Houlihan Lokey, Inc. $HLI Shares Sold by Strs Ohio

Strs Ohio lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 14.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 42,994 shares of the financial services provider’s stock after selling 7,002 shares during the quarter. Strs Ohio owned approximately 0.06% of Houlihan Lokey worth $6,175,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its stake in shares of Houlihan Lokey by 6.4% during the first quarter. Pictet Asset Management Holding SA now owns 8,606 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 516 shares in the last quarter. Union Bancaire Privee UBP SA boosted its holdings in Houlihan Lokey by 11.6% in the 1st quarter. Union Bancaire Privee UBP SA now owns 5,774 shares of the financial services provider’s stock worth $803,000 after buying an additional 599 shares during the last quarter. Venturi Wealth Management LLC acquired a new stake in Houlihan Lokey in the 1st quarter worth about $415,000. J2 Capital Management Inc increased its stake in Houlihan Lokey by 46.1% during the 1st quarter. J2 Capital Management Inc now owns 4,567 shares of the financial services provider’s stock worth $656,000 after buying an additional 1,441 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Houlihan Lokey during the first quarter valued at approximately $2,269,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $150.26, for a total value of $941,378.90. Following the transaction, the chairman directly owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 22.83% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on HLI shares. Morgan Stanley decreased their target price on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. UBS Group set a $160.00 price target on shares of Houlihan Lokey in a research note on Thursday, May 7th. The Goldman Sachs Group lowered their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Zacks Research raised shares of Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.29.

Houlihan Lokey Stock Down 0.1%

Shares of NYSE:HLI opened at $140.02 on Monday. The business has a fifty day moving average of $145.26 and a two-hundred day moving average of $157.63. The stock has a market cap of $9.67 billion, a P/E ratio of 22.51, a PEG ratio of 1.09 and a beta of 0.95. Houlihan Lokey, Inc. has a 52-week low of $131.30 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). The company had revenue of $635.64 million for the quarter, compared to analysts’ expectations of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The firm’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.96 EPS. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, June 1st. Houlihan Lokey’s payout ratio is presently 45.02%.

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.