Houlihan Lokey, Inc. $HLI Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 236,095 shares of the financial services provider’s stock after selling 5,617 shares during the quarter. Houlihan Lokey accounts for 1.2% of Argent Capital Management LLC’s portfolio, making the stock its 29th largest position. Argent Capital Management LLC owned about 0.34% of Houlihan Lokey worth $41,125,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Houlihan Lokey by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 5,305,182 shares of the financial services provider’s stock worth $1,089,260,000 after purchasing an additional 13,750 shares during the period. Burgundy Asset Management Ltd. raised its position in Houlihan Lokey by 3.0% in the second quarter. Burgundy Asset Management Ltd. now owns 1,225,966 shares of the financial services provider’s stock valued at $220,613,000 after purchasing an additional 36,144 shares during the period. Mayflower Financial Advisors LLC acquired a new position in shares of Houlihan Lokey during the third quarter worth about $230,335,000. Bank of America Corp DE lifted its stake in shares of Houlihan Lokey by 4.1% during the second quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock worth $187,506,000 after purchasing an additional 41,470 shares in the last quarter. Finally, Capital Research Global Investors boosted its position in shares of Houlihan Lokey by 19.7% in the third quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider’s stock worth $196,376,000 after buying an additional 157,605 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on HLI shares. Keefe, Bruyette & Woods dropped their target price on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Morgan Stanley decreased their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. BMO Capital Markets increased their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. UBS Group dropped their price objective on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating on the stock in a research note on Thursday, March 12th. Finally, Weiss Ratings downgraded shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.57.

Houlihan Lokey Stock Up 0.2%

Shares of NYSE HLI opened at $139.14 on Friday. Houlihan Lokey, Inc. has a fifty-two week low of $136.68 and a fifty-two week high of $211.78. The business has a 50 day moving average price of $167.08 and a two-hundred day moving average price of $180.58. The firm has a market cap of $9.71 billion, a PE ratio of 21.37 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.64 earnings per share. On average, analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, March 15th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Monday, March 2nd. Houlihan Lokey’s dividend payout ratio is 36.87%.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the transaction, the director owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated 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. 22.83% of the stock is owned by company insiders.

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.