Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,460 shares of the financial services provider’s stock after selling 134 shares during the quarter. Federated Hermes Inc.’s holdings in Houlihan Lokey were worth $601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP lifted its holdings in shares of Houlihan Lokey by 624.8% during the first quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock worth $932,000 after purchasing an additional 6,267 shares during the period. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 0.6% during the 1st 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. increased its holdings in 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. raised its holdings in Houlihan Lokey by 11.7% in the 4th quarter. Eagle Asset Management Inc. now owns 118,460 shares of the financial services provider’s stock worth $14,205,000 after purchasing an additional 12,419 shares during the period. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of 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 buying an additional 44,558 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the topic of several research analyst reports. UBS Group lifted their target price on shares of Houlihan Lokey from $157.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley boosted their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research report on Monday. Wells Fargo & Company initiated coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective for the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $153.00.

Insider Activity at Houlihan Lokey

In related news, Chairman Irwin Gold sold 9,902 shares of the firm’s 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,619 shares of company stock worth $2,818,759. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Trading Up 0.7 %

Shares of NYSE:HLI opened at $161.50 on Tuesday. The business has a 50-day moving average price of $151.00 and a 200 day moving average price of $137.85. Houlihan Lokey, Inc. has a 12-month low of $94.67 and a 12-month high of $162.63. The company has a market capitalization of $11.08 billion, a price-to-earnings ratio of 39.29 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $508.70 million. During the same period in the previous year, the firm earned $0.89 EPS. The business’s revenue was up 23.6% on a year-over-year basis. As a group, equities research analysts predict that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a $0.57 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. Houlihan Lokey’s payout ratio is presently 55.47%.

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.