GHP Investment Advisors Inc. Decreases Stake in Houlihan Lokey, Inc. (NYSE:HLI)

GHP Investment Advisors Inc. decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 128,390 shares of the financial services provider’s stock after selling 3,082 shares during the period. Houlihan Lokey makes up about 0.9% of GHP Investment Advisors Inc.’s investment portfolio, making the stock its 17th largest position. GHP Investment Advisors Inc. owned 0.19% of Houlihan Lokey worth $20,288,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP grew its position in Houlihan Lokey by 624.8% in the first quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock valued at $932,000 after acquiring an additional 6,267 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Houlihan Lokey by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock valued at $654,300,000 after purchasing an additional 29,843 shares during the last quarter. Sei Investments Co. increased its holdings in Houlihan Lokey by 5.5% during the 1st quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock worth $93,723,000 after purchasing an additional 37,882 shares during the last quarter. Duality Advisers LP acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at approximately $690,000. Finally, Janus Henderson Group PLC boosted its stake in shares of Houlihan Lokey by 27.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock valued at $3,927,000 after buying an additional 6,535 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Down 1.2 %

Houlihan Lokey stock traded down $2.04 during mid-day trading on Friday, hitting $166.01. 153,678 shares of the company’s stock traded hands, compared to its average volume of 277,670. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $175.21. The firm has a 50 day moving average price of $159.39 and a 200 day moving average price of $144.12. The company has a market cap of $11.54 billion, a PE ratio of 36.82 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last released its 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 analysts’ expectations of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. Houlihan Lokey’s quarterly revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the company earned $0.89 EPS. On average, analysts expect that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

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. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is presently 50.55%.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total value of $30,498.00. Following the sale, the director now directly owns 7,001 shares in the company, valued at approximately $1,067,582.49. The trade was 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 hyperlink. In other Houlihan Lokey 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 transaction, the director now owns 7,001 shares in the company, valued at approximately $1,067,582.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the 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 sold a total of 9,917 shares of company stock worth $1,513,129 over the last 90 days. 23.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HLI. UBS Group raised their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. JPMorgan Chase & Co. cut their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price on the stock. One 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 MarketBeat, Houlihan Lokey currently has an average rating of “Hold” and a consensus price target 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.