Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Huntington National Bank

Huntington National Bank decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,435 shares of the financial services provider’s stock after selling 103 shares during the quarter. Huntington National Bank’s holdings in Houlihan Lokey were worth $227,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after acquiring an additional 29,843 shares during the last quarter. Earnest Partners LLC lifted its stake in 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 in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Houlihan Lokey by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider’s stock worth $416,434,000 after buying an additional 38,155 shares during the period. Sei Investments Co. boosted its holdings in Houlihan Lokey by 6.2% during the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock valued at $104,697,000 after acquiring an additional 45,205 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Houlihan Lokey by 1.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider’s stock valued at $69,851,000 after acquiring an additional 6,291 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Activity

In related news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the transaction, the director now owns 6,801 shares in the company, valued at $1,035,656.28. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,600 shares of company stock worth $249,860. Corporate insiders own 23.68% of the company’s stock.

Houlihan Lokey Price Performance

NYSE:HLI opened at $184.12 on Monday. Houlihan Lokey, Inc. has a 12 month low of $102.29 and a 12 month high of $190.66. The firm has a market capitalization of $12.80 billion, a PE ratio of 37.65 and a beta of 0.65. The business’s fifty day moving average price is $166.88 and its 200 day moving average price is $149.81.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The business had revenue of $574.96 million for 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 business posted $1.11 EPS. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 1.24%. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. UBS Group raised their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley upped their price objective 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. Wells Fargo & Company initiated coverage on Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price for the company. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.00.

About Houlihan Lokey

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.