Jennison Associates LLC Sells 143,817 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Jennison Associates LLC lowered its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 43.7% in the 4th quarter, Holdings Channel reports. The firm owned 185,412 shares of the financial services provider’s stock after selling 143,817 shares during the quarter. Jennison Associates LLC’s holdings in Houlihan Lokey were worth $22,233,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HLI. Global Retirement Partners LLC raised its holdings in shares of Houlihan Lokey by 16.9% in the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 109 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Houlihan Lokey by 1.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 18,322 shares of the financial services provider’s stock valued at $1,963,000 after acquiring an additional 348 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Houlihan Lokey by 34.9% in the 3rd quarter. UMB Bank n.a. now owns 870 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 225 shares in the last quarter. Simplicity Solutions LLC raised its holdings in shares of Houlihan Lokey by 15.2% in the 3rd quarter. Simplicity Solutions LLC now owns 3,759 shares of the financial services provider’s stock valued at $403,000 after acquiring an additional 495 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Houlihan Lokey by 13.2% in the 3rd quarter. Linden Thomas Advisory Services LLC now owns 7,975 shares of the financial services provider’s stock valued at $854,000 after acquiring an additional 927 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HLI. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group raised their price target on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $127.00 price target on shares of Houlihan Lokey in a report on Monday, January 29th.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Trading Down 0.8 %

Shares of NYSE HLI opened at $127.03 on Friday. The stock has a market cap of $8.78 billion, a price-to-earnings ratio of 31.52 and a beta of 0.68. Houlihan Lokey, Inc. has a 1-year low of $84.89 and a 1-year high of $133.80. The stock’s 50-day moving average is $127.15 and its 200 day moving average is $117.91.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $511.30 million for the quarter, compared to analysts’ expectations of $493.02 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The business’s quarterly revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.14 EPS. On average, analysts forecast that Houlihan Lokey, Inc. will post 4.42 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.73%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 54.59%.

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.