Houlihan Lokey, Inc. $HLI Stock Position Reduced by Yousif Capital Management LLC

Yousif Capital Management LLC trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 18,870 shares of the financial services provider’s stock after selling 418 shares during the quarter. Yousif Capital Management LLC’s holdings in Houlihan Lokey were worth $3,396,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Houlihan Lokey by 145.7% in the first quarter. GAMMA Investing LLC now owns 4,250 shares of the financial services provider’s stock worth $686,000 after buying an additional 2,520 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Houlihan Lokey by 5.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 29,103 shares of the financial services provider’s stock worth $4,700,000 after buying an additional 1,618 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Houlihan Lokey in the first quarter worth $313,000. QRG Capital Management Inc. lifted its stake in shares of Houlihan Lokey by 9.7% in the first quarter. QRG Capital Management Inc. now owns 4,987 shares of the financial services provider’s stock worth $805,000 after buying an additional 439 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in shares of Houlihan Lokey by 3.6% in the first quarter. State of Alaska Department of Revenue now owns 6,330 shares of the financial services provider’s stock worth $1,022,000 after buying an additional 220 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI stock opened at $188.30 on Friday. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78. The stock has a market cap of $13.24 billion, a price-to-earnings ratio of 31.70 and a beta of 0.87. The firm has a fifty day moving average of $198.23 and a 200-day moving average of $182.58.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) 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 company had revenue of $605.35 million during the quarter, compared to analysts’ expectations of $573.07 million. During the same quarter in the prior year, the company posted $1.22 EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $0.60 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.3%. Houlihan Lokey’s dividend payout ratio is currently 40.40%.

Insider Activity

In other news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $199.95, for a total value of $7,998,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Irwin Gold sold 6,811 shares of the 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. In the last 90 days, insiders sold 47,311 shares of company stock worth $9,477,040. 22.83% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research note on Thursday, October 9th. They issued a “hold” rating and a $210.00 price objective for the company. Morgan Stanley upped their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Keefe, Bruyette & Woods cut their target price on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research note on Monday. BMO Capital Markets began coverage on shares of Houlihan Lokey in a research note on Friday, October 3rd. They set an “outperform” rating and a $230.00 target price for the company. Finally, Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $212.43.

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.