Houlihan Lokey, Inc. (NYSE:HLI) Stake Reduced by Fmr LLC

FMR LLC cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.2% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,713,573 shares of the financial services provider's stock after selling 2,841 shares during the period. FMR LLC owned approximately 2.46% of Houlihan Lokey worth $270,779,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in Houlihan Lokey by 27.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider's stock valued at $3,927,000 after purchasing an additional 6,535 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Houlihan Lokey during the second quarter valued at about $1,844,000. Bridges Investment Management Inc. purchased a new stake in shares of Houlihan Lokey during the second quarter worth about $619,000. XTX Topco Ltd acquired a new position in shares of Houlihan Lokey in the second quarter worth about $687,000. Finally, Natixis Advisors LLC boosted its holdings in Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock valued at $63,111,000 after purchasing an additional 9,768 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company's stock.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,400 shares of company stock worth $219,362. Insiders own 23.68% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HLI shares. Wells Fargo & Company assumed coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price objective on the stock. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research note on Tuesday, October 8th. Morgan Stanley upped their price target on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a report on Monday, September 23rd. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $157.00.

Houlihan Lokey Price Performance

Shares of HLI stock traded down $1.08 on Monday, hitting $187.44. 72,765 shares of the stock traded hands, compared to its average volume of 319,940. The company has a market capitalization of $13.03 billion, a PE ratio of 38.67 and a beta of 0.65. The company's fifty day moving average is $173.43 and its 200 day moving average is $153.59. Houlihan Lokey, Inc. has a 1-year low of $112.17 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analysts' expectations of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Houlihan Lokey's revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the company posted $1.11 earnings per share. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.82 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

Houlihan Lokey Company 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.