R Squared Ltd Sells 621 Shares of Houlihan Lokey, Inc. $HLI

R Squared Ltd lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 33.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,220 shares of the financial services provider’s stock after selling 621 shares during the period. R Squared Ltd’s holdings in Houlihan Lokey were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bogart Wealth LLC raised its position in shares of Houlihan Lokey by 111.1% during the first quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider’s stock valued at $25,000 after buying an additional 80 shares during the last quarter. Motco bought a new stake in shares of Houlihan Lokey during the first quarter valued at approximately $29,000. Brooklyn Investment Group bought a new stake in Houlihan Lokey in the first quarter worth $33,000. Trust Co. of Toledo NA OH bought a new stake in Houlihan Lokey in the second quarter worth $34,000. Finally, TCTC Holdings LLC increased its position in Houlihan Lokey by 103.5% in the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of several research reports. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Saturday. Morgan Stanley boosted their price target on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Wall Street Zen cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $212.43.

Insider Activity

In other news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $196.22, for a total transaction of $98,110.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,311 shares of company stock valued at $9,477,040. 22.83% of the stock is currently owned by company insiders.

Houlihan Lokey Stock Up 1.3%

HLI stock opened at $199.49 on Friday. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78. The stock has a market capitalization of $14.03 billion, a price-to-earnings ratio of 33.58 and a beta of 0.87. The firm’s fifty day simple moving average is $198.49 and its two-hundred day simple moving average is $184.62.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business had revenue of $605.35 million for the quarter, compared to analysts’ expectations of $573.07 million. During the same quarter in the previous year, the business posted $1.22 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. Houlihan Lokey’s payout ratio is 40.40%.

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.