Natixis Advisors LLC Sells 76,235 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Natixis Advisors LLC lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 16.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 389,620 shares of the financial services provider's stock after selling 76,235 shares during the quarter. Natixis Advisors LLC owned about 0.57% of Houlihan Lokey worth $52,544,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Summit Financial LLC raised its holdings in Houlihan Lokey by 18.4% during the 2nd quarter. Summit Financial LLC now owns 1,994 shares of the financial services provider's stock worth $269,000 after buying an additional 310 shares during the period. Barlow Wealth Partners Inc. raised its holdings in Houlihan Lokey by 2.1% during the 2nd quarter. Barlow Wealth Partners Inc. now owns 177,181 shares of the financial services provider's stock worth $25,296,000 after buying an additional 3,575 shares during the period. Van ECK Associates Corp raised its holdings in Houlihan Lokey by 19.8% during the 2nd quarter. Van ECK Associates Corp now owns 23,368 shares of the financial services provider's stock worth $3,151,000 after buying an additional 3,862 shares during the period. Hantz Financial Services Inc. acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $439,000. Finally, Crewe Advisors LLC increased its holdings in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider's stock valued at $30,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Insiders Place Their Bets

In other news, insider David A. Preiser sold 20,000 shares of the business's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Houlihan Lokey news, insider David A. Preiser sold 20,000 shares of the business's stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total value of $30,498.00. Following the transaction, the director now directly owns 7,001 shares of the company's stock, valued at approximately $1,067,582.49. The disclosure for this sale can be found here. Insiders sold a total of 38,419 shares of company stock valued at $5,297,213 over the last ninety days. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Stock Up 1.4 %

Houlihan Lokey stock traded up $2.21 during mid-day trading on Monday, hitting $156.62. 196,800 shares of the company were exchanged, compared to its average volume of 327,835. The business has a fifty day moving average of $145.41 and a 200 day moving average of $135.13. The company has a market capitalization of $10.89 billion, a PE ratio of 38.11 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $157.58.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $514.00 million for the quarter, compared to analysts' expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business's revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.89 earnings per share. Research analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.57 per share. The ex-dividend date is Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.46%. Houlihan Lokey's payout ratio is 55.47%.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent research reports. UBS Group boosted their price target on Houlihan Lokey from $157.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Houlihan Lokey from $131.00 to $148.00 and gave the stock 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 target price (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, Houlihan Lokey currently has an average rating of "Hold" and an average target price of $150.25.

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.