Voya Investment Management LLC Sells 7,726 Shares of Houlihan Lokey, Inc. $HLI

Voya Investment Management LLC decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 54.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,392 shares of the financial services provider’s stock after selling 7,726 shares during the quarter. Voya Investment Management LLC’s holdings in Houlihan Lokey were worth $1,312,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HLI. Lbmc Investment Advisors LLC bought a new position in shares of Houlihan Lokey during the third quarter valued at $219,000. Union Bancaire Privee UBP SA grew its position in Houlihan Lokey by 12.4% during the 3rd quarter. Union Bancaire Privee UBP SA now owns 2,817 shares of the financial services provider’s stock valued at $580,000 after purchasing an additional 311 shares during the last quarter. GAMMA Investing LLC increased its stake in Houlihan Lokey by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,079 shares of the financial services provider’s stock valued at $1,043,000 after purchasing an additional 361 shares in the last quarter. Osaic Holdings Inc. raised its holdings in Houlihan Lokey by 14.5% in the second quarter. Osaic Holdings Inc. now owns 10,258 shares of the financial services provider’s stock worth $1,838,000 after buying an additional 1,296 shares during the last quarter. Finally, American Trust purchased a new position in Houlihan Lokey in the second quarter worth about $346,000. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

HLI has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods cut their price target on shares of Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday, December 22nd. Morgan Stanley boosted their price target on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday, September 8th. UBS Group assumed coverage on Houlihan Lokey in a report on Thursday, December 11th. They set a “neutral” rating and a $193.00 price target on the stock. Finally, Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $207.43.

Houlihan Lokey Price Performance

NYSE HLI opened at $177.12 on Tuesday. The stock has a market capitalization of $12.41 billion, a price-to-earnings ratio of 28.57 and a beta of 0.95. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The business’s fifty day moving average price is $180.79 and its 200-day moving average price is $188.75.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The company had revenue of $659.45 million during the quarter, compared to analyst estimates of $639.08 million. During the same quarter in the previous year, the company posted $1.46 earnings per share. Houlihan Lokey’s revenue was up 14.7% compared to the same quarter last year. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. Houlihan Lokey’s dividend payout ratio is presently 38.71%.

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.