Houlihan Lokey, Inc. $HLI Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 243,107 shares of the financial services provider’s stock after selling 4,527 shares during the quarter. Schroder Investment Management Group owned about 0.35% of Houlihan Lokey worth $50,126,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HLI. Westside Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Root Financial Partners LLC purchased a new position in Houlihan Lokey in the third quarter worth approximately $31,000. Strategic Wealth Investment Group LLC purchased a new position in Houlihan Lokey in the second quarter worth approximately $39,000. Cornerstone Planning Group LLC increased its stake in Houlihan Lokey by 179.2% during the third quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 129 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Houlihan Lokey by 136.9% during the third quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock worth $63,000 after acquiring an additional 178 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 0.7%

NYSE:HLI opened at $145.73 on Wednesday. The stock’s 50-day moving average is $172.55 and its 200-day moving average is $183.23. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The stock has a market cap of $10.17 billion, a P/E ratio of 22.39 and a beta of 0.95.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 15th. Shareholders of record on Monday, March 2nd will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Monday, March 2nd. Houlihan Lokey’s payout ratio is 36.87%.

Insider Transactions at Houlihan Lokey

In related news, Director Robert A. Schriesheim sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the sale, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The SEC filing for this sale provides additional information. 22.83% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Weiss Ratings lowered Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets boosted their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a report on Thursday, January 29th. UBS Group reaffirmed a “neutral” rating and set a $196.00 target price on shares of Houlihan Lokey in a research note on Friday, January 30th. Finally, Morgan Stanley dropped their price target on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average price target of $209.17.

Houlihan Lokey Profile

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.