Janus Henderson Group PLC Has $4.76 Million Stock Holdings in Houlihan Lokey, Inc. $HLI

Janus Henderson Group PLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 79.5% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 33,186 shares of the financial services provider’s stock after selling 128,982 shares during the period. Janus Henderson Group PLC’s holdings in Houlihan Lokey were worth $4,765,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Royal Bank of Canada increased its position in Houlihan Lokey by 14.4% in the first quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock worth $8,008,000 after purchasing an additional 6,253 shares during the period. AQR Capital Management LLC lifted its position in Houlihan Lokey by 50.0% during the 1st quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock valued at $4,598,000 after purchasing an additional 9,891 shares during the period. Millennium Management LLC bought a new position in shares of Houlihan Lokey in the 1st quarter valued at about $18,964,000. Goldman Sachs Group Inc. boosted its stake in shares of Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after purchasing an additional 22,553 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $1,033,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 0.4%

Shares of HLI opened at $127.70 on Friday. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 1.43 and a beta of 0.95. Houlihan Lokey, Inc. has a 12 month low of $112.83 and a 12 month high of $211.78. The firm has a fifty day simple moving average of $137.69 and a 200 day simple moving average of $150.28.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The company’s quarterly revenue was down 15.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.14 earnings per share. As a group, research analysts predict that Houlihan Lokey, Inc. will post 7.13 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Tuesday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 47.06%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HLI shares. Wolfe Research upgraded shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a report on Thursday, July 9th. The Goldman Sachs Group dropped their target price on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. UBS Group reduced their price target on Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Houlihan Lokey in a report on Friday, July 17th. Finally, US Capital Advisors set a $187.00 target price on Houlihan Lokey in a report on Thursday, July 9th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $166.38.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This represents a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.53% of the stock is owned by company insiders.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.