Bamco Inc. NY Has $195.78 Million Stake in Houlihan Lokey, Inc. $HLI

Bamco Inc. NY decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,123,951 shares of the financial services provider’s stock after selling 6,239 shares during the quarter. Bamco Inc. NY owned about 1.60% of Houlihan Lokey worth $195,781,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of HLI. Flagship Harbor Advisors LLC bought a new position in Houlihan Lokey during the 4th quarter valued at $26,000. Oakworth Capital Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $29,000. Core Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $32,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth $33,000. Finally, Strategic Wealth Investment Group LLC bought a new stake in Houlihan Lokey in the 2nd quarter valued at about $39,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $141.74 on Thursday. Houlihan Lokey, Inc. has a fifty-two week low of $133.83 and a fifty-two week high of $211.78. The stock has a 50 day moving average price of $149.43 and a two-hundred day moving average price of $160.93. The company has a market capitalization of $9.79 billion, a P/E ratio of 22.79, a PEG ratio of 1.11 and a beta of 0.95.

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

Houlihan Lokey Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on HLI shares. Morgan Stanley reduced their target price on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Weiss Ratings lowered Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. UBS Group set a $160.00 price objective on Houlihan Lokey in a report on Thursday, May 7th. Finally, The Goldman Sachs Group cut their target price on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.29.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the sale, the general counsel owned 500 shares in the company, valued at approximately $71,700. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares of the company’s stock, valued at $941,378.90. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 22.83% of the company’s stock.

About Houlihan Lokey

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.