Houlihan Lokey, Inc. $HLI Position Decreased by Impact Capital Partners LLC

Impact Capital Partners LLC cut its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.3% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,221 shares of the financial services provider’s stock after selling 82 shares during the quarter. Impact Capital Partners LLC’s holdings in Houlihan Lokey were worth $220,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new stake in Houlihan Lokey during the first quarter valued at about $619,000. New York State Teachers Retirement System lifted its stake in Houlihan Lokey by 1.1% during the first quarter. New York State Teachers Retirement System now owns 17,926 shares of the financial services provider’s stock valued at $2,895,000 after buying an additional 200 shares in the last quarter. OneDigital Investment Advisors LLC purchased a new stake in Houlihan Lokey during the first quarter valued at about $210,000. Amundi lifted its stake in Houlihan Lokey by 404.0% during the first quarter. Amundi now owns 63,433 shares of the financial services provider’s stock valued at $9,725,000 after buying an additional 50,847 shares in the last quarter. Finally, QRG Capital Management Inc. lifted its stake in Houlihan Lokey by 9.7% during the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider’s stock valued at $805,000 after buying an additional 439 shares in the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on HLI shares. Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Morgan Stanley increased their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Zacks Research lowered shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday. Keefe, Bruyette & Woods raised shares of Houlihan Lokey from a “hold” rating to a “moderate buy” rating and increased their price target for the stock from $185.00 to $232.00 in a research report on Monday, July 14th. Finally, Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $210.60.

Houlihan Lokey Stock Performance

Shares of HLI opened at $200.91 on Thursday. The firm has a market cap of $14.13 billion, a PE ratio of 33.82 and a beta of 0.87. The firm’s 50 day moving average price is $197.97 and its 200 day moving average price is $180.26. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.45. The firm had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $1.22 earnings per share. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 40.40%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total value of $1,380,930.25. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock worth $9,477,040 over the last 90 days. Insiders own 22.83% of the company’s stock.

Houlihan Lokey 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.