Mutual of America Capital Management LLC Sells 1,855 Shares of Houlihan Lokey, Inc. $HLI

Mutual of America Capital Management LLC reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 58,389 shares of the financial services provider’s stock after selling 1,855 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Houlihan Lokey were worth $10,507,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in HLI. GAMMA Investing LLC increased its stake in Houlihan Lokey by 145.7% during the first quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider’s stock worth $686,000 after acquiring an additional 2,520 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Houlihan Lokey by 5.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,103 shares of the financial services provider’s stock worth $4,700,000 after acquiring an additional 1,618 shares during the last quarter. Sowell Financial Services LLC bought a new stake in Houlihan Lokey during the first quarter worth approximately $313,000. QRG Capital Management Inc. increased its stake in Houlihan Lokey by 9.7% during the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider’s stock worth $805,000 after acquiring an additional 439 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Houlihan Lokey by 3.6% during the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the financial services provider’s stock worth $1,022,000 after acquiring an additional 220 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $190.36 on Monday. The firm has a market capitalization of $13.38 billion, a price-to-earnings ratio of 32.05 and a beta of 0.87. The stock has a 50 day moving average price of $198.26 and a 200 day moving average price of $183.09. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly 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. The firm had revenue of $605.35 million during the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.Houlihan Lokey’s quarterly revenue was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.22 earnings per share. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Wednesday, October 8th. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. BMO Capital Markets initiated coverage on Houlihan Lokey in a research note on Friday, October 3rd. They set an “outperform” rating and a $230.00 target price on the stock. Wells Fargo & Company upped their target price on Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Finally, Wall Street Zen cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $212.43.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business’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 value of $98,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Paul Eric Siegert sold 40,000 shares of the company’s stock in a transaction on Wednesday, August 27th. The stock was 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 quarter, insiders sold 47,311 shares of company stock worth $9,477,040. Company insiders own 22.83% of the company’s stock.

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.