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

Strs Ohio cut its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 14.0% in the first quarter, HoldingsChannel.com reports. The firm owned 42,994 shares of the financial services provider’s stock after selling 7,002 shares during the quarter. Strs Ohio’s holdings in Houlihan Lokey were worth $6,175,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLI. Royal Bank of Canada lifted its position in Houlihan Lokey by 362.1% in the fourth quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock valued at $296,706,000 after buying an additional 1,334,769 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Houlihan Lokey by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after acquiring an additional 84,757 shares during the last quarter. Bank of Montreal Can raised its stake in shares of Houlihan Lokey by 2,723.2% in the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after acquiring an additional 1,156,973 shares during the period. Bank of America Corp DE raised its stake in shares of Houlihan Lokey by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after acquiring an additional 41,470 shares during the period. Finally, Capital Research Global Investors lifted its holdings in shares of Houlihan Lokey by 0.6% in the 4th quarter. Capital Research Global Investors now owns 962,263 shares of the financial services provider’s stock worth $167,617,000 after acquiring an additional 5,822 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the transaction, the chairman directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 22.83% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Keefe, Bruyette & Woods decreased their price target on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group lowered their price target on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Finally, UBS Group set a $160.00 price objective on Houlihan Lokey in a report on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $191.29.

Houlihan Lokey Stock Down 0.1%

Shares of HLI opened at $140.02 on Monday. The company 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 fifty-two week low of $131.30 and a fifty-two week high of $211.78. The firm’s 50 day moving average price is $145.26 and its 200 day moving average price is $157.63.

Houlihan Lokey (NYSE:HLI) last issued 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 business had revenue of $635.64 million during the quarter, compared to analysts’ expectations of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The business’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 EPS. Research analysts forecast that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.70 dividend. 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 was Monday, June 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 45.02%.

Houlihan Lokey 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.