Mutual of America Capital Management LLC Purchases 1,467 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Mutual of America Capital Management LLC raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 63,972 shares of the financial services provider’s stock after buying an additional 1,467 shares during the period. Mutual of America Capital Management LLC owned about 0.09% of Houlihan Lokey worth $8,627,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of HLI. Private Advisor Group LLC lifted its position in Houlihan Lokey by 3.3% during the fourth quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 102 shares during the last quarter. Principal Securities Inc. purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $82,000. BNP Paribas Financial Markets lifted its position in Houlihan Lokey by 122.6% during the fourth quarter. BNP Paribas Financial Markets now owns 14,130 shares of the financial services provider’s stock valued at $1,694,000 after acquiring an additional 7,782 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in Houlihan Lokey by 14.5% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 5,952 shares of the financial services provider’s stock valued at $714,000 after acquiring an additional 753 shares during the last quarter. Finally, Securian Asset Management Inc. purchased a new stake in Houlihan Lokey during the fourth quarter valued at approximately $522,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

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

Houlihan Lokey Trading Down 2.9 %

NYSE:HLI opened at $154.64 on Thursday. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $160.62. The company has a market cap of $10.61 billion, a P/E ratio of 37.63 and a beta of 0.67. The company’s 50-day moving average price is $149.54 and its 200-day moving average price is $136.90.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analysts’ expectations of $508.70 million. During the same period last year, the business earned $0.89 earnings per share. Houlihan Lokey’s revenue was up 23.6% compared to the same quarter last year. 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 declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $1,339,245.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders sold a total of 19,619 shares of company stock worth $2,818,759 over the last three months. 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.