Eventide Asset Management LLC Has $26.69 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Eventide Asset Management LLC cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 28.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 168,910 shares of the financial services provider's stock after selling 65,970 shares during the quarter. Eventide Asset Management LLC owned about 0.24% of Houlihan Lokey worth $26,691,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Lazard Asset Management LLC bought a new stake in shares of Houlihan Lokey during the first quarter worth $127,000. Price T Rowe Associates Inc. MD raised its stake in shares of Houlihan Lokey by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,709 shares of the financial services provider's stock valued at $3,424,000 after purchasing an additional 1,631 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Houlihan Lokey by 27.1% in the first 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. Tidal Investments LLC boosted its position in shares of Houlihan Lokey by 201.5% during the first quarter. Tidal Investments LLC now owns 11,093 shares of the financial services provider's stock worth $1,422,000 after buying an additional 7,414 shares during the period. Finally, Cetera Investment Advisers grew its holdings in shares of Houlihan Lokey by 604.4% during the first quarter. Cetera Investment Advisers now owns 13,525 shares of the financial services provider's stock worth $1,734,000 after buying an additional 11,605 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the transaction, the director now owns 6,801 shares in the company, valued at $1,035,656.28. The trade was a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,400 shares of company stock worth $219,362. 23.68% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Houlihan Lokey Stock Up 0.9 %

Shares of NYSE:HLI traded up $1.66 during midday trading on Friday, hitting $189.09. The stock had a trading volume of 142,701 shares, compared to its average volume of 321,025. The company has a market cap of $13.14 billion, a P/E ratio of 38.67 and a beta of 0.65. Houlihan Lokey, Inc. has a 12 month low of $105.34 and a 12 month high of $192.10. The business's 50-day simple moving average is $173.43 and its 200-day simple moving average is $153.35.

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

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.57 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.21%. Houlihan Lokey's payout ratio is 46.63%.

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.