XTX Topco Ltd Sells 3,144 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

XTX Topco Ltd lowered its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 61.7% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,949 shares of the financial services provider's stock after selling 3,144 shares during the period. XTX Topco Ltd's holdings in Houlihan Lokey were worth $308,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Bridges Investment Management Inc. acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $619,000. Natixis Advisors LLC increased its stake in shares of 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 period. &PARTNERS acquired a new position in shares of Houlihan Lokey during the second quarter valued at approximately $454,000. Chase Investment Counsel Corp acquired a new position in shares of Houlihan Lokey during the second quarter valued at approximately $3,260,000. Finally, Van ECK Associates Corp increased its stake in shares of Houlihan Lokey by 19.8% during the second quarter. Van ECK Associates Corp now owns 23,368 shares of the financial services provider's stock valued at $3,151,000 after acquiring an additional 3,862 shares during the period. Institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLI. Morgan Stanley lowered shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and raised their price objective for the company from $171.00 to $200.00 in a research note on Monday, December 9th. UBS Group raised their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research note on Tuesday, October 8th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $157.00 to $180.00 and gave the company an "underweight" rating in a research note on Thursday, December 12th. Finally, StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $170.60.

Houlihan Lokey Price Performance

Houlihan Lokey stock traded down $7.03 during midday trading on Wednesday, reaching $170.93. The stock had a trading volume of 451,392 shares, compared to its average volume of 321,050. The firm's fifty day simple moving average is $178.29 and its two-hundred day simple moving average is $157.26. Houlihan Lokey, Inc. has a twelve month low of $112.17 and a twelve month high of $192.10. The firm has a market cap of $11.88 billion, a price-to-earnings ratio of 34.96 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same quarter last year, the business posted $1.11 EPS. The company's revenue was up 23.1% on a year-over-year basis. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.74 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey's dividend payout ratio (DPR) is currently 46.63%.

Insider Buying and Selling at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the firm's stock in a transaction on Monday, October 14th. The shares were 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 approximately $1,109,496.08. This trade represents a 2.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.68% of the company's stock.

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.