Houlihan Lokey, Inc. (NYSE:HLI) Stake Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 35.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,661 shares of the financial services provider’s stock after selling 9,258 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Houlihan Lokey were worth $1,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Houlihan Lokey during the second quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC acquired a new stake in Houlihan Lokey in the third quarter worth approximately $34,000. Exchange Traded Concepts LLC lifted its position in Houlihan Lokey by 32.7% in the third quarter. Exchange Traded Concepts LLC now owns 974 shares of the financial services provider’s stock worth $73,000 after purchasing an additional 240 shares during the period. Castle Wealth Management LLC acquired a new stake in Houlihan Lokey in the second quarter worth approximately $76,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its position in Houlihan Lokey by 50.0% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,050 shares of the financial services provider’s stock worth $83,000 after purchasing an additional 350 shares during the period. 70.74% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $99.53, for a total transaction of $497,650.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Scott L. Beiser sold 16,367 shares of the firm’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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Irwin Gold sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $99.53, for a total value of $497,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 22,182 shares of company stock worth $2,104,658 over the last three months. Corporate insiders own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the subject of a number of research analyst reports. Morgan Stanley upped their target price 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. Keefe, Bruyette & Woods increased their price objective on Houlihan Lokey from $90.00 to $95.00 and gave the company a “market perform” rating in a research report on Tuesday, January 3rd. Finally, StockNews.com started coverage on Houlihan Lokey in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $89.60.

Houlihan Lokey Trading Up 1.3 %

NYSE HLI opened at $97.01 on Monday. Houlihan Lokey, Inc. has a 1-year low of $74.18 and a 1-year high of $115.21. The firm’s fifty day simple moving average is $94.19 and its 200-day simple moving average is $86.44. The company has a market capitalization of $6.66 billion, a PE ratio of 17.93 and a beta of 0.75.

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

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Friday, December 2nd were issued a dividend of $0.53 per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a $2.12 annualized dividend and a yield of 2.19%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 39.19%.

About Houlihan Lokey

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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.