Renaissance Technologies LLC Has $715,000 Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Renaissance Technologies LLC trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 78.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,300 shares of the financial services provider’s stock after selling 19,700 shares during the period. Renaissance Technologies LLC’s holdings in Houlihan Lokey were worth $715,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Ameritas Investment Partners Inc. raised its holdings in Houlihan Lokey by 0.5% during 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 buying an additional 97 shares in the last quarter. Park Avenue Securities LLC raised its stake in shares of 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 valued at $1,151,000 after acquiring an additional 120 shares in the last quarter. Portside Wealth Group LLC lifted its holdings in Houlihan Lokey by 6.3% in the 2nd quarter. Portside Wealth Group LLC now owns 2,224 shares of the financial services provider’s stock worth $300,000 after purchasing an additional 131 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew 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 purchasing an additional 162 shares during the last quarter. Finally, Crewe Advisors LLC raised its position in shares of Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on HLI shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley upped their price target on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a report on Monday, September 23rd. Wells Fargo & Company assumed coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective on the stock. UBS Group increased their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $157.00.

Insider Buying and Selling

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the sale, the director now directly owns 6,801 shares of the company’s stock, valued at approximately $1,035,656.28. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Friday, September 13th. The stock was 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 directly owns 6,801 shares of the company’s stock, valued at approximately $1,035,656.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Scott L. Beiser sold 8,317 shares of the stock in a transaction dated Friday, August 16th. The stock was 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 9,717 shares of company stock valued at $1,479,513 over the last quarter. Corporate insiders own 25.97% of the company’s stock.

Houlihan Lokey Stock Up 1.9 %

Houlihan Lokey stock opened at $163.85 on Wednesday. The business has a 50 day moving average price of $153.95 and a two-hundred day moving average price of $140.61. Houlihan Lokey, Inc. has a 12 month low of $94.67 and a 12 month high of $164.49. The stock has a market cap of $11.24 billion, a price-to-earnings ratio of 39.87 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22. The business had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. Houlihan Lokey’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.89 earnings per share. On average, analysts expect that Houlihan Lokey, Inc. will post 5.54 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

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 was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.39%. 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.