Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 89.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,448 shares of the financial services provider’s stock after selling 12,228 shares during the period. SG Americas Securities LLC’s holdings in Houlihan Lokey were worth $229,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $1,945,000. Chase Investment Counsel Corp acquired a new stake in Houlihan Lokey during the 2nd quarter worth about $3,183,000. NewEdge Advisors LLC grew its position in Houlihan Lokey by 19.4% during the 2nd quarter. NewEdge Advisors LLC now owns 23,556 shares of the financial services provider’s stock worth $3,177,000 after purchasing an additional 3,824 shares during the period. Creative Planning grew its position in Houlihan Lokey by 10.7% during the 2nd quarter. Creative Planning now owns 3,614 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 350 shares during the period. Finally, Algert Global LLC grew its position in Houlihan Lokey by 9.8% during the 2nd quarter. Algert Global LLC now owns 14,599 shares of the financial services provider’s stock worth $1,969,000 after purchasing an additional 1,299 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the completion of the sale, the director now owns 7,001 shares in the company, valued at approximately $1,067,582.49. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred 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. In the last 90 days, insiders have sold 9,917 shares of company stock valued at $1,513,129. 25.97% of the stock is currently owned by company insiders.

Houlihan Lokey Stock Performance

HLI stock opened at $172.29 on Tuesday. The firm has a market cap of $11.82 billion, a PE ratio of 41.92 and a beta of 0.66. The firm’s 50 day moving average price is $157.54 and its 200-day moving average price is $142.98. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $175.21.

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

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey’s payout ratio is presently 55.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. cut 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. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Morgan Stanley raised their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research report on Monday, September 23rd. UBS Group raised their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company began coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $157.00.

Houlihan Lokey Company 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.