Houlihan Lokey, Inc. $HLI Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 46.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,444 shares of the financial services provider’s stock after selling 6,520 shares during the period. QRG Capital Management Inc.’s holdings in Houlihan Lokey were worth $1,069,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Houlihan Lokey by 362.1% during the 4th quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock worth $296,706,000 after purchasing an additional 1,334,769 shares during the period. Geode Capital Management LLC increased its holdings in Houlihan Lokey by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after purchasing an additional 84,757 shares during the last quarter. Bank of Montreal Can raised its position in Houlihan Lokey by 2,723.2% in the fourth quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after purchasing an additional 1,156,973 shares during the period. Bank of America Corp DE raised its position in Houlihan Lokey by 4.1% in the second quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after purchasing an additional 41,470 shares during the period. Finally, Capital Research Global Investors lifted its stake in Houlihan Lokey by 0.6% during the fourth quarter. Capital Research Global Investors now owns 962,263 shares of the financial services provider’s stock worth $167,617,000 after purchasing an additional 5,822 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other news, Chairman Scott L. Beiser sold 6,265 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares in the company, valued at approximately $941,378.90. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 22.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. UBS Group lifted their target price on Houlihan Lokey from $160.00 to $161.00 and gave the company a “neutral” rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $191.43.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $134.15 on Thursday. Houlihan Lokey, Inc. has a 1 year low of $131.30 and a 1 year high of $211.78. The stock has a market cap of $9.26 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.08 and a beta of 0.95. The stock has a 50-day simple moving average of $144.05 and a 200-day simple moving average of $156.83.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.16). The business had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.Houlihan Lokey’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the business posted $1.96 EPS. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a dividend of $0.70 per share. The ex-dividend date of this dividend was Monday, June 1st. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 2.1%. Houlihan Lokey’s dividend payout ratio is 45.02%.

Houlihan Lokey Company Profile

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.