KLP Kapitalforvaltning AS Has $2.02 Million Stock Position in Houlihan Lokey, Inc. $HLI

KLP Kapitalforvaltning AS decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 8.2% in the second quarter, HoldingsChannel reports. The firm owned 11,200 shares of the financial services provider’s stock after selling 1,000 shares during the period. KLP Kapitalforvaltning AS’s holdings in Houlihan Lokey were worth $2,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Houlihan Lokey by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock valued at $857,017,000 after purchasing an additional 41,030 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after purchasing an additional 22,553 shares during the period. Natixis Advisors LLC boosted its position in shares of Houlihan Lokey by 3.0% in the 1st quarter. Natixis Advisors LLC now owns 402,763 shares of the financial services provider’s stock valued at $65,046,000 after purchasing an additional 11,709 shares during the period. Jennison Associates LLC lifted its stake in Houlihan Lokey by 12.1% in the 1st quarter. Jennison Associates LLC now owns 344,604 shares of the financial services provider’s stock worth $55,654,000 after acquiring an additional 37,300 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in Houlihan Lokey in the 1st quarter worth about $46,236,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on HLI shares. Wells Fargo & Company raised their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a report on Wednesday, October 8th. Wall Street Zen lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Deutsche Bank Aktiengesellschaft began coverage on Houlihan Lokey in a report on Thursday. They set a “hold” rating and a $210.00 price objective on the stock. Finally, BMO Capital Markets initiated coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average price target of $213.29.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $202.75, for a total value of $1,380,930.25. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business’s stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,311 shares of company stock valued at $9,477,040. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Trading Down 1.0%

NYSE:HLI opened at $187.98 on Monday. Houlihan Lokey, Inc. has a 1 year low of $137.99 and a 1 year high of $211.78. The stock has a market cap of $13.22 billion, a price-to-earnings ratio of 31.65 and a beta of 0.87. The stock has a 50-day moving average price of $198.22 and a two-hundred day moving average price of $182.01.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The firm had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. During the same period in the previous year, the firm earned $1.22 earnings per share. The company’s revenue was up 17.8% on a year-over-year basis. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey’s payout ratio is presently 40.40%.

About Houlihan Lokey

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.