New York Life Investment Management LLC Takes Position in Houlihan Lokey, Inc. $HLI

New York Life Investment Management LLC bought a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,881 shares of the financial services provider’s stock, valued at approximately $850,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Resources Management Corp CT ADV boosted its stake in Houlihan Lokey by 0.9% during the second quarter. Resources Management Corp CT ADV now owns 5,845 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 55 shares in the last quarter. Westside Investment Management Inc. boosted its stake in Houlihan Lokey by 64.4% during the third quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Xponance Inc. boosted its stake in Houlihan Lokey by 0.9% during the third quarter. Xponance Inc. now owns 8,026 shares of the financial services provider’s stock worth $1,648,000 after acquiring an additional 68 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Houlihan Lokey by 7.9% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 956 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 70 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in Houlihan Lokey by 0.9% during the second quarter. Lazard Asset Management LLC now owns 9,387 shares of the financial services provider’s stock worth $1,689,000 after acquiring an additional 88 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on HLI shares. Zacks Research lowered shares of Houlihan Lokey from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. BMO Capital Markets increased their target price on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. UBS Group set a $160.00 target price on shares of Houlihan Lokey in a research note on Thursday, May 7th. Morgan Stanley cut their target price on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating on the stock in a research note on Thursday, April 9th. Finally, Weiss Ratings lowered shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $191.29.

Houlihan Lokey Price Performance

NYSE:HLI opened at $147.42 on Wednesday. The firm has a 50-day moving average of $148.73 and a 200-day moving average of $166.20. The company has a market cap of $10.29 billion, a PE ratio of 23.70, a PEG ratio of 1.18 and a beta of 0.99. Houlihan Lokey, Inc. has a one year low of $134.41 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its 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 for the quarter, compared to the consensus estimate of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.96 earnings per share. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a dividend yield of 1.9%. Houlihan Lokey’s payout ratio is presently 38.59%.

Insider Activity at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total transaction of $71,700.00. Following the completion of the sale, the general counsel directly owned 500 shares of the company’s stock, valued at $71,700. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 22.83% of the stock is currently owned by insiders.

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.