Grantham Mayo Van Otterloo & Co. LLC Has $34.61 Million Holdings in Houlihan Lokey, Inc. $HLI

Grantham Mayo Van Otterloo & Co. LLC trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 29.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 168,550 shares of the financial services provider’s stock after selling 71,936 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Houlihan Lokey were worth $34,607,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mayflower Financial Advisors LLC bought a new position in Houlihan Lokey during the third quarter worth about $230,335,000. ING Groep NV bought a new stake in Houlihan Lokey in the 3rd quarter valued at about $4,640,000. Thrivent Financial for Lutherans grew its position in shares of Houlihan Lokey by 75.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock worth $146,495,000 after purchasing an additional 307,214 shares in the last quarter. Baker Ellis Asset Management LLC bought a new position in shares of Houlihan Lokey during the third quarter worth approximately $589,000. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Houlihan Lokey by 63.2% during the second quarter. Geneos Wealth Management Inc. now owns 33,430 shares of the financial services provider’s stock worth $6,016,000 after purchasing an additional 12,944 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HLI has been the subject of several recent research reports. UBS Group reiterated a “neutral” rating and issued a $196.00 price target on shares of Houlihan Lokey in a research note on Friday, January 30th. Weiss Ratings raised Houlihan Lokey from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 20th. Morgan Stanley cut their target price on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. BMO Capital Markets raised their price target on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.17.

Houlihan Lokey Stock Down 3.8%

Shares of HLI stock opened at $151.32 on Friday. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78. The stock’s fifty day simple moving average is $173.75 and its 200 day simple moving average is $183.97. The firm has a market capitalization of $10.56 billion, a P/E ratio of 23.24 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The firm’s revenue was up 13.0% on a year-over-year basis. During the same quarter last year, the business earned $1.64 EPS. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a yield of 1.6%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 36.87%.

Insider Activity at Houlihan Lokey

In other news, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $170.86, for a total transaction of $854,300.00. Following the completion of the transaction, the director owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. This trade represents a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. Additional details regarding this sale are available in the official SEC disclosure. 22.83% of the stock is owned by company insiders.

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.