Houlihan Lokey, Inc. (HLI) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 72.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,609 shares of the financial services provider’s stock after selling 97,904 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Houlihan Lokey worth $1,278,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the period. American International Group Inc. lifted its holdings in shares of Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock valued at $259,000 after buying an additional 497 shares during the period. Legal & General Group Plc lifted its holdings in shares of Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the period. Highbridge Capital Management LLC lifted its holdings in shares of Houlihan Lokey by 9.8% in the first quarter. Highbridge Capital Management LLC now owns 29,464 shares of the financial services provider’s stock valued at $1,015,000 after buying an additional 2,640 shares during the period. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Houlihan Lokey in the first quarter valued at $182,000. Institutional investors and hedge funds own 32.18% of the company’s stock.
Several analysts have recently weighed in on HLI shares. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a report on Monday, July 3rd. UBS AG restated a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a report on Wednesday, July 26th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a report on Thursday, July 27th. BidaskClub lowered Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, TheStreet upgraded Houlihan Lokey from a “c” rating to a “b-” rating in a report on Monday, August 14th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.40.
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Shares of Houlihan Lokey, Inc. (NYSE HLI) traded up 0.53% during mid-day trading on Monday, hitting $36.03. The stock had a trading volume of 68,795 shares. The firm’s 50-day moving average price is $36.15 and its 200 day moving average price is $34.46. Houlihan Lokey, Inc. has a 12-month low of $23.19 and a 12-month high of $39.68. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 18.68 and a beta of 0.34.
Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $217 million for the quarter, compared to analyst estimates of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. Equities analysts forecast that Houlihan Lokey, Inc. will post $2.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.20 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.23%. Houlihan Lokey’s dividend payout ratio (DPR) is 41.67%.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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