Fiera Capital Corp Sells 5,949 Shares of Houlihan Lokey, Inc. $HLI

Fiera Capital Corp reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 265,815 shares of the financial services provider’s stock after selling 5,949 shares during the quarter. Fiera Capital Corp owned 0.38% of Houlihan Lokey worth $54,577,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter valued at approximately $31,000. Cornerstone Planning Group LLC increased its position in Houlihan Lokey by 179.2% during the 3rd quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey in the 2nd quarter valued at approximately $39,000. Finally, Parkside Financial Bank & Trust boosted its position in Houlihan Lokey by 136.9% in the third quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock valued at $63,000 after buying an additional 178 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley lowered their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. UBS Group reiterated a “neutral” rating and issued a $196.00 target price on shares of Houlihan Lokey in a research report on Friday, January 30th. Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Weiss Ratings downgraded Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, BMO Capital Markets lifted their target price on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $209.17.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $166.13 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The company has a 50 day simple moving average of $176.99 and a two-hundred day simple moving average of $186.26. The company has a market capitalization of $11.59 billion, a PE ratio of 25.52 and a beta of 0.94.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The firm had revenue of $717.07 million for the quarter, compared to the consensus estimate of $696.72 million. During the same quarter in the previous year, the company earned $1.64 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. Research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.4%. Houlihan Lokey’s dividend payout ratio is 36.87%.

Insiders Place Their Bets

In related news, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the sale, the director owned 27,982 shares of the company’s stock, valued at $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The SEC filing for this sale provides additional information. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.