Houlihan Lokey, Inc. $HLI Shares Sold by Naples Global Advisors LLC

Naples Global Advisors LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 6.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,975 shares of the financial services provider’s stock after selling 255 shares during the period. Naples Global Advisors LLC’s holdings in Houlihan Lokey were worth $715,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of HLI. Two Sigma Investments LP boosted its stake in Houlihan Lokey by 70.2% during the 4th quarter. Two Sigma Investments LP now owns 3,249 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,340 shares during the period. Versant Capital Management Inc boosted its stake in Houlihan Lokey by 744.2% during the 1st quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 320 shares during the period. Parallel Advisors LLC boosted its stake in Houlihan Lokey by 14.2% during the 1st quarter. Parallel Advisors LLC now owns 819 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 102 shares during the period. NBC Securities Inc. raised its position in Houlihan Lokey by 125,366.7% during the 1st quarter. NBC Securities Inc. now owns 3,764 shares of the financial services provider’s stock worth $607,000 after buying an additional 3,761 shares during the last quarter. Finally, Portside Wealth Group LLC raised its position in Houlihan Lokey by 13.7% during the 1st quarter. Portside Wealth Group LLC now owns 2,754 shares of the financial services provider’s stock worth $478,000 after buying an additional 331 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on HLI shares. Wall Street Zen downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a “hold” rating to a “moderate buy” rating and upped their price objective for the stock from $185.00 to $232.00 in a research report on Monday, July 14th. Zacks Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday. Morgan Stanley upped their price objective 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, Wells Fargo & Company upped their price objective on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $210.60.

Insider Activity at Houlihan Lokey

In related news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction dated 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 SEC, which is available through this hyperlink. Also, Chairman Irwin Gold sold 6,811 shares of the stock in a transaction dated 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 three months, insiders have sold 47,311 shares of company stock valued at $9,477,040. Insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Up 0.2%

Shares of HLI opened at $201.12 on Friday. The company has a 50-day simple moving average of $198.04 and a 200-day simple moving average of $180.53. The company has a market capitalization of $14.14 billion, a PE ratio of 33.86 and a beta of 0.87. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results 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. The business had revenue of $605.35 million during the quarter, compared to the consensus estimate of $573.07 million. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.22 EPS. On average, research analysts anticipate 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, September 15th. Investors of record on Tuesday, September 2nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio is presently 40.40%.

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.