Houlihan Lokey, Inc. $HLI Shares Sold by Alps Advisors Inc.

Alps Advisors Inc. trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 23.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,639 shares of the financial services provider’s stock after selling 29,879 shares during the quarter. Alps Advisors Inc. owned 0.14% of Houlihan Lokey worth $20,047,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Mayflower Financial Advisors LLC acquired a new position in Houlihan Lokey during the third quarter valued at approximately $230,335,000. Norges Bank acquired a new stake in shares of Houlihan Lokey in the second quarter worth $126,723,000. Champlain Investment Partners LLC raised its stake in shares of Houlihan Lokey by 194.9% in the 2nd 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 period. Thrivent Financial for Lutherans raised its stake in shares of Houlihan Lokey by 75.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock valued at $146,495,000 after acquiring an additional 307,214 shares during the period. Finally, Renaissance Group LLC acquired a new position in shares of Houlihan Lokey during the 2nd quarter valued at $34,115,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of HLI opened at $172.66 on Monday. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78. The stock has a 50-day moving average price of $178.75 and a 200 day moving average price of $187.74. The company has a market capitalization of $12.10 billion, a P/E ratio of 26.52 and a beta of 0.94.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. The company had revenue of $717.07 million for the quarter, compared to the consensus estimate of $696.72 million. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.Houlihan Lokey’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.64 EPS. As a group, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

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

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 22.83% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

About Houlihan Lokey

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.