Houlihan Lokey, Inc. $HLI Shares Sold by Capital International Investors

Capital International Investors lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 28.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 570,904 shares of the financial services provider’s stock after selling 227,454 shares during the quarter. Capital International Investors owned about 0.81% of Houlihan Lokey worth $117,218,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Sowell Financial Services LLC increased its stake in Houlihan Lokey by 1.2% during the 3rd quarter. Sowell Financial Services LLC now owns 4,571 shares of the financial services provider’s stock worth $939,000 after buying an additional 55 shares during the period. Resources Management Corp CT ADV grew its stake in shares of Houlihan Lokey by 0.9% in the second quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 55 shares in the last quarter. Westside Investment Management Inc. increased its position in shares of 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 during the period. Farther Finance Advisors LLC raised its stake in shares of Houlihan Lokey by 16.5% in the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after acquiring an additional 66 shares in the last quarter. Finally, Xponance Inc. raised its stake in shares of Houlihan Lokey by 0.9% in the third quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Buying and Selling

In other news, Director Robert A. Schriesheim sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were 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 in the company, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 22.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $146.31 on Thursday. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The stock has a market cap of $10.21 billion, a PE ratio of 22.47 and a beta of 0.95. The stock’s fifty day moving average is $172.00 and its two-hundred day moving average is $182.97.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, January 29th. 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 return on equity of 24.46% and a net margin of 16.91%.During the same quarter in the prior year, the business posted $1.64 earnings per share. Houlihan Lokey’s revenue for the quarter was up 13.0% compared to the same quarter last year. On average, research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm 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. This represents a $2.40 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Monday, March 2nd. Houlihan Lokey’s dividend payout ratio is 36.87%.

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.