EFG Asset Management North America Corp. Has $732,000 Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

EFG Asset Management North America Corp. cut its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 50.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,429 shares of the financial services provider's stock after selling 5,424 shares during the period. EFG Asset Management North America Corp.'s holdings in Houlihan Lokey were worth $732,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Opal Wealth Advisors LLC acquired a new position in Houlihan Lokey during the second quarter valued at approximately $26,000. Accent Capital Management LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $42,000. Benjamin F. Edwards & Company Inc. lifted its position in Houlihan Lokey by 194.9% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock valued at $52,000 after buying an additional 265 shares in the last quarter. Mather Group LLC. acquired a new position in Houlihan Lokey during the first quarter valued at approximately $74,000. Finally, Principal Securities Inc. acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $82,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLI. JPMorgan Chase & Co. reduced their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley lifted their price target on shares of Houlihan Lokey from $131.00 to $148.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, UBS Group lifted their price objective on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $150.25.

Houlihan Lokey Stock Down 0.5 %

Shares of HLI traded down $0.72 during mid-day trading on Monday, reaching $154.63. 147,315 shares of the stock traded hands, compared to its average volume of 332,107. The firm has a market cap of $10.61 billion, a price-to-earnings ratio of 37.62 and a beta of 0.67. The stock has a fifty day simple moving average of $143.12 and a 200 day simple moving average of $134.19. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $157.58.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.22. The company had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The business's quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.89 earnings per share. On average, equities research analysts expect that Houlihan Lokey, Inc. will post 5.67 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.47%. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

Insider Buying and Selling

In related news, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Preiser sold 20,000 shares of Houlihan Lokey stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,419 shares of company stock worth $5,297,213. Insiders own 25.97% 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.