Houlihan Lokey, Inc. $HLI Shares Sold by CW Advisors LLC

CW Advisors LLC reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 21.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,941 shares of the financial services provider’s stock after selling 13,809 shares during the period. CW Advisors LLC owned 0.07% of Houlihan Lokey worth $8,987,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Houlihan Lokey by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock worth $857,017,000 after purchasing an additional 41,030 shares during the period. Geode Capital Management LLC raised its position in shares of Houlihan Lokey by 2.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,041,590 shares of the financial services provider’s stock worth $187,462,000 after buying an additional 21,132 shares during the period. Norges Bank purchased a new position in shares of Houlihan Lokey in the 2nd quarter worth $126,723,000. Champlain Investment Partners LLC boosted its holdings in Houlihan Lokey by 194.9% in the second quarter. Champlain Investment Partners LLC now owns 546,340 shares of the financial services provider’s stock valued at $98,314,000 after acquiring an additional 361,085 shares during the last quarter. Finally, Jennison Associates LLC grew its position in Houlihan Lokey by 36.3% during the second quarter. Jennison Associates LLC now owns 469,653 shares of the financial services provider’s stock valued at $84,514,000 after acquiring an additional 125,049 shares during the period. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Up 1.7%

HLI opened at $179.64 on Friday. The firm has a market capitalization of $12.59 billion, a P/E ratio of 28.97 and a beta of 0.95. The firm’s 50 day moving average is $186.94 and its 200-day moving average is $188.21. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. The business had revenue of $659.45 million during the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. Equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be paid a dividend of $0.60 per share. The ex-dividend date is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of research reports. Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a report on Monday. BMO Capital Markets began coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target on the stock. Morgan Stanley lifted their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research report on Monday, September 8th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research note on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

Houlihan Lokey 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.