Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 736,718 shares of the financial services provider's stock after selling 19,027 shares during the period. Sei Investments Co. owned approximately 1.06% of Houlihan Lokey worth $127,938,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA purchased a new position in Houlihan Lokey in the fourth quarter valued at $29,000. Financial Life Planners purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in shares of Houlihan Lokey during the fourth quarter worth about $62,000. Finally, First Horizon Advisors Inc. increased its stake in shares of Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider's stock worth $70,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on HLI. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Finally, Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "overweight" rating and decreased their target price for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and a consensus target price of $192.00.

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Houlihan Lokey Trading Down 3.0 %

Shares of NYSE HLI traded down $4.98 during trading hours on Thursday, reaching $160.98. The stock had a trading volume of 562,118 shares, compared to its average volume of 328,490. The firm has a 50-day moving average of $172.96 and a 200-day moving average of $172.54. The firm has a market cap of $11.29 billion, a price-to-earnings ratio of 30.72 and a beta of 0.72. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. Houlihan Lokey's dividend payout ratio (DPR) is 43.51%.

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.