Houlihan Lokey, Inc. $HLI Shares Sold by Walleye Capital LLC

Walleye Capital LLC reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 97.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,788 shares of the financial services provider’s stock after selling 112,360 shares during the period. Walleye Capital LLC’s holdings in Houlihan Lokey were worth $400,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $26,000. Oakworth Capital Inc. purchased a new position in Houlihan Lokey during the fourth quarter worth about $29,000. Core Wealth Advisors LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $32,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $33,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in shares of Houlihan Lokey during the 2nd quarter valued at approximately $39,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Keefe, Bruyette & Woods lowered their price objective on Houlihan Lokey from $172.00 to $160.00 and set an “outperform” rating for the company in a research report on Friday, July 10th. UBS Group raised their price objective on Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Morgan Stanley decreased their target price on shares of Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating on the stock in a research report on Thursday, July 9th. US Capital Advisors set a $187.00 price target on shares of Houlihan Lokey in a research report on Thursday, July 9th. Finally, Bank of America initiated coverage on shares of Houlihan Lokey in a report on Friday, July 10th. They issued a “buy” rating and a $164.00 target price for the company. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $180.50.

Houlihan Lokey Stock Up 1.7%

Shares of NYSE:HLI opened at $140.17 on Friday. The firm’s 50 day moving average price is $140.85 and its 200 day moving average price is $153.78. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 1.17 and a beta of 0.95. Houlihan Lokey, Inc. has a fifty-two week low of $130.72 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The firm had revenue of $635.64 million during the quarter, compared to analysts’ expectations of $679.22 million. During the same period in the prior year, the company posted $1.96 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 7.91 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 2.0%. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s payout ratio is currently 45.02%.

Insider Activity at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the transaction, the chairman owned 6,265 shares in the company, valued at approximately $941,378.90. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Company 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.