Houlihan Lokey, Inc. $HLI Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP cut its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 31.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 929,760 shares of the financial services provider’s stock after selling 431,650 shares during the period. Wellington Management Group LLP’s holdings in Houlihan Lokey were worth $124,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HLI. Royal Bank of Canada boosted its holdings in Houlihan Lokey by 2.8% in the first quarter. Royal Bank of Canada now owns 1,751,495 shares of the financial services provider’s stock valued at $251,551,000 after acquiring an additional 48,126 shares during the last quarter. Geode Capital Management LLC grew its position in Houlihan Lokey by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after acquiring an additional 84,757 shares during the period. Bank of Montreal Can increased its stake in Houlihan Lokey by 2,723.2% during the fourth quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock worth $208,934,000 after acquiring an additional 1,156,973 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Houlihan Lokey by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock worth $187,506,000 after purchasing an additional 41,470 shares during the period. Finally, Capital Research Global Investors raised its holdings in shares of Houlihan Lokey by 0.6% in the 4th quarter. Capital Research Global Investors now owns 962,263 shares of the financial services provider’s stock worth $167,617,000 after purchasing an additional 5,822 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Down 0.5%

NYSE HLI opened at $132.56 on Wednesday. The stock has a market cap of $9.15 billion, a PE ratio of 22.28, a P/E/G ratio of 1.53 and a beta of 0.95. Houlihan Lokey, Inc. has a fifty-two week low of $112.83 and a fifty-two week high of $211.78. The business has a 50 day moving average price of $133.76 and a two-hundred day moving average price of $144.18.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The firm had revenue of $511.00 million for the quarter, compared to analysts’ expectations of $602.38 million. During the same quarter in the prior year, the business earned $2.14 EPS. The company’s revenue for the quarter was down 15.6% on a year-over-year basis. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 6.93 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be paid a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 annualized dividend and a yield of 2.1%. Houlihan Lokey’s payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a report on Thursday, July 30th. Wolfe Research raised shares of Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research report on Thursday, July 9th. Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating for the company in a research note on Thursday, July 30th. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research note on Thursday, July 9th. Finally, Wall Street Zen cut shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $166.38.

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.