Houlihan Lokey, Inc. $HLI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 87.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,860 shares of the financial services provider’s stock after selling 28,091 shares during the quarter. SG Americas Securities LLC’s holdings in Houlihan Lokey were worth $793,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Trust Co. of Toledo NA OH acquired a new position in Houlihan Lokey in the second quarter worth $34,000. Strategic Wealth Investment Group LLC acquired a new position in Houlihan Lokey during the 2nd quarter worth $39,000. MAI Capital Management grew its stake in shares of Houlihan Lokey by 268.0% in the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 268 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Houlihan Lokey by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 66 shares during the period. Finally, Mather Group LLC. bought a new stake in shares of Houlihan Lokey during the third quarter valued at about $128,000. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Houlihan Lokey

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

Houlihan Lokey Trading Down 0.2%

Shares of NYSE HLI opened at $189.60 on Wednesday. The firm’s 50-day moving average is $178.65 and its 200-day moving average is $189.21. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78. The firm has a market capitalization of $13.29 billion, a PE ratio of 30.58 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.Houlihan Lokey’s revenue was up 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.46 EPS. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Shareholders 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 yield of 1.3%. Houlihan Lokey’s payout ratio is 38.71%.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. UBS Group started coverage on shares of Houlihan Lokey in a research report on Thursday, December 11th. They issued a “neutral” rating and a $193.00 target price for the company. BMO Capital Markets assumed coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target for the company. Weiss Ratings downgraded Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Keefe, Bruyette & Woods decreased their price objective on shares of Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating for the company in a report on Thursday, January 8th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Houlihan Lokey in a report on Thursday, October 9th. They issued a “hold” rating and a $210.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.29.

Houlihan Lokey 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.