2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC decreased its holdings in Houlihan Lokey, Inc. ( NYSE:HLI – Free Report ) by 7.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 95,586 shares of the financial services provider’s stock after selling 8,024 shares during the quarter. Susquehanna Portfolio Strategies LLC owned about 0.14% of Houlihan Lokey worth $12,891,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Houlihan Lokey by 0.
6% in the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after purchasing an additional 29,843 shares in the last quarter.
Earnest Partners LLC raised its holdings in Houlihan Lokey by 1.9% in the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock worth $441,507,000 after purchasing an additional 62,314 shares in the last quarter.
Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Houlihan Lokey by 1.3% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider’s stock valued at $416,434,000 after acquiring an additional 38,155 shares in the last quarter.
Burgundy Asset Management Ltd. increased its holdings in shares of Houlihan Lokey by 2.8% during the fourth quarter.
Burgundy Asset Management Ltd. now owns 1,714,480 shares of the financial services provider’s stock valued at $205,583,000 after acquiring an additional 46,443 shares in the last quarter. Finally, Fiduciary Management Inc.
WI increased its holdings in shares of Houlihan Lokey by 3.4% during the fourth quarter. Fiduciary Management Inc.
WI now owns 1,195,597 shares of the financial services provider’s stock valued at $143,364,000 after acquiring an additional 39,705 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.
Houlihan Lokey Stock Down 0.4 % HLI stock opened at $157.64 on Friday.
Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $162.
84. The stock has a market cap of $10.81 billion, a P/E ratio of 38.
36 and a beta of 0.67. The business’s 50-day moving average price is $152.
02 and its 200-day moving average price is $138.63. Houlihan Lokey Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th.
Stockholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd.
This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.45%.
Houlihan Lokey’s payout ratio is currently 55.47%. Insider Activity In related news, General Counsel Christopher M.
Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.
00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . In other Houlihan Lokey news, Chairman Scott L.
Beiser sold 8,317 shares of Houlihan Lokey stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.
13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink . Also, General Counsel Christopher M.
Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.
00. The disclosure for this sale can be found here . Insiders have sold a total of 9,717 shares of company stock valued at $1,479,513 in the last ninety days.
Corporate insiders own 25.97% of the company’s stock. Analyst Upgrades and Downgrades HLI has been the subject of several analyst reports.
Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st.
Wells Fargo & Company initiated coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company.
Morgan Stanley lifted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd.
JPMorgan Chase & Co. reduced their price objective on Houlihan Lokey from $132.00 to $129.
00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, UBS Group lifted their price objective on Houlihan Lokey from $157.00 to $170.
00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $153.
00. Get Our Latest Analysis on HLI About Houlihan Lokey ( Free Report ) 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.
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