Houlihan Lokey, Inc. $HLI Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 31.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 929,760 shares of the financial services provider’s stock after selling 431,650 shares during the period. Wellington Management Group LLP owned approximately 1.35% of Houlihan Lokey worth $124,709,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pier Capital LLC increased its holdings in shares of Houlihan Lokey by 62.3% in the 4th quarter. Pier Capital LLC now owns 44,000 shares of the financial services provider’s stock valued at $7,664,000 after purchasing an additional 16,894 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Houlihan Lokey during the fourth quarter worth about $1,942,000. New Age Alpha Advisors LLC grew its position in Houlihan Lokey by 169.1% during the fourth quarter. New Age Alpha Advisors LLC now owns 30,856 shares of the financial services provider’s stock worth $5,375,000 after buying an additional 19,388 shares during the period. M&T Bank Corp purchased a new position in Houlihan Lokey in the fourth quarter valued at about $1,166,000. Finally, Geode Capital Management LLC lifted its position in shares of Houlihan Lokey by 6.4% during 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 acquiring an additional 84,757 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

HLI stock opened at $132.56 on Wednesday. The stock has a market capitalization of $9.15 billion, a P/E ratio of 22.28, a PEG ratio of 1.53 and a beta of 0.95. Houlihan Lokey, Inc. has a one year low of $112.83 and a one year high of $211.78. The company has a 50 day moving average price of $133.76 and a two-hundred day moving average price of $144.18.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.64 by ($0.29). The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The company’s revenue was down 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 earnings per share. Research analysts forecast that Houlihan Lokey, Inc. will post 6.93 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.70 per share. The ex-dividend date is Tuesday, September 1st. This represents a $2.80 annualized dividend and a yield of 2.1%. Houlihan Lokey’s dividend payout ratio is 47.06%.

Wall Street Analysts Forecast Growth

HLI has been the subject of several research analyst reports. Wall Street Zen downgraded Houlihan Lokey from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Wolfe Research raised Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. US Capital Advisors set a $187.00 price objective on shares of Houlihan Lokey in a research report on Thursday, July 9th. UBS Group dropped their target price on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. Finally, Morgan Stanley cut their target price on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $166.38.

Houlihan Lokey 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.