Cinctive Capital Management LP Has $1.17 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Cinctive Capital Management LP reduced its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 71.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,426 shares of the financial services provider's stock after selling 18,509 shares during the quarter. Cinctive Capital Management LP's holdings in Houlihan Lokey were worth $1,173,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLI. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the 2nd quarter worth about $26,000. Crewe Advisors LLC increased its stake in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 164 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in shares of Houlihan Lokey in the 2nd quarter valued at about $38,000. Wolff Wiese Magana LLC bought a new stake in shares of Houlihan Lokey in the 3rd quarter valued at about $38,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock valued at $70,000 after acquiring an additional 198 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Price Performance

NYSE:HLI traded down $0.35 during trading hours on Wednesday, reaching $185.22. 215,085 shares of the stock were exchanged, compared to its average volume of 319,576. Houlihan Lokey, Inc. has a twelve month low of $112.17 and a twelve month high of $192.10. The firm has a 50 day moving average of $174.41 and a 200 day moving average of $154.33. The stock has a market cap of $12.87 billion, a PE ratio of 37.74 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. During the same quarter in the prior year, the firm posted $1.11 EPS. The business's revenue was up 23.1% on a year-over-year basis. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's payout ratio is presently 46.63%.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Wells Fargo & Company assumed coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target for the company. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. UBS Group boosted their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley boosted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research report on Monday, September 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $157.00.

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.