Bamco Inc. NY Sells 15,953 Shares of Houlihan Lokey, Inc. $HLI

Bamco Inc. NY decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,130,190 shares of the financial services provider’s stock after selling 15,953 shares during the quarter. Bamco Inc. NY’s holdings in Houlihan Lokey were worth $232,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Westside Investment Management Inc. raised its position in shares of Houlihan Lokey by 64.4% in the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 58 shares during the period. Root Financial Partners LLC bought a new position in Houlihan Lokey during the 3rd quarter worth approximately $31,000. Strategic Wealth Investment Group LLC acquired a new position in Houlihan Lokey during the second quarter valued at approximately $39,000. Cornerstone Planning Group LLC increased its stake in Houlihan Lokey by 179.2% in the third quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Houlihan Lokey by 136.9% in the third quarter. Parkside Financial Bank & Trust now owns 308 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 178 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of the business’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 owned 27,982 shares in the company, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 500 shares of the company’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 value of $87,085.00. Additional details regarding this sale are available in the official SEC disclosure. 22.83% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on HLI. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $243.00 to $210.00 and set a “buy” rating on the stock in a research report on Thursday. Morgan Stanley dropped their price objective on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 6th. Keefe, Bruyette & Woods reduced their target price on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. BMO Capital Markets boosted their target price on Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings downgraded Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, March 9th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Moderate Buy” and an average price target of $204.57.

Houlihan Lokey Trading Down 0.2%

Shares of NYSE HLI opened at $139.57 on Friday. The company has a fifty day moving average price of $170.57 and a 200 day moving average price of $182.15. The firm has a market cap of $9.74 billion, a PE ratio of 21.44 and a beta of 0.95. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $211.78.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.Houlihan Lokey’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.64 EPS. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Investors of record on Monday, March 2nd will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, March 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.7%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 36.87%.

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.