com assumed coverage on Houlihan Lokey in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Keefe, Bruyette & Woods upped their price objective on Houlihan Lokey from $90.00 to $95.00 and gave the company a “market perform” rating in a report on Tuesday, January 3rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.60.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the company’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $99.53, for a total value of $497,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the company’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $99.53, for a total value of $497,650.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Scott L. Beiser sold 16,367 shares of the company’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $93.28, for a total value of $1,526,713.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 22,182 shares of company stock valued at $2,104,658. Company insiders own 27.90% of the company’s stock.

Houlihan Lokey Stock Up 1.3 %

Shares of Houlihan Lokey stock opened at $97.01 on Monday. The firm has a market cap of $6.66 billion, a price-to-earnings ratio of 17.93 and a beta of 0.75. The business has a fifty day simple moving average of $94.19 and a 200-day simple moving average of $86.44. Houlihan Lokey, Inc. has a fifty-two week low of $74.18 and a fifty-two week high of $115.21.

Houlihan Lokey (NYSE:HLI – Get Rating) last announced its earnings results on Thursday, October 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.15. The company had revenue of $489.54 million for the quarter, compared to analyst estimates of $427.32 million. Houlihan Lokey had a return on equity of 30.44% and a net margin of 16.33%. Analysts anticipate that Houlihan Lokey, Inc. will post 4.57 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, December 2nd were given a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.19%. The ex-dividend date was Thursday, December 1st. Houlihan Lokey’s payout ratio is 39.19%.

Houlihan Lokey Profile

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.