Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by SpiderRock Advisors LLC

SpiderRock Advisors LLC lowered its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 68.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,700 shares of the financial services provider's stock after selling 16,732 shares during the period. SpiderRock Advisors LLC's holdings in Houlihan Lokey were worth $1,217,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of HLI. Strategic Wealth Investment Group LLC grew its position in Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider's stock valued at $1,293,000 after acquiring an additional 62 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider's stock valued at $135,000 after buying an additional 96 shares during the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Houlihan Lokey by 0.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider's stock valued at $2,345,000 after acquiring an additional 97 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider's stock valued at $2,724,000 after acquiring an additional 100 shares during the period. Finally, Park Avenue Securities LLC grew its position in Houlihan Lokey by 1.4% during the 2nd quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider's stock worth $1,151,000 after acquiring an additional 120 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on HLI shares. Morgan Stanley increased their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a report on Monday, September 23rd. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an "underweight" rating and a $149.00 price target on the stock. UBS Group upped their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. Finally, Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $157.00.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred 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 transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the transaction, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated 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. Insiders sold a total of 9,917 shares of company stock worth $1,513,129 in the last 90 days. Insiders own 23.68% of the company's stock.

Houlihan Lokey Stock Up 2.2 %

Shares of Houlihan Lokey stock traded up $4.01 during trading on Monday, reaching $189.75. The company's stock had a trading volume of 202,322 shares, compared to its average volume of 322,798. Houlihan Lokey, Inc. has a 1-year low of $101.92 and a 1-year high of $189.86. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 37.98 and a beta of 0.65. The company has a 50-day simple moving average of $163.48 and a two-hundred day simple moving average of $147.75.

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

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.20%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey's payout ratio is 46.63%.

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.