Bayforest Capital Ltd Decreases Position in Houlihan Lokey, Inc. $HLI

Bayforest Capital Ltd lessened its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 15.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,188 shares of the financial services provider’s stock after selling 927 shares during the period. Bayforest Capital Ltd’s holdings in Houlihan Lokey were worth $934,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at $619,000. Amundi increased its position in shares of Houlihan Lokey by 404.0% in the 1st quarter. Amundi now owns 63,433 shares of the financial services provider’s stock valued at $9,725,000 after acquiring an additional 50,847 shares during the period. New York State Teachers Retirement System increased its position in shares of Houlihan Lokey by 1.1% in the 1st quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider’s stock valued at $2,895,000 after acquiring an additional 200 shares during the period. OneDigital Investment Advisors LLC acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at $210,000. Finally, QRG Capital Management Inc. increased its position in shares of Houlihan Lokey by 9.7% in the 1st quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider’s stock valued at $805,000 after acquiring an additional 439 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Irwin Gold sold 6,811 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total value of $1,380,930.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The disclosure for this sale can be found here. Insiders have sold 47,311 shares of company stock valued at $9,477,040 in the last ninety days. 22.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on HLI. Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $232.00 to $226.00 and set an “outperform” rating on the stock in a research report on Monday. Wells Fargo & Company increased their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Deutsche Bank Aktiengesellschaft assumed coverage on Houlihan Lokey in a research report on Thursday. They set a “hold” rating and a $210.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and an average price target of $212.43.

Houlihan Lokey Trading Up 1.9%

Shares of Houlihan Lokey stock opened at $191.69 on Tuesday. The firm has a market capitalization of $13.48 billion, a PE ratio of 32.27 and a beta of 0.87. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78. The firm’s 50-day moving average price is $198.20 and its 200 day moving average price is $182.24.

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

Houlihan Lokey Announces Dividend

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

Houlihan Lokey 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.