Nisa Investment Advisors LLC Sells 506 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Nisa Investment Advisors LLC reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 29.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,222 shares of the financial services provider’s stock after selling 506 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Houlihan Lokey were worth $147,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HLI. Janiczek Wealth Management LLC bought a new position in Houlihan Lokey in the 3rd quarter valued at about $30,000. Anchor Investment Management LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at approximately $54,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Houlihan Lokey by 100.0% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 300 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of Houlihan Lokey by 16.9% during the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 109 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter valued at approximately $87,000. 78.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on HLI shares. UBS Group lifted their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a report on Monday, January 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 25.97% of the company’s stock.

Houlihan Lokey Price Performance

NYSE:HLI opened at $123.80 on Friday. The firm’s 50 day simple moving average is $127.09 and its 200 day simple moving average is $117.36. Houlihan Lokey, Inc. has a one year low of $84.89 and a one year high of $133.80. The company has a market cap of $8.56 billion, a PE ratio of 30.72 and a beta of 0.68.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The business had revenue of $511.30 million for the quarter, compared to the consensus estimate of $493.02 million. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 12.0% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey, Inc. will post 4.42 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 1.78%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 54.59%.

Houlihan Lokey Company 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.