Thrivent Financial for Lutherans Sells 14,149 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Thrivent Financial for Lutherans reduced its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 993,975 shares of the financial services provider’s stock after selling 14,149 shares during the period. Thrivent Financial for Lutherans owned approximately 1.45% of Houlihan Lokey worth $134,048,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in HLI. Quantbot Technologies LP boosted its position in shares of Houlihan Lokey by 624.8% in the first quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 6,267 shares during the period. Vanguard Group Inc. increased its holdings in shares of Houlihan Lokey by 0.6% during the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after purchasing an additional 29,843 shares during the period. Sei Investments Co. raised its position in shares of Houlihan Lokey by 5.5% in the first quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock valued at $93,723,000 after buying an additional 37,882 shares in the last quarter. Eagle Asset Management Inc. boosted its stake in shares of Houlihan Lokey by 11.7% in the fourth quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider’s stock valued at $14,205,000 after buying an additional 12,419 shares during the period. Finally, Public Employees Retirement Association of Colorado increased its stake in Houlihan Lokey by 36.8% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 165,791 shares of the financial services provider’s stock worth $19,880,000 after acquiring an additional 44,558 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The disclosure for this sale can be found here. Insiders sold a total of 19,619 shares of company stock valued at $2,818,759 in the last three months. Insiders own 25.97% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective on shares of Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday. UBS Group upped their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Finally, Wells Fargo & Company initiated coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $149.60.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $160.20 on Friday. The company’s 50 day moving average price is $150.66 and its two-hundred day moving average price is $137.41. The firm has a market capitalization of $10.99 billion, a P/E ratio of 38.98 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $94.67 and a fifty-two week high of $160.89.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The business had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. During the same quarter last year, the business earned $0.89 EPS. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.42%. Houlihan Lokey’s payout ratio is 55.47%.

Houlihan Lokey Profile

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.