Stegent Equity Advisors Inc. Sells 6,233 Shares of Houlihan Lokey, Inc. $HLI

Stegent Equity Advisors Inc. decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 43.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,029 shares of the financial services provider’s stock after selling 6,233 shares during the period. Houlihan Lokey comprises 1.3% of Stegent Equity Advisors Inc.’s portfolio, making the stock its 25th biggest holding. Stegent Equity Advisors Inc.’s holdings in Houlihan Lokey were worth $1,649,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Trust Co. of Toledo NA OH acquired a new position in shares of Houlihan Lokey in the 2nd quarter worth approximately $34,000. Strategic Wealth Investment Group LLC bought a new stake in Houlihan Lokey in the second quarter valued at $39,000. MAI Capital Management raised its stake in Houlihan Lokey by 268.0% during the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 268 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Houlihan Lokey by 16.5% during the third quarter. Farther Finance Advisors LLC now owns 467 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 66 shares in the last quarter. Finally, Mather Group LLC. bought a new position in shares of Houlihan Lokey during the third quarter valued at $128,000. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 0.1%

Houlihan Lokey stock opened at $189.90 on Friday. The business’s 50-day simple moving average is $178.34 and its 200 day simple moving average is $189.11. The stock has a market cap of $13.31 billion, a price-to-earnings ratio of 30.63 and a beta of 0.95. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, topping the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The firm had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. During the same period in the previous year, the business posted $1.46 EPS. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.3%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s dividend payout ratio is currently 38.71%.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 22.83% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the topic of several analyst reports. BMO Capital Markets initiated coverage on shares of Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 target price on the stock. Zacks Research cut shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley dropped their price objective on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Weiss Ratings cut shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and a consensus target price of $206.29.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.