Tidal Investments LLC Sells 4,716 Shares of Houlihan Lokey, Inc. $HLI

Tidal Investments LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 15.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,108 shares of the financial services provider’s stock after selling 4,716 shares during the period. Tidal Investments LLC’s holdings in Houlihan Lokey were worth $3,368,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in Houlihan Lokey by 19.8% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 3,780 shares of the financial services provider’s stock worth $507,000 after acquiring an additional 624 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Houlihan Lokey by 356.7% in the second quarter. Squarepoint Ops LLC now owns 78,512 shares of the financial services provider’s stock valued at $10,531,000 after purchasing an additional 61,321 shares during the period. Baird Financial Group Inc. grew its stake in Houlihan Lokey by 2.7% in the second quarter. Baird Financial Group Inc. now owns 20,327 shares of the financial services provider’s stock worth $2,726,000 after purchasing an additional 538 shares in the last quarter. Nykredit A S bought a new position in Houlihan Lokey in the second quarter worth approximately $348,000. Finally, VELA Investment Management LLC increased its holdings in Houlihan Lokey by 62.3% during the 2nd quarter. VELA Investment Management LLC now owns 25,348 shares of the financial services provider’s stock worth $3,400,000 after purchasing an additional 9,734 shares during the period. Institutional investors own 78.07% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $140.15, for a total value of $140,150.00. Following the transaction, the general counsel owned 1,000 shares of the company’s stock, valued at $140,150. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 22.53% of the company’s stock.

Houlihan Lokey Trading Up 0.9%

Shares of NYSE:HLI opened at $137.81 on Tuesday. The company has a market capitalization of $9.52 billion, a PE ratio of 23.16, a P/E/G ratio of 1.57 and a beta of 0.96. Houlihan Lokey, Inc. has a 12-month low of $112.83 and a 12-month high of $211.78. The business’s fifty day simple moving average is $133.46 and its 200-day simple moving average is $142.32.

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Tuesday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 47.06%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HLI shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Houlihan Lokey in a research report on Friday, July 17th. UBS Group cut their price target on Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating on the stock in a research note on Thursday, July 30th. BMO Capital Markets dropped their target price on shares of Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Bank of America began coverage on shares of Houlihan Lokey in a research report on Friday, July 10th. They set a “buy” rating and a $164.00 target price on the stock. Finally, Wall Street Zen lowered shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently 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 that provides financial advisory services to corporations, financial sponsors, governments and other institutions. Its principal activities include mergers and acquisitions, capital markets advisory, financial restructuring, and valuation and financial opinions.

The company advises clients on acquisitions, divestitures, strategic alternatives, recapitalizations, fairness opinions and other complex financial matters. Its restructuring business supports companies, creditors and other stakeholders dealing with distressed situations, while its valuation and financial advisory practice provides analyses related to financial reporting, tax, litigation and strategic planning.

Founded in 1972, Houlihan Lokey has expanded from its origins in the United States into an international advisory firm serving clients across North America, Europe, the Asia-Pacific region and other global markets.