Prudential Financial Inc. Has $6.28 Million Holdings in Houlihan Lokey, Inc. (HLI)
Prudential Financial Inc. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 19.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 179,840 shares of the financial services provider’s stock after selling 43,060 shares during the period. Prudential Financial Inc. owned approximately 0.77% of Houlihan Lokey worth $6,277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in Houlihan Lokey in the second quarter worth about $105,000. Victory Capital Management Inc. lifted its stake in 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 worth $158,000 after purchasing an additional 381 shares during the last quarter. Legal & General Group Plc lifted its stake in 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 worth $159,000 after purchasing an additional 1,270 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in Houlihan Lokey in the first quarter worth about $182,000. Finally, Jane Street Group LLC bought a new stake in Houlihan Lokey in the first quarter worth about $205,000. 32.18% of the stock is owned by institutional investors and hedge funds.
Shares of Houlihan Lokey, Inc. (NYSE:HLI) opened at 36.37 on Friday. The stock’s 50 day moving average is $35.99 and its 200 day moving average is $34.63. The company has a market cap of $2.43 billion, a P/E ratio of 18.85 and a beta of 0.34. Houlihan Lokey, Inc. has a 1-year low of $23.19 and a 1-year high of $39.68.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.63%. The business had revenue of $217.00 million during the quarter, compared to analysts’ expectations of $203.21 million. During the same quarter in the prior year, the company posted $0.35 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts predict that Houlihan Lokey, Inc. will post $2.04 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 1st were issued a $0.20 dividend. The ex-dividend date was Wednesday, August 30th. This represents a $0.80 annualized dividend and a dividend yield of 2.20%. Houlihan Lokey’s dividend payout ratio is currently 41.67%.
In other news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 69.70% of the company’s stock.
HLI has been the subject of several analyst reports. UBS AG reissued a “buy” rating and issued a $42.00 price objective (up previously from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. Zacks Investment Research downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. TheStreet raised shares of Houlihan Lokey from a “c” rating to a “b-” rating in a research note on Monday, August 14th. BidaskClub downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research note on Thursday, July 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Houlihan Lokey presently has an average rating of “Buy” and a consensus price target of $39.83.
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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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