Sei Investments Co. Buys 45,205 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Sei Investments Co. lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 6.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 776,335 shares of the financial services provider’s stock after acquiring an additional 45,205 shares during the period. Sei Investments Co. owned 1.13% of Houlihan Lokey worth $104,697,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HLI. Ameritas Investment Partners Inc. raised its position in shares of Houlihan Lokey by 0.5% in the first quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider’s stock valued at $2,345,000 after purchasing an additional 97 shares during the period. Park Avenue Securities LLC raised its holdings in Houlihan Lokey by 1.4% in the 2nd quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 120 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Houlihan Lokey by 12.1% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,139 shares of the financial services provider’s stock worth $137,000 after acquiring an additional 123 shares during the period. Portside Wealth Group LLC lifted its position in Houlihan Lokey by 6.3% during the 2nd quarter. Portside Wealth Group LLC now owns 2,224 shares of the financial services provider’s stock worth $300,000 after acquiring an additional 131 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Houlihan Lokey by 27.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 162 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the transaction, the director now owns 6,801 shares in the company, valued at $1,035,656.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now directly owns 6,801 shares in the company, valued at $1,035,656.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,619 shares of company stock valued at $2,818,759 over the last quarter. 25.97% of the stock is owned by company insiders.

Houlihan Lokey Trading Up 1.2 %

Shares of NYSE:HLI opened at $160.30 on Friday. The firm has a market capitalization of $10.99 billion, a PE ratio of 39.00 and a beta of 0.67. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $160.89. The business’s 50 day moving average is $150.66 and its 200-day moving average is $137.50.

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

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were paid 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 currently 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.