Raymond James & Associates Sells 956 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Raymond James & Associates cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 1.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,635 shares of the financial services provider’s stock after selling 956 shares during the period. Raymond James & Associates owned approximately 0.10% of Houlihan Lokey worth $6,069,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Thrivent Financial for Lutherans grew its position in shares of Houlihan Lokey by 110.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 738,261 shares of the financial services provider’s stock worth $55,650,000 after purchasing an additional 387,692 shares in the last quarter. Federated Hermes Inc. increased its stake in Houlihan Lokey by 139.1% during the 1st quarter. Federated Hermes Inc. now owns 445,846 shares of the financial services provider’s stock worth $39,146,000 after acquiring an additional 259,359 shares during the period. Argent Capital Management LLC raised its holdings in Houlihan Lokey by 385.7% in the 4th quarter. Argent Capital Management LLC now owns 203,317 shares of the financial services provider’s stock valued at $17,721,000 after acquiring an additional 161,453 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Houlihan Lokey by 27.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 539,143 shares of the financial services provider’s stock valued at $47,338,000 after acquiring an additional 115,602 shares during the period. Finally, Natixis Advisors L.P. grew its holdings in shares of Houlihan Lokey by 36.9% during the 4th quarter. Natixis Advisors L.P. now owns 387,777 shares of the financial services provider’s stock worth $33,799,000 after purchasing an additional 104,589 shares in the last quarter. 70.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Houlihan Lokey in a research note on Thursday. They issued a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $89.60.

Houlihan Lokey Trading Down 1.2 %

NYSE:HLI opened at $87.74 on Monday. The stock’s 50-day moving average is $89.34 and its 200-day moving average is $92.97. The stock has a market cap of $6.02 billion, a P/E ratio of 22.50 and a beta of 0.76. Houlihan Lokey, Inc. has a 1-year low of $74.18 and a 1-year high of $102.36.

Houlihan Lokey (NYSE:HLI – Get Rating) last issued its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.23. The company had revenue of $444.77 million for the quarter, compared to analysts’ expectations of $423.96 million. Houlihan Lokey had a net margin of 14.88% and a return on equity of 21.48%. Houlihan Lokey’s revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.30 earnings per share. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 4.74 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Friday, June 2nd will be issued a $0.55 dividend. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.53. This represents a $2.20 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, June 1st. Houlihan Lokey’s payout ratio is presently 54.36%.

Houlihan Lokey Company 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.