Weil Company Inc. Lowers Position in Houlihan Lokey, Inc. (NYSE:HLI)

Weil Company Inc. reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,788 shares of the financial services provider's stock after selling 4,789 shares during the quarter. Houlihan Lokey comprises 1.8% of Weil Company Inc.'s holdings, making the stock its 13th largest holding. Weil Company Inc. owned about 0.05% of Houlihan Lokey worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in HLI. Millennium Management LLC lifted its stake in Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider's stock valued at $67,647,000 after buying an additional 499,535 shares during the period. Fiera Capital Corp raised its position in shares of Houlihan Lokey by 666.8% during the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider's stock worth $44,831,000 after purchasing an additional 246,705 shares during the period. PineStone Asset Management Inc. acquired a new position in shares of Houlihan Lokey during the second quarter worth approximately $10,141,000. Earnest Partners LLC raised its position in shares of Houlihan Lokey by 1.9% during the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider's stock worth $441,507,000 after purchasing an additional 62,314 shares during the period. Finally, New York State Common Retirement Fund raised its position in shares of Houlihan Lokey by 42.0% during the third quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider's stock worth $29,072,000 after purchasing an additional 54,386 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company assumed 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. UBS Group upped their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley upped their target price on Houlihan Lokey from $146.00 to $163.00 and gave the stock an "equal weight" rating in a research report on Monday, September 23rd. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, Houlihan Lokey currently has an average rating of "Hold" and an average price target of $157.00.

Houlihan Lokey Trading Up 2.2 %

Houlihan Lokey stock traded up $4.17 during trading on Monday, hitting $189.91. 369,707 shares of the company were exchanged, compared to its average volume of 323,678. The company has a market capitalization of $13.20 billion, a P/E ratio of 37.98 and a beta of 0.65. The business's 50 day moving average is $163.48 and its 200 day moving average is $147.75. Houlihan Lokey, Inc. has a 52 week low of $101.92 and a 52 week high of $190.07.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.31 by $0.15. The firm 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 revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.11 EPS. Equities analysts expect that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.20%. Houlihan Lokey's dividend payout ratio is presently 46.63%.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a legal filing with the SEC, which is accessible 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 sale, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Scott L. Beiser sold 8,317 shares of the 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 disclosure for this sale can be found here. Insiders have sold 9,917 shares of company stock valued at $1,513,129 in the last 90 days. 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.