Natixis Advisors LLC Has $63.11 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Natixis Advisors LLC increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 399,388 shares of the financial services provider's stock after buying an additional 9,768 shares during the period. Natixis Advisors LLC owned 0.57% of Houlihan Lokey worth $63,111,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth $26,000. Crewe Advisors LLC lifted its position in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock worth $30,000 after purchasing an additional 164 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Houlihan Lokey during the second quarter worth about $38,000. Wolff Wiese Magana LLC bought a new position in Houlihan Lokey in the 3rd quarter valued at about $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Houlihan Lokey by 69.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock valued at $91,000 after buying an additional 277 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Houlihan Lokey Trading Up 0.0 %

HLI traded up $0.04 during trading on Friday, reaching $184.12. 249,970 shares of the company's stock were exchanged, compared to its average volume of 342,375. Houlihan Lokey, Inc. has a one year low of $102.29 and a one year high of $190.66. The firm has a fifty day moving average price of $166.88 and a two-hundred day moving average price of $149.66. The stock has a market capitalization of $12.80 billion, a PE ratio of 37.65 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The company 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 for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share. Sell-side analysts expect 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 given a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.24%. Houlihan Lokey's dividend payout ratio (DPR) is 46.63%.

Insider Buying and Selling

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares in the company, valued at approximately $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. Insiders have sold a total of 1,600 shares of company stock valued at $249,860 over the last ninety days. 23.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HLI shares. UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Morgan Stanley upped their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd. StockNews.com upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and an average target price of $157.00.

About Houlihan Lokey

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.