Segall Bryant & Hamill LLC Sells 31,278 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Segall Bryant & Hamill LLC trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 25.1% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,241 shares of the financial services provider's stock after selling 31,278 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.13% of Houlihan Lokey worth $14,734,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in HLI. Opal Wealth Advisors LLC bought a new stake in Houlihan Lokey during the 2nd quarter valued at approximately $26,000. Crewe Advisors LLC boosted its holdings in 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. Ashton Thomas Private Wealth LLC acquired a new stake in Houlihan Lokey in the 2nd quarter worth $38,000. Wolff Wiese Magana LLC bought a new position in shares of Houlihan Lokey during the 3rd quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in shares of Houlihan Lokey by 69.1% during the second 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 during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HLI shares. Wells Fargo & Company started coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an "underweight" rating and a $149.00 target price on the stock. Keefe, Bruyette & Woods restated a "market perform" rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. UBS Group increased 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. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley upped their price objective 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Houlihan Lokey has an average rating of "Hold" and a consensus target price of $157.00.

Houlihan Lokey Trading Up 1.1 %

Shares of Houlihan Lokey stock opened at $186.99 on Thursday. The stock has a market capitalization of $13.00 billion, a price-to-earnings ratio of 38.24 and a beta of 0.65. The firm's 50-day moving average price is $168.87 and its two-hundred day moving average price is $150.82. Houlihan Lokey, Inc. has a 1-year low of $102.29 and a 1-year high of $190.66.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings results 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 return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same period in the prior year, the company earned $1.11 EPS. Houlihan Lokey's revenue for the quarter was up 23.1% on a year-over-year basis. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be issued a $0.57 dividend. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.22%. Houlihan Lokey's dividend payout ratio is 46.63%.

Insider Buying and Selling

In other news, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the transaction, the director now owns 6,801 shares of the company's stock, valued at $1,035,656.28. This represents a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey 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 disclosure for this sale can be found here. Insiders have sold a total of 1,400 shares of company stock worth $219,362 in the last 90 days. Corporate insiders own 23.68% of the company's stock.

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.