Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 359,611 shares of the financial services provider’s stock after selling 14,401 shares during the period. Goldman Sachs Group Inc. owned 0.52% of Houlihan Lokey worth $43,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in Houlihan Lokey in the 4th quarter worth approximately $54,000. Principal Securities Inc. acquired a new stake in Houlihan Lokey during the 4th quarter valued at approximately $82,000. GAMMA Investing LLC acquired a new stake in Houlihan Lokey during the 4th quarter valued at approximately $85,000. Planned Solutions Inc. acquired a new stake in Houlihan Lokey during the 4th quarter valued at approximately $87,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Houlihan Lokey by 12.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 123 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HLI. UBS Group decreased their price objective on shares of Houlihan Lokey from $157.00 to $145.00 and set a “buy” rating for the company in a research note on Tuesday, May 14th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th.

Houlihan Lokey Price Performance

NYSE:HLI opened at $132.80 on Friday. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65. The company has a 50 day moving average price of $131.19 and a 200-day moving average price of $125.90. Houlihan Lokey, Inc. has a 1-year low of $92.51 and a 1-year high of $137.92.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07. The firm had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.11 EPS. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.72 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.72%. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Monday, June 3rd. Houlihan Lokey’s payout ratio is 55.47%.

Insider Activity

In related news, insider David A. Preiser sold 20,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total value of $2,664,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 25.97% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.