SG Americas Securities LLC Has $229,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

SG Americas Securities LLC trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 89.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,448 shares of the financial services provider's stock after selling 12,228 shares during the period. SG Americas Securities LLC's holdings in Houlihan Lokey were worth $229,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in Houlihan Lokey in the second quarter valued at $26,000. Crewe Advisors LLC raised its holdings 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 acquiring an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Houlihan Lokey during the second quarter valued at approximately $38,000. Benjamin F. Edwards & Company Inc. grew its stake in Houlihan Lokey by 194.9% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 265 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Houlihan Lokey by 27.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider's stock worth $100,000 after purchasing an additional 162 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. cut their price objective on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a report on Wednesday, July 31st. Morgan Stanley increased their price target on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research note on Monday, September 23rd. UBS Group lifted their price objective 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 reaffirmed a "market perform" rating and set a $154.00 target price (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report 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, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $157.00.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the business's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Scott L. Beiser sold 8,317 shares of the firm's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $155,290.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,917 shares of company stock worth $1,513,129. Corporate insiders own 25.97% of the company's stock.

Houlihan Lokey Trading Down 1.6 %

NYSE HLI traded down $2.69 during trading on Tuesday, reaching $169.60. The company's stock had a trading volume of 294,750 shares, compared to its average volume of 320,362. The firm has a market capitalization of $11.63 billion, a price-to-earnings ratio of 41.56 and a beta of 0.66. The firm has a 50 day moving average price of $158.04 and a 200 day moving average price of $143.28. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $175.21.

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

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey's dividend payout ratio (DPR) is presently 55.47%.

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.