Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,154 shares of the financial services provider’s stock after selling 89 shares during the period. Orion Portfolio Solutions LLC’s holdings in Houlihan Lokey were worth $485,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of HLI. Yousif Capital Management LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at approximately $2,960,000. Raymond James & Associates raised its position in Houlihan Lokey by 14.6% during the fourth quarter. Raymond James & Associates now owns 137,643 shares of the financial services provider’s stock worth $16,505,000 after acquiring an additional 17,544 shares during the period. Victory Capital Management Inc. lifted its holdings in Houlihan Lokey by 32.4% during the fourth quarter. Victory Capital Management Inc. now owns 59,208 shares of the financial services provider’s stock valued at $7,100,000 after purchasing an additional 14,475 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Houlihan Lokey by 819.2% in the fourth quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider’s stock valued at $25,923,000 after purchasing an additional 192,668 shares during the period. Finally, Nordea Investment Management AB increased its stake in shares of Houlihan Lokey by 3.6% during the third quarter. Nordea Investment Management AB now owns 427,325 shares of the financial services provider’s stock worth $46,121,000 after purchasing an additional 14,893 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Transactions at Houlihan Lokey

In other news, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 25.97% of the company’s stock.

Analysts Set New Price Targets

HLI has been the topic of a number of research reports. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th. UBS Group decreased their target price on Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating on the stock in a research report on Tuesday, May 14th.

View Our Latest Stock Analysis on HLI

Houlihan Lokey Stock Down 0.9 %

Shares of NYSE HLI opened at $132.02 on Friday. The stock has a market capitalization of $9.05 billion, a price-to-earnings ratio of 32.12 and a beta of 0.65. Houlihan Lokey, Inc. has a 52 week low of $90.15 and a 52 week high of $137.92. The firm has a 50-day simple moving average of $130.87 and a 200-day simple moving average of $124.12.

Houlihan Lokey (NYSE:HLIGet Free Report) last released its earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $520.46 million for the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.72 EPS for the current year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Monday, June 3rd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.73%. Houlihan Lokey’s dividend payout ratio (DPR) is 55.47%.

Houlihan Lokey Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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