Nordea Investment Management AB Decreases Position in Houlihan Lokey, Inc. $HLI

Nordea Investment Management AB decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.3% in the third quarter, Holdings Channel.com reports. The institutional investor owned 71,255 shares of the financial services provider’s stock after selling 3,214 shares during the quarter. Nordea Investment Management AB’s holdings in Houlihan Lokey were worth $14,607,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Royal Bank of Canada boosted its position in shares of Houlihan Lokey by 14.4% during the 1st quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock valued at $8,008,000 after acquiring an additional 6,253 shares during the last quarter. AQR Capital Management LLC raised its stake in Houlihan Lokey by 50.0% during the first quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock worth $4,598,000 after purchasing an additional 9,891 shares during the period. Millennium Management LLC acquired a new position in Houlihan Lokey in the 1st quarter valued at about $18,964,000. Goldman Sachs Group Inc. grew its stake in shares of Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after buying an additional 22,553 shares during the period. Finally, Voya Investment Management LLC increased its holdings in shares of Houlihan Lokey by 4.2% during the 1st quarter. Voya Investment Management LLC now owns 9,815 shares of the financial services provider’s stock worth $1,585,000 after buying an additional 395 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total value of $87,085.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Performance

HLI stock opened at $189.87 on Friday. The stock has a market capitalization of $13.30 billion, a PE ratio of 30.62 and a beta of 0.95. The company has a fifty day moving average of $178.15 and a 200-day moving average of $188.99. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The firm had revenue of $659.45 million for the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.46 earnings per share. Equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s dividend payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HLI. BMO Capital Markets began coverage on shares of Houlihan Lokey in a research report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective for the company. Morgan Stanley cut their target price on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 6th. Zacks Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, UBS Group assumed coverage on Houlihan Lokey in a report on Thursday, December 11th. They issued a “neutral” rating and a $193.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Houlihan Lokey currently has an average rating of “Moderate Buy” and an average price target of $206.29.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.