Triasima Portfolio Management inc. Has $5.50 Million Position in Houlihan Lokey, Inc. $HLI

Triasima Portfolio Management inc. increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 24.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 26,795 shares of the financial services provider’s stock after purchasing an additional 5,295 shares during the period. Triasima Portfolio Management inc.’s holdings in Houlihan Lokey were worth $5,502,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new position in Houlihan Lokey in the 3rd quarter worth approximately $31,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Houlihan Lokey in the second quarter worth $34,000. Strategic Wealth Investment Group LLC bought a new position in Houlihan Lokey during the second quarter worth $39,000. MAI Capital Management raised its stake in Houlihan Lokey by 268.0% during the 2nd quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 268 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in Houlihan Lokey by 16.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock valued at $96,000 after purchasing an additional 66 shares during the period. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $228.00 to $218.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. Morgan Stanley cut their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. BMO Capital Markets started coverage on Houlihan Lokey in a report on Friday, October 3rd. They set an “outperform” rating and a $230.00 price objective on the stock. Finally, UBS Group initiated coverage on Houlihan Lokey in a research note on Thursday, December 11th. They issued a “neutral” rating and a $193.00 target price for the company. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $206.29.

Houlihan Lokey Trading Down 0.9%

HLI stock opened at $188.03 on Tuesday. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78. The business’s 50 day moving average is $178.50 and its 200-day moving average is $189.18. The firm has a market cap of $13.18 billion, a P/E ratio of 30.33 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, topping the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The business had revenue of $659.45 million during the quarter, compared to the consensus estimate of $639.08 million. During the same quarter last year, the company earned $1.46 EPS. Houlihan Lokey’s revenue was up 14.7% on a year-over-year basis. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

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

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 22.83% of the company’s stock.

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.