Segall Bryant & Hamill LLC Has $14.73 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Segall Bryant & Hamill LLC decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 25.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 93,241 shares of the financial services provider's stock after selling 31,278 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.13% of Houlihan Lokey worth $14,734,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Houlihan Lokey in the second quarter worth $26,000. Crewe Advisors LLC raised its stake 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 worth $30,000 after buying an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in Houlihan Lokey during the second quarter valued at about $38,000. Wolff Wiese Magana LLC acquired a new position in Houlihan Lokey during the third quarter worth about $38,000. Finally, Benjamin F. Edwards & Company Inc. raised its position in Houlihan Lokey by 69.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 678 shares of the financial services provider's stock worth $91,000 after acquiring an additional 277 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

Shares of NYSE HLI traded up $2.10 during mid-day trading on Thursday, reaching $189.05. The company had a trading volume of 226,749 shares, compared to its average volume of 321,453. Houlihan Lokey, Inc. has a twelve month low of $102.68 and a twelve month high of $191.39. The stock's 50 day moving average is $169.62 and its 200-day moving average is $151.09. The stock has a market capitalization of $13.14 billion, a PE ratio of 38.66 and a beta of 0.65.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business's quarterly revenue was up 23.1% on a year-over-year basis. During the same period last year, the business earned $1.11 EPS. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey's dividend payout ratio is 46.63%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HLI. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Wednesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. JPMorgan Chase & Co. dropped their target price 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. UBS Group upped their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley boosted their target price on shares of 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey currently has an average rating of "Hold" and a consensus price target of $157.00.

Insiders Place Their Bets

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,400 shares of company stock valued at $219,362 over the last ninety days. Corporate insiders own 23.68% 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.