Houlihan Lokey, Inc. (HLI) Shares Sold by Hodges Capital Management Inc.
Hodges Capital Management Inc. reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 95.3% during the second quarter, Holdings Channel reports. The fund owned 12,450 shares of the financial services provider’s stock after selling 250,500 shares during the period. Hodges Capital Management Inc.’s holdings in Houlihan Lokey were worth $435,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock valued at $158,000 after buying an additional 381 shares during the last quarter. Legal & General Group Plc raised its position in shares of Houlihan Lokey by 37.8% in the first quarter. Legal & General Group Plc now owns 4,628 shares of the financial services provider’s stock valued at $159,000 after buying an additional 1,270 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of Houlihan Lokey during the first quarter valued at approximately $182,000. Jane Street Group LLC bought a new position in shares of Houlihan Lokey during the first quarter valued at approximately $205,000. Finally, American International Group Inc. raised its position in shares of Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock valued at $259,000 after buying an additional 497 shares during the last quarter. 32.12% of the stock is owned by hedge funds and other institutional investors.
Houlihan Lokey, Inc. (HLI) opened at 35.36 on Thursday. Houlihan Lokey, Inc. has a 12 month low of $23.19 and a 12 month high of $39.68. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 18.33 and a beta of 0.31. The company has a 50 day moving average of $36.19 and a 200 day moving average of $33.84.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. The firm had revenue of $217 million during the quarter, compared to the consensus estimate of $203.21 million. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.35 earnings per share. On average, equities analysts predict that Houlihan Lokey, Inc. will post $2.05 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend is Wednesday, August 30th. Houlihan Lokey’s dividend payout ratio (DPR) is 41.67%.
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Several brokerages recently commented on HLI. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $38.00 price objective on shares of Houlihan Lokey in a research report on Wednesday, June 14th. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 price objective for the company in a research report on Wednesday, July 12th. Bank of America Corporation lowered shares of Houlihan Lokey from a “buy” rating to a “neutral” rating and increased their price objective for the company from $36.00 to $38.00 in a research report on Thursday, May 11th. They noted that the move was a valuation call. BidaskClub lowered shares of Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, UBS AG reaffirmed a “buy” rating and issued a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $39.40.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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